Bayston Transport Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04597418

Bayston Transport Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Bayston Transport Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Bayston Transport Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		200,283		267,716

Current assets

Stocks		2,199	4,580
Debtors	6	7,698	61,276
Cash at bank and in hand		1,069,351	969,553
		-------------	-------------
		1,079,248	1,035,409

Creditors: amounts falling due within one year	7	95,646		114,057
		-------------		-------------
Net current assets			983,602		921,352
			-------------		-------------
Total assets less current liabilities			1,183,885		1,189,068

Provisions

Taxation including deferred tax	50,071	66,929
	-------------	-------------
Net assets	1,133,814	1,122,139
	-------------	-------------

Capital and reserves

Called up share capital	500	500
Profit and loss account	1,133,314	1,121,639
	-------------	-------------
Shareholders funds	1,133,814	1,122,139
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bayston Transport Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

E R W Bayston

Director

Company registration number: 04597418

Bayston Transport Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Poplars Farm, East Cowick, Goole, East Riding of Yorkshire, DN14 8SY.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year and excludes VAT.

(d) Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Office equipment	-	25% reducing balance

(g) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(h) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(i) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(j) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2023: 9 ).

5. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 January 2024	599,860	2,692	602,552
Additions	–	888	888
Disposals	( 7,571)	–	( 7,571)
	----------	-------	----------
At 31 December 2024	592,289	3,580	595,869
	----------	-------	----------
Depreciation
At 1 January 2024	332,623	2,213	334,836
Charge for the year	66,419	342	66,761
Disposals	( 6,011)	–	( 6,011)
	----------	-------	----------
At 31 December 2024	393,031	2,555	395,586
	----------	-------	----------
Carrying amount
At 31 December 2024	199,258	1,025	200,283
	----------	-------	----------
At 31 December 2023	267,237	479	267,716
	----------	-------	----------

6. Debtors

	2024	2023
	£	£
Trade debtors	7,698	61,276
	-------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	20,698	55,845
Corporation tax	28,130	13,074
Director loan accounts	138	22
Shareholder's Loan Account	12,000	12,250
Shareholder's Loan Account	450	1,050
Other creditors	34,230	31,816
	--------	----------
	95,646	114,057
	--------	----------

8. Related party transactions

During the year the directors had a loan account with the company. The amount owed to the directors by the company as at 31 December 2024 was £ 138 (2023 - £22). The loan is interest free and repayable on demand.