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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
Page
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System 7 Transport Services Limited Company Information for the year ended 31 March 2025
Director
Keith Bridges
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
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System 7 Transport Services Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
362,892 
333,234 
Current assets
Debtors
139,341 
88,082 
Cash at bank and in hand
56,427 
42,402 
195,768 
130,484 
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 
Capital and reserves
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
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System 7 Transport Services Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
2
Accounting policies
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
Pension costs
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.
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System 7 Transport Services Limited Notes to the Accounts for the year ended 31 March 2025
Leased assets
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 
Depreciation
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 
Net book value
At 31 March 2025
6,415 
426 
355,596 
455 
362,892 
At 31 March 2024
7,128 
- 
325,685 
421 
333,234 
2025 
2024 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
150,758 
133,937 
4
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
88,498 
88,082 
Accrued income and prepayments
15,211 
- 
Other debtors
35,632 
- 
139,341 
88,082 
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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 
VAT
14,187 
9,547 
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 
Accruals
4,402 
7,282 
117,768 
66,377 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
36,035 
42,194 
Obligations under finance leases and hire purchase contracts
46,705 
8,961 
82,740 
51,155 
7
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
80 Ordinary shares of £1 each
80 
100 
20 Ordinary B shares of £1 each
20 
- 
100 
100 
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 
- 
30,605 
- 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Keith Bridges
Directors Loan Account
(1,794)
115,032 
78,606 
34,632 
(1,794)
115,032 
78,606 
34,632 
- 7 -
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).
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