Registered number
09643982
CAENBY CORNER TRANSPORT LIMITED
Filleted Accounts
30 September 2024
CAENBY CORNER TRANSPORT LIMITED
Registered number: 09643982
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 95,662 112,938
Current assets
Stocks 51,060 42,560
Debtors 4 344,505 188,108
Cash at bank and in hand 28,639 30,051
424,204 260,719
Creditors: amounts falling due within one year 5 (382,131) (201,773)
Net current assets 42,073 58,946
Total assets less current liabilities 137,735 171,884
Creditors: amounts falling due after more than one year 6 (17,444) (29,647)
Provisions for liabilities (9,882) (9,882)
Net assets 110,409 132,355
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 109,409 131,355
Shareholders' funds 110,409 132,355
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Leigh Field
Director
Approved by the board on 11 June 2025
CAENBY CORNER TRANSPORT LIMITED
Notes to the Accounts
for the period from 1 July 2023 to 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 15% at cost
Plant and machinery 15% at cost
Fixtures, fittings, tools and equipment 15% at cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 182,282 139,224 321,506
Additions 36,412 - 36,412
At 30 September 2024 218,694 139,224 357,918
Depreciation
At 1 July 2023 153,078 55,490 208,568
Charge for the period 32,804 20,884 53,688
At 30 September 2024 185,882 76,374 262,256
Net book value
At 30 September 2024 32,812 62,850 95,662
At 30 June 2023 29,204 83,734 112,938
4 Debtors 2024 2023
£ £
Trade debtors 309,095 22,078
Other debtors 35,410 166,030
344,505 188,108
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 200,423 53,712
Taxation and social security costs 5,681 2,120
Other creditors 176,027 145,941
382,131 201,773
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,444 29,647
7 Other information
CAENBY CORNER TRANSPORT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
2 Langley Crescent
Edgware
Middlesex
HA8 9SZ
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