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Registration number: 05095590

Solution Transport Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2024

Solution Transport Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 12

Solution Transport Limited

Company Information

Director | Mr G Richardson

Registered office | 4 Laleston Close Widnes Cheshire WA8 8LG

Accountants | Xeinadin 10 Ambassador Place Stockport Road Altrincham Cheshire WA15 8DB

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Solution Transport Limited
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Solution Transport Limited for the year ended 30 September 2024 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Solution Transport Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Solution Transport Limited and state those matters that we have agreed to state to the Board of Directors of Solution Transport Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Solution Transport Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Solution Transport Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Solution Transport Limited. You consider that Solution Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Solution Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Xeinadin
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

10 June 2025

Solution Transport Limited

(Registration number: 05095590)
Balance Sheet as at 30 September 2024

| Note | 30 September 2024 £ | 30 September 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 477,350 | 528,916
Current assets |  |  |
Stocks | 5 | 6,693 | 7,443
Debtors | 6 | 387,031 | 414,757
Cash at bank and in hand |  | 48,588 | 97,798
|  | 442,312 | 519,998
Creditors: Amounts falling due within one year | 7 | (421,465) | (462,171)
Net current assets |  | 20,847 | 57,827
Total assets less current liabilities |  | 498,197 | 586,743
Creditors: Amounts falling due after more than one year | 7 | (130,864) | (219,078)
Provisions for liabilities |  | (90,314) | (100,043)
Net assets |  | 277,019 | 267,622
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | 276,019 | 266,622
Shareholders' funds |  | 277,019 | 267,622

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.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Solution Transport Limited

(Registration number: 05095590)
Balance Sheet as at 30 September 2024

Approved and authorised by the director on 10 June 2025

......................................... Mr G Richardson Director

Solution Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
4 Laleston Close
Widnes
Cheshire
WA8 8LG
United Kingdom

These financial statements were authorised for issue by the director on 10 June 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Solution Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & machinery | 15% Reducing balance
Fixtures & fittings | 15% Reducing balance
Motor vehicles | 25% Reducing balance
Equipment | 33% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Solution Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Solution Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 20 (2023 - 21).

Solution Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2023 | 59,347 | 803,826 | 863,173
Additions | 9,205 | 93,872 | 103,077
Disposals | - | (29,642) | (29,642)
At 30 September 2024 | 68,552 | 868,056 | 936,608
Depreciation
At 1 October 2023 | 21,578 | 312,680 | 334,258
Charge for the year | 6,327 | 130,700 | 137,027
Eliminated on disposal | - | (12,027) | (12,027)
At 30 September 2024 | 27,905 | 431,353 | 459,258
Carrying amount
At 30 September 2024 | 40,647 | 436,703 | 477,350
At 30 September 2023 | 37,770 | 491,146 | 528,916

Solution Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5 | Stocks

| 30 September 2024 £ | 30 September 2023 £
Other inventories | 6,693 | 7,443

6 | Debtors

| 30 September 2024 £ | 30 September 2023 £
Trade debtors | 138,147 | 163,401
Prepayments and accrued income | 77,661 | 78,240
Other debtors | 171,223 | 173,116
| 387,031 | 414,757

7 | Creditors

Creditors: amounts falling due within one year

| Note | 30 September 2024 £ | 30 September 2023 £
Due within one year |  |  |
Loans and borrowings | 8 | 220,657 | 256,374
Trade creditors |  | 124,379 | 145,018
Taxation and social security |  | 59,009 | 45,352
Accruals and deferred income |  | 13,685 | 13,627
Other creditors |  | 3,735 | 1,800
|  | 421,465 | 462,171

Secured creditors, amounting to £72,254 (2023: £92,571) are included within loans and borrowings. These are secured by a fixed and floating charge over the company's assets.

Solution Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Creditors: amounts falling due after more than one year

| Note | 30 September 2024 £ | 30 September 2023 £
Due after one year |  |  |
Loans and borrowings | 8 | 130,864 | 219,078

8 | Loans and borrowings

Non-current loans and borrowings

| 30 September 2024 £ | 30 September 2023 £
Hire purchase contracts | 130,864 | 219,078

Current loans and borrowings

| 30 September 2024 £ | 30 September 2023 £
Hire purchase contracts | 148,712 | 163,804
Other borrowings | 71,945 | 92,570
| 220,657 | 256,374

Solution Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9 | Related party transactions

Transactions with the director

2024 | At 1 October 2023 £ | Repayments by director £ | At 30 September 2024 £
Interest is charged on the director's loan account at the official rate of interest and the loan balance is repayable on demand. | 15,262 | (4,090) | 11,172

2023 | At 1 October 2022 £ | Repayments by director £ | At 30 September 2023 £
Interest is charged on the director's loan account at the official rate of interest and the loan balance is repayable on demand. | 18,168 | (2,906) | 15,262