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Company No: 00951245 (England and Wales)

GERMAN TRANSPORT LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

GERMAN TRANSPORT LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

GERMAN TRANSPORT LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
GERMAN TRANSPORT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
Directors Mrs S H Acomb
Mr C R Turner
Mrs S R Turner
Secretary Mrs S H Acomb
Registered office Springfield House
Springfield Road
Horsham
RH12 2RG
United Kingdom
Company number 00951245 (England and Wales)
Accountant Kreston Reeves LLP
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
GERMAN TRANSPORT LIMITED

BALANCE SHEET

As at 30 September 2024
GERMAN TRANSPORT LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 290,836 249,641
290,836 249,641
Current assets
Debtors 4 9,202 3,337
Cash at bank and in hand 5 191,055 209,607
200,257 212,944
Creditors: amounts falling due within one year 6 ( 122,589) ( 89,331)
Net current assets 77,668 123,613
Total assets less current liabilities 368,504 373,254
Creditors: amounts falling due after more than one year 7 ( 58,897) ( 166,205)
Net assets 309,607 207,049
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 309,507 206,949
Total shareholder's funds 309,607 207,049

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of German Transport Limited (registered number: 00951245) were approved and authorised for issue by the Board of Directors on 18 June 2025. They were signed on its behalf by:

Mrs S H Acomb
Director
GERMAN TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
GERMAN TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

German Transport Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, RH12 2RG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised in the period in which the storage and rental services are provided to the extent that it is probable that the economic benefits will flow to the company and the income can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts and rebates, and exclusive of VAT.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 25 years straight line
Plant and machinery 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties, and investment in ordinary shares.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 October 2023 324,641 18,220 342,861
Additions 54,501 0 54,501
At 30 September 2024 379,142 18,220 397,362
Accumulated depreciation
At 01 October 2023 76,408 16,812 93,220
Charge for the financial year 13,095 211 13,306
At 30 September 2024 89,503 17,023 106,526
Net book value
At 30 September 2024 289,639 1,197 290,836
At 30 September 2023 248,233 1,408 249,641

4. Debtors

2024 2023
£ £
Trade debtors 3,600 0
Accrued income 1,153 3,115
VAT recoverable 4,449 222
9,202 3,337

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 191,055 209,607

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 13,225 31,464
Other loans 70,080 38,904
Accruals and deferred income 3,050 3,992
Taxation and social security 34,034 12,771
Other creditors 2,200 2,200
122,589 89,331

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans 58,897 166,205

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100