REGISTERED NUMBER: 03350368 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TONY STARMER TRANSPORT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P A Starmer

SECRETARY:

Mrs R Hurst

REGISTERED OFFICE:

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

BUSINESS ADDRESS:

Wymeswold Industrial Park

Wymeswold Road

Burton on the Wolds

Leicestershire

LE12 5TY

REGISTERED NUMBER:

03350368 (England and Wales)

ACCOUNTANTS:

Lemans

Chartered Certified Accountants

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

934,909

903,842

934,909

903,842

CURRENT ASSETS

Stocks

11,500

11,500

Debtors

6

621,864

543,468

Cash at bank and in hand

167,833

139,639

801,197

694,607

CREDITORS

Amounts falling due within one year

7

517,874

498,477

NET CURRENT ASSETS

283,323

196,130

TOTAL ASSETS LESS CURRENT LIABILITIES

1,218,232

1,099,972

CREDITORS

Amounts falling due after more than one year

8

(414,381

)

(429,524

)

PROVISIONS FOR LIABILITIES

11

(227,541

)

(219,380

)

NET ASSETS

576,310

451,068

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

576,210

450,968

SHAREHOLDERS' FUNDS

576,310

451,068

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

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 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 director and authorised for issue on 18 September 2025 and were signed by:

P A Starmer - Director

1.	STATUTORY INFORMATION

Tony Starmer 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.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stock are valued on a first in first out basis, at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating leases

Payments made under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

15,000

AMORTISATION

At 1 January 2024

and 31 December 2024

15,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

116,283

1,816,973

31,566

1,964,822

Additions

-

335,781

-

335,781

Disposals

-

(93,972

)

-

(93,972

)

At 31 December 2024

116,283

2,058,782

31,566

2,206,631

DEPRECIATION

At 1 January 2024

104,784

926,138

30,058

1,060,980

Charge for year

2,875

267,986

1,224

272,085

Eliminated on disposal

-

(61,343

)

-

(61,343

)

At 31 December 2024

107,659

1,132,781

31,282

1,271,722

NET BOOK VALUE

At 31 December 2024

8,624

926,001

284

934,909

At 31 December 2023

11,499

890,835

1,508

903,842

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

Motor

vehicles

£

COST

At 1 January 2024

1,317,375

Additions

315,780

Disposals

(76,000

)

Transfer to ownership

(73,000

)

At 31 December 2024

1,484,155

DEPRECIATION

At 1 January 2024

515,816

Charge for year

243,562

Eliminated on disposal

(43,951

)

Transfer to ownership

(51,577

)

At 31 December 2024

663,850

NET BOOK VALUE

At 31 December 2024

820,305

At 31 December 2023

801,559

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

376,018

315,704

Other debtors

58,213

53,960

Directors' current accounts

174,053

164,123

Prepayments

13,580

9,681

621,864

543,468

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,397

10,140

Hire purchase contracts (see note 9)

252,689

242,054

Trade creditors

125,721

115,054

Social security and other taxes

64,583

63,441

Other creditors

17,138

15,008

Accrued expenses

47,346

52,780

517,874

498,477

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,409

14,806

Hire purchase contracts (see note 9)

409,972

414,718

414,381

429,524

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

252,689

242,054

Between one and five years

409,972

414,718

662,661

656,772

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

46,845

35,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

662,661

656,772

11.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

227,541

219,380

Deferred

tax

£

Balance at 1 January 2024

219,380

Provided during year

8,161

Balance at 31 December 2024

227,541

Deferred taxation is calculated at 25% and relates solely to excess of capital allowances over deprecation.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

90

Ordinary A

£1

90

90

10

Ordinary B

£1

10

10

100

100

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

P A Starmer

Balance outstanding at start of year

164,123

151,520

Amounts advanced

9,930

12,603

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

174,053

164,123

Interest is being charged on the loan at a rate of 2.25% per annum. The interest amount charged on this loan during the year and credited to the profit and loss account amounted to £3,762 (2025 - £3,415).

14.	RELATED PARTY DISCLOSURES

Mr P Starmer is a director of Tony Starmer Autodiagnostics Limited, which is incorporated in England.

Included in debtors at the 31 December 2024 was an amount of £4,452 owed to this company by Tony Starmer Autodiagnostics Limited (31.12.2023 £4,452).

15.

PENSIONS

The company operates defined contribution schemes. The assets are managed independently of the company and contributions are charged to the Profit and Loss account in the period they are made. The charge for the year was £28,485 (2023 - £26,081).