REGISTERED NUMBER: 10410770 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

ERRY TRANSPORT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B G Woods

REGISTERED OFFICE:

London Thamesport

Isle of Grain

Rochester

Kent

ME3 0EP

REGISTERED NUMBER:

10410770 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Tangible assets

5

1,534,942

1,129,330

CURRENT ASSETS

Debtors

6

85,985

118,724

Cash at bank

153,388

281,231

239,373

399,955

CREDITORS

Amounts falling due within one year

7

349,581

318,633

NET CURRENT (LIABILITIES)/ASSETS

(110,208

)

81,322

TOTAL ASSETS LESS CURRENT LIABILITIES

1,424,734

1,210,652

CREDITORS

Amounts falling due after more than one year

8

(239,730

)

(173,394

)

PROVISIONS FOR LIABILITIES

(236,714

)

(219,455

)

NET ASSETS

948,290

817,803

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

948,289

817,802

SHAREHOLDERS' FUNDS

948,290

817,803

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 director acknowledges his 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 director and authorised for issue on 12 September 2025 and were signed by:

B G Woods - Director

1.	STATUTORY INFORMATION

Erry Transport Limited 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.	STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

The percentage of completion method is used to calculate the turnover recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of turnover can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2023

674,660

1,319,904

3,019

1,997,583

Additions

252,290

539,055

-

791,345

Disposals

-

(130,000

)

-

(130,000

)

At 31 October 2024

926,950

1,728,959

3,019

2,658,928

DEPRECIATION

At 1 November 2023

264,587

601,840

1,826

868,253

Charge for year

165,592

167,482

298

333,372

Eliminated on disposal

-

(77,639

)

-

(77,639

)

At 31 October 2024

430,179

691,683

2,124

1,123,986

NET BOOK VALUE

At 31 October 2024

496,771

1,037,276

895

1,534,942

At 31 October 2023

410,073

718,064

1,193

1,129,330

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 November 2023

146,444

487,725

634,169

Additions

-

440,650

440,650

Transfer to ownership

-

(170,000

)

(170,000

)

At 31 October 2024

146,444

758,375

904,819

DEPRECIATION

At 1 November 2023

50,746

112,447

163,193

Charge for year

23,925

98,731

122,656

Transfer to ownership

-

(65,680

)

(65,680

)

At 31 October 2024

74,671

145,498

220,169

NET BOOK VALUE

At 31 October 2024

71,773

612,877

684,650

At 31 October 2023

95,698

375,278

470,976

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

40,112

102,208

Other debtors

45,873

16,516

85,985

118,724

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

210,832

173,382

Trade creditors

38,063

29,112

Taxation and social security

29,934

72,668

Other creditors

60,752

33,471

349,581

318,633

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,833

15,833

Hire purchase contracts

233,897

157,561

239,730

173,394

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

15,833

25,833

Hire purchase contracts

444,729

330,943

460,562

356,776

The Barclays Bounce Back loan is secured by the Government.

All hire purchase contracts are secured by way of a charge over the assets in which the agreement relates to.

10.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £4,692 (2023 - £18,768).

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024

2023

£

£

B G Woods

Balance outstanding at start of year

(17,109

)

(16,701

)

Amounts advanced

105,110

114,751

Amounts repaid

(117,785

)

(115,159

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(29,784

)

(17,109

)

The loan from the director to the company is unsecured, interest free and repayble on demand.