| Registered Number:04926507 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Paul Young Transport Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Paul Young Transport Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
137,571
269,370
2
137,571
269,370
| Trade and other receivables |
8,640
152,554
3
231,878
| Cash and cash equivalents |
65,442
217,996
240,518
| Trade and other payables: amounts falling due within one |
| year |
(102,247)
(51,121)
4
138,271
166,875
Net current assets
| Total assets less current liabilities |
304,446
407,641
304,446
Net assets
407,641
2
2
304,444
407,639
304,446
407,641
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Paul Charles Young Director |
| These financial statements were approved and authorised for issue by the Board on 27 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Paul Young Transport Ltd
Notes to the Financial Statements
Statutory Information
| Paul Young Transport Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 04926507. |
17 Thomas Mead
Chippenham
Wiltshire
SN15 3YS
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
| 2. Property, plant and equipment |
Motor Vehicles
978,909
8,134
841,714
92,291
36,770
43,491
-
43,491
-
-
-
(255,450)
-
-
(255,450)
92,291
629,755
8,134
766,950
36,770
| Provision for depreciation and impairment |
709,539
4,554
663,419
41,566
-
Charge for year
33,600
895
20,024
12,681
-
(113,760)
-
(113,760)
-
-
629,379
5,449
569,683
54,247
-
36,770
38,044
60,072
2,685
137,571
36,770
50,725
178,295
3,580
269,370
| 3. Trade and other receivables |
2023
2024
2,554
8,640
150,000
-
8,640
152,554
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For the year ended 31 December 2024
Paul Young Transport Ltd
Notes to the Financial Statements Continued
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
2,059
1,850
| Taxation and social security |
45,999
20,171
3,063
80,226
51,121
102,247
| 5. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 5)
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