Company Registration No. 05246494 (England and Wales)
System 7 Transport Services Limited
Unaudited accounts
for the year ended 31 March 2025
System 7 Transport Services Limited
Unaudited accounts
Contents
System 7 Transport Services Limited
Company Information
for the year ended 31 March 2025
Company Number
05246494 (England and Wales)
Registered Office
29 Weaver Moss
Sandhurst
Berkshire
GU47 9BQ
England
Accountants
Blue Cube Accountants Limited
7 High Street
Windsor
SL4 1LD
System 7 Transport Services Limited
Statement of financial position
as at 31 March 2025
Tangible assets
362,892
333,234
Cash at bank and in hand
56,427
42,402
Creditors: amounts falling due within one year
(117,768)
(66,377)
Net current assets
78,000
64,107
Total assets less current liabilities
440,892
397,341
Creditors: amounts falling due after more than one year
(82,740)
(51,155)
Provisions for liabilities
Deferred tax
(85,844)
(77,532)
Net assets
272,308
268,654
Called up share capital
100
100
Profit and loss account
272,208
268,554
Shareholders' funds
272,308
268,654
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 June 2025 and were signed on its behalf by
Keith Bridges
Director
Company Registration No. 05246494
System 7 Transport Services Limited
Notes to the Accounts
for the year ended 31 March 2025
System 7 Transport Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05246494. The registered office is 29 Weaver Moss, Sandhurst, Berkshire, GU47 9BQ, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to the UK and Republic of Ireland’ including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Reducing Balance
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
33% Straight Line
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
System 7 Transport Services Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
3
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
8,800
-
540,623
10,243
559,666
Additions
-
521
124,405
499
125,425
Disposals
-
-
(126,547)
-
(126,547)
At 31 March 2025
8,800
521
538,481
10,742
558,544
At 1 April 2024
1,672
-
214,938
9,822
226,432
Charge for the year
713
95
62,617
465
63,890
On disposals
-
-
(94,670)
-
(94,670)
At 31 March 2025
2,385
95
182,885
10,287
195,652
At 31 March 2025
6,415
426
355,596
455
362,892
At 31 March 2024
7,128
-
325,685
421
333,234
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
150,758
133,937
Amounts falling due within one year
Trade debtors
88,498
88,082
Accrued income and prepayments
15,211
-
System 7 Transport Services Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,160
5,665
Obligations under finance leases and hire purchase contracts
15,889
26,857
Taxes and social security
15,820
13,719
Other creditors
61,310
1,513
Loans from directors
-
1,794
6
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
46,705
8,961
Allotted, called up and fully paid:
80 Ordinary shares of £1 each
80
100
20 Ordinary B shares of £1 each
20
-
Shares issued during the period:
20 Ordinary B shares of £1 each
20
8
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
15,687
-
Later than one year and not later than five years
14,918
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(1,794)
115,032
78,606
34,632
(1,794)
115,032
78,606
34,632
System 7 Transport Services Limited
Notes to the Accounts
for the year ended 31 March 2025
10
Average number of employees
During the year the average number of employees was 5 (2024: 5).