REGISTERED NUMBER: 08441955 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SOLENT TRANSPORT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Lewry

M C Meads

S G Vaughan

Mrs M Waterman

REGISTERED OFFICE:

14 Freshfield Road

Freemantle

Southampton

SO15 8QX

REGISTERED NUMBER:

08441955 (England and Wales)

ACCOUNTANTS:

RfM Alexander Bursk

c/o Alexander Bursk Ltd

Parkgates, Bury New Road

Prestwich

Manchester

M25 0JW

FIXED ASSETS

Tangible assets

4

1,488,926

1,738,564

CURRENT ASSETS

Stocks

7,158

7,958

Debtors

5

1,617,856

1,543,903

Cash at bank and in hand

141,986

161,330

1,767,000

1,713,191

CREDITORS

Amounts falling due within one year

6

2,024,801

1,983,938

NET CURRENT LIABILITIES

(257,801

)

(270,747

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,231,125

1,467,817

CREDITORS

Amounts falling due after more than one year

7

(598,205

)

(965,029

)

PROVISIONS FOR LIABILITIES

-

(73,339

)

NET ASSETS

632,920

429,449

CAPITAL AND RESERVES

Called up share capital

60

60

Retained earnings

632,860

429,389

SHAREHOLDERS' FUNDS

632,920

429,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 10 October 2025 and were signed on its behalf by:

M J Lewry - Director

M C Meads - Director

1.	STATUTORY INFORMATION

Solent Transport Services 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.

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.

RELATED PARTY EXEMPTION

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on cost, 33% on cost, 25% on cost and 10% on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

2,238,648

Additions

105,294

Disposals

(92,554

)

At 31 March 2025

2,251,388

DEPRECIATION

At 1 April 2024

500,084

Charge for year

275,950

Eliminated on disposal

(13,572

)

At 31 March 2025

762,462

NET BOOK VALUE

At 31 March 2025

1,488,926

At 31 March 2024

1,738,564

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,476,087

1,469,615

Other debtors

141,769

74,288

1,617,856

1,543,903

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

869,691

1,015,050

Hire purchase contracts

302,252

297,912

Trade creditors

449,950

376,387

Taxation and social security

135,244

125,901

Other creditors

267,664

168,688

2,024,801

1,983,938

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

60,092

Hire purchase contracts

598,205

904,937

598,205

965,029

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

869,691

1,075,142

Hire purchase contracts

900,457

1,202,849

1,770,148

2,277,991

Bank loans includes the company ID Facility balances. These are secured by way of fixed and floating charges against all assets of the company.

Hire Purchase and finance lease liabilities are secured against the individual assets.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, M J Lewry had an overdrawn directors loan account of £49,052. The loan is repayable on demand and interest free.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Lewry.