Registered number
07480397
Cockrams Transport (Lincs) Limited
Report and Accounts
31 December 2024
Cockrams Transport (Lincs) Limited
Registered number: 07480397
Directors' Report
The directors present their report and accounts for the year ended 31 December 2024.
Principal activities
The company's principal activity during the year continued to be provison of taxi services and courier services
Directors
The following persons served as directors during the year:
Mohammed Mahroof Choudry
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 22 September 2025 and signed on its behalf.
Mohammed Mahroof Choudry
Director
Cockrams Transport (Lincs) Limited
Registered number: 07480397
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 831,603 788,678
Current assets
Debtors 4 481,497 365,425
Cash at bank and in hand 30,635 28,846
512,132 394,271
Creditors: amounts falling due within one year 5 (370,167) (228,593)
Net current assets 141,965 165,678
Total assets less current liabilities 973,568 954,356
Creditors: amounts falling due after more than one year 6 (17,933) (48,257)
Net assets 955,635 906,099
Capital and reserves
Called up share capital 1 1
Profit and loss account 955,634 906,098
Shareholders' funds 955,635 906,099
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammed Mahroof Choudry
Director
Approved by the board on 22 September 2025
Cockrams Transport (Lincs) Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings No depreciation charged
Leasehold land and buildings over the lease term
Plant and machinery 25% Reducing balance
Fixtures, fittings, tools and equipment 25% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 85 63
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 639,691 113,696 812,968 1,566,355
Additions - 12,269 154,971 167,240
Disposals - - (65,230) (65,230)
At 31 December 2024 639,691 125,965 902,709 1,668,365
Depreciation
At 1 January 2024 - 75,745 701,932 777,677
Charge for the year - 12,555 90,885 103,440
On disposals - - (44,355) (44,355)
At 31 December 2024 - 88,300 748,462 836,762
Net book value
At 31 December 2024 639,691 37,665 154,247 831,603
At 31 December 2023 639,691 37,951 111,036 788,678
4 Debtors 2024 2023
£ £
Trade debtors 164,958 22,818
Other debtors 316,539 342,607
481,497 365,425
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 44,073 46,032
Taxation and social security costs 23,164 23,702
Other creditors 302,930 158,859
370,167 228,593
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,933 48,257
7 Other information
Cockrams Transport (Lincs) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3-4, Benner Road
Pinchbeck
Spalding
Lincolnshire
PE11 3TZ
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