REGISTERED NUMBER: 00892593 (England and Wales)

AYLESTONE TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R A Ward

A Ward

REGISTERED OFFICE:

Broughton Way

Broughton Astley

Leicestershire

LE9 6EX

REGISTERED NUMBER:

00892593 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

89 King Street

Maidstone

Kent

ME14 1BG

FIXED ASSETS

Tangible assets

5

590,376

447,904

CURRENT ASSETS

Stocks

11,243

7,843

Debtors

6

130,600

171,849

Cash at bank

56,655

103,187

198,498

282,879

CREDITORS

Amounts falling due within one year

7

184,787

237,521

NET CURRENT ASSETS

13,711

45,358

TOTAL ASSETS LESS CURRENT LIABILITIES

604,087

493,262

CREDITORS

Amounts falling due after more than one year

8

(176,233

)

(101,382

)

PROVISIONS FOR LIABILITIES

(108,895

)

(103,209

)

NET ASSETS

318,959

288,671

CAPITAL AND RESERVES

Called up share capital

9

20,000

20,000

Retained earnings

298,959

268,671

SHAREHOLDERS' FUNDS

318,959

288,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 5 June 2025 and were signed on its behalf by:

R A Ward - Director

1.	STATUTORY INFORMATION

Aylestone 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 provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have assessed the major risks to which the company is exposed and assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of one year from the date of approval of the financial statements. The company holds significant reserves and has positive cash balances. For this reason the directors continue to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

Turnover

Turnover represents net invoiced haulage services provided, excluding value added tax.

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.

Improvements to property

-

straight line over 5 years

Plant and machinery

-

10% on reducing balance

Motor vehicles and trailers

-

25% on cost, 10% on reducing balance and not provided

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and depreciated over their useful economic lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis, over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

5.	TANGIBLE FIXED ASSETS

Motor

Improvements

vehicles

to

Plant and

and

property

machinery

trailers

Totals

£

£

£

£

COST

At 1 March 2024

15,680

12,790

1,008,266

1,036,736

Additions

-

799

289,988

290,787

At 28 February 2025

15,680

13,589

1,298,254

1,327,523

DEPRECIATION

At 1 March 2024

14,112

12,790

561,930

588,832

Charge for year

784

266

147,265

148,315

At 28 February 2025

14,896

13,056

709,195

737,147

NET BOOK VALUE

At 28 February 2025

784

533

589,059

590,376

At 29 February 2024

1,568

-

446,336

447,904

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

Motor

vehicles

and

trailers

£

COST

At 1 March 2024

357,898

Additions

253,682

At 28 February 2025

611,580

DEPRECIATION

At 1 March 2024

134,161

Charge for year

95,488

At 28 February 2025

229,649

NET BOOK VALUE

At 28 February 2025

381,931

At 29 February 2024

223,737

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

117,521

153,135

Other debtors

13,079

830

Prepayments

-

17,884

130,600

171,849

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

43,567

-

Hire purchase contracts

100,837

90,826

Trade creditors

21,058

93,127

Other taxes and PAYE taxes

4,010

36,011

Other creditors

238

1,697

Directors' Current Accounts

8,510

8,510

Accrued expenses

6,567

7,350

184,787

237,521

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

176,233

101,382

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

15,000

Ordinary

£1

15,000

15,000

5,000

Preference

£1

5,000

5,000

20,000

20,000

10.	RELATED PARTY DISCLOSURES

The company occupies premises owned by the directors, Mr R Ward and Mrs A Ward. The directors do not charge rent to the company.