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REGISTERED NUMBER: 09200515 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

RNC TRANSPORT LTD

RNC TRANSPORT LTD (REGISTERED NUMBER: 09200515)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RNC TRANSPORT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: C Simms
R N Simms





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Birmingham
England
B21 0LT





REGISTERED NUMBER: 09200515 (England and Wales)

RNC TRANSPORT LTD (REGISTERED NUMBER: 09200515)

BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,472 40,528

CURRENT ASSETS
Debtors 5 16,575 16,024
Cash at bank and in hand 8,573 8,677
25,148 24,701
CREDITORS
Amounts falling due within one year 6 241,288 216,104
NET CURRENT LIABILITIES (216,140 ) (191,403 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(162,668

)

(150,875

)

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 (163,668 ) (151,875 )
SHAREHOLDERS' FUNDS (162,668 ) (150,875 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:





R N Simms - Director


RNC TRANSPORT LTD (REGISTERED NUMBER: 09200515)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Rnc 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.

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 the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

RNC TRANSPORT LTD (REGISTERED NUMBER: 09200515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 9,439 78,500 87,939
Additions - 38,060 38,060
Disposals - (23,500 ) (23,500 )
At 31 August 2024 9,439 93,060 102,499
DEPRECIATION
At 1 September 2023 7,284 40,127 47,411
Charge for year 431 17,249 17,680
Eliminated on disposal - (16,064 ) (16,064 )
At 31 August 2024 7,715 41,312 49,027
NET BOOK VALUE
At 31 August 2024 1,724 51,748 53,472
At 31 August 2023 2,155 38,373 40,528

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
VAT 147 294
Prepayments and accrued income 16,428 15,730
16,575 16,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade creditors 9,028 13,547
Other creditors 819 6,475
Directors' current accounts 230,116 194,757
Accrued expenses 1,325 1,325
241,288 216,104

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
1,000 ordinary 1 1,000 1,000

RNC TRANSPORT LTD (REGISTERED NUMBER: 09200515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. RESERVES
Retained
earnings
£   

At 1 September 2023 (151,875 )
Deficit for the year (11,793 )
At 31 August 2024 (163,668 )