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REGISTERED NUMBER: 07229827 (England and Wales)




















NXTransport Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024






NXTransport Limited (Registered number: 07229827)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


NXTransport Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: Mr M T Powell
Mr N M Powell
Mr R T Powell
Mrs J C Powell





REGISTERED OFFICE: Pacioli House
9 Brookfield, Duncan Close
Moulton Park
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 07229827 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

NXTransport Limited (Registered number: 07229827)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 34,128 45,505

CURRENT ASSETS
Debtors 5 2,074,585 2,156,040
Cash at bank and in hand 42,840 34,969
2,117,425 2,191,009
CREDITORS
Amounts falling due within one year 6 1,945,981 2,019,565
NET CURRENT ASSETS 171,444 171,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,572

216,949

PROVISIONS FOR LIABILITIES 9 2,993 5,093
NET ASSETS 202,579 211,856

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 202,479 211,756
SHAREHOLDERS' FUNDS 202,579 211,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:



Mr R T Powell - Director


NXTransport Limited (Registered number: 07229827)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

NX Transport Limited is a private company, limited by shares, incorporated and domiciled in England. The company's registered number and registered office address can be found on the Company Information Page.

The principal place of business is Unit 2, Orion Close, Mustang Park, Daventry, NN11 8NW.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 section 1A") and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The financial statements are presented in Sterling (£) and cover the period to the 31st October each year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax
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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate 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.

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.

NXTransport Limited (Registered number: 07229827)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 38,006 9,762 182,166 229,934
DEPRECIATION
At 1 November 2023 33,308 8,142 142,979 184,429
Charge for year 1,175 405 9,797 11,377
At 31 October 2024 34,483 8,547 152,776 195,806
NET BOOK VALUE
At 31 October 2024 3,523 1,215 29,390 34,128
At 31 October 2023 4,698 1,620 39,187 45,505

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 103,329 358,012
Amounts owed by group undertakings 1,821,865 1,576,720
Other debtors 149,391 221,308
2,074,585 2,156,040

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 109,151 76,181
Amounts owed to group undertakings 1,766,497 1,910,087
Other creditors 70,333 33,297
1,945,981 2,019,565

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 233,173 236,605
Between one and five years 492,722 3,445
725,895 240,050

The comapny has various lease agreements but all costs relating to these leases are recharged to fellow group entities.

NXTransport Limited (Registered number: 07229827)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

8. FINANCIAL RISK MANAGEMENT

The company has some exposure to credit, liquidity and market risks, These risks are limited by the company's financial management policies and practices described below.

Credit risk
The company has exposure to credit risks. The company's exposure and it's customers credit worthiness is continually monitored so that any potential problems are detected at an early stage.

Liquidity risk
The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities. There is no significant non-derivative financial liabilities remaining at the reporting date.

Market risk
There is a market risk associated with the fluctuation in demand for the products and services provided. Most of this is mitigated by monitoring the markets.

The company holds no derivative financial instruments at the year end.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,993 5,093

Deferred
tax
£   
Balance at 1 November 2023 5,093
Utilised during year (2,100 )
Balance at 31 October 2024 2,993

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

During the year the company traded with fellow group companies, the balances outstanding at the year end amounted to:

Due from related parties - £1,821,865
Due to relates parties - £1,766,497

There is no interest accruing and all amounts are repayable within one year.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Theantis (Holdings)Ltd.

The principal place of business of Theantis (Holdings) Ltd is Unit 2, Orion Close, Mustang Park, Daventry, NN11 8NW