REGISTERED NUMBER: 07522457 (England and Wales)

London Goods Transport Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

3

CURRENT ASSETS

Debtors

4

116,838

158,717

Cash at bank

19,417

5,598

136,255

164,315

CREDITORS

Amounts falling due within one year

5

385,800

439,524

NET CURRENT LIABILITIES

(249,545

)

(275,209

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(249,545

)

(275,209

)

CREDITORS

Amounts falling due after more than one year

6

6,162

16,523

NET LIABILITIES

(255,707

)

(291,732

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

(255,709

)

(291,734

)

SHAREHOLDERS' FUNDS

(255,707

)

(291,732

)

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 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 30 September 2025 and were signed on its behalf by:

Mrs G K Dhillon - Director

1.	STATUTORY INFORMATION

London Goods Transport Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07522457

Registered office:

Bathurst House

50 Bathurst Walk

Iver

Buckinghamshire

SL0 9BH

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 represents income receivable in respect of services provided during the financial year, excluding value added tax.

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 balance sheet date.

Going concern

The company has traded profitably in each of the last four years, however, the Balance Sheet shows an insolvent position at the Balance Sheet date; this is due to past losses The Directors nevertheless believe that it is appropriate to prepare the Accounts on a going concern basis as the primary creditors are a close family member and companies controlled by him. He has confirmed that it is his intention not to seek repayment of these amounts unless or until the company can afford to do so without damaging its ability to continue trading.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

231

15,619

Other debtors

116,607

143,098

116,838

158,717

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,361

10,106

Trade creditors

20,945

174,093

Taxation and social security

41

5

Other creditors

354,453

255,320

385,800

439,524

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

6,162

16,523

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

8.	CONTINGENT LIABILITIES

HMRC have, for some time, been conducting a review of the employment status of individuals who used to drive for the company on a self-employed basis. The Directors are confident that the review will be resolved in the company's favour however, should that not be the case, then a substantial but as yet unknown liability to employment taxes would arise.

9.	RELATED PARTY DISCLOSURES

The turnover shown in the financial statements is derived from contracts between London Goods Transport Limited and its customers, most of whom are companies owned or controlled by close family members of the Directors. Much of this work is, in turn, also carried out by companies owned and controlled by one of the Directors or by other family members. The margins on this work is not always billed at commercial rates and accordingly the gross profit percentage varies from year to year.

Included in other creditors are balances totalling £225,825 (2023: £221,230). These amounts are owed by the company to a former director, who is a close relative of the existing directors.

No interest is payable on these amounts.