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REGISTERED NUMBER: 13457028 (England and Wales)














Financial Statements

for the Year Ended 31 December 2024

for

Tokamak Transport Ltd

Tokamak Transport Ltd (Registered number: 13457028)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tokamak Transport Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J W Baker
Containerlift Services Limited





REGISTERED OFFICE: Unit 29
Chivenor Business Park
Barnstaple
EX31 4AY





REGISTERED NUMBER: 13457028 (England and Wales)





AUDITORS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

Tokamak Transport Ltd (Registered number: 13457028)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 701,138 529,936

CURRENT ASSETS
Debtors 5 641,479 518,358
Cash at bank 27,597 51,110
669,076 569,468
CREDITORS
Amounts falling due within one year 6 394,610 221,017
NET CURRENT ASSETS 274,466 348,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

975,604

878,387

CREDITORS
Amounts falling due after more than one
year

7

(613,522

)

(612,975

)

PROVISIONS FOR LIABILITIES (99,130 ) (50,699 )
NET ASSETS 262,952 214,713

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 262,852 214,613
262,952 214,713

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





J W Baker - Director


Tokamak Transport Ltd (Registered number: 13457028)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Tokamak Transport Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in 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.

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
Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over their expected useful lives as follows:

Plant and Machinery - at variable rates over 3 - 20 years
Motor Vehicles - at 10% on cost
Fixtures and Fittings - at 10% on cost
Computer Equipment - over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate or if there is an indication of significant change since the last reporting date.

Taxation
The tax expense for the year comprises current and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount for deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recoverd.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Tokamak Transport Ltd (Registered number: 13457028)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Research and development
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as an interest expense.

Hire purchase and leasing commitments
Assets held under finance lease and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Operating lease payments are recognised as an expense on a straightline basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expenses on a straight line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. The assets of the plan are held separately from the company in independently administered funds.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position bank overdrafts are shown within borrowings in current liabilities.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value and thereafter stated at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial instruments, including preference shares that are classified as debt, are measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is initially measured at fair value and subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 8 ) .

Tokamak Transport Ltd (Registered number: 13457028)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 447,411 15,299 107,010 569,720
Additions 245,861 5,232 - 251,093
At 31 December 2024 693,272 20,531 107,010 820,813
DEPRECIATION
At 1 January 2024 28,030 3,581 8,173 39,784
Charge for year 65,075 4,115 10,701 79,891
At 31 December 2024 93,105 7,696 18,874 119,675
NET BOOK VALUE
At 31 December 2024 600,167 12,835 88,136 701,138
At 31 December 2023 419,381 11,718 98,837 529,936

The written down value of fixed assets includes £666,964 (2023 - £509,058) in respect of assets held under hire purchase agreements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 378,462 354,344
Amounts owed by group undertakings 212,017 -
Other debtors 51,000 164,014
641,479 518,358

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 159,728 109,637
Trade creditors 98,315 41,297
Amounts owed to group undertakings 501 2,350
Taxation and social security 72,239 15,794
Other creditors 63,827 51,939
394,610 221,017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 366,522 397,975
Amounts owed to group undertakings 247,000 215,000
613,522 612,975

Tokamak Transport Ltd (Registered number: 13457028)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Henderson (Senior Statutory Auditor)
for and on behalf of Henderson & Company

9. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Blue Group Collective Limited, a company registered in England, as they own 90% of the Tokamak Transport Ltd's issued share capital. The registered office of Blue Group Collective Limited is Gallop House, Hasler Lane, Dunmow, CM6 1XS. Blue Group Collective Limited prepare and file group accounts which consolidate the results of all group companies.

Blue Group Collective Limited is a company under the control of Mr & Mrs J. Baker who own 85.63% of the issued share capital and are therefore the ultimate controlling party.