G.Baj Transport Limited - Filleted accounts

Registered number

08748531

G.Baj Transport Limited

Filleted Accounts

31 October 2024

G.Baj Transport Limited
Registered number:		08748531
Balance Sheet
as at 31 October 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		136,396			243,938
			136,396			243,938

Current assets
Debtors	4	69,705			94,103
Cash at bank and in hand		19,398			13,652
		89,103			107,755

Creditors: amounts falling due within one year	5	(17,503)			(14,482)

Net current assets			71,600			93,273

Total assets less current liabilities			207,996			337,211

Creditors: amounts falling due after more than one year	6		(271,212)			(343,991)



Net liabilities			(63,216)			(6,780)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(63,316)			(6,880)

Shareholders' funds			(63,216)			(6,780)

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.




Gurbir Kaur Bajwa
Director
Approved by the board on 16 October 2025

G.Baj Transport Limited
Notes to the Accounts
for the year ended 31 October 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.


	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			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years


	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.



2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					7		0




3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 November 2023	-		1,729		850,796		852,525
	Additions	-		-		23,000		23,000
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 31 October 2024	-		1,729		873,796		875,525

	Depreciation
	At 1 November 2023	-		2,256		606,331		608,587
	Charge for the year	-		-		130,542		130,542
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 31 October 2024	-		2,256		736,873		739,129

	Net book value
	At 31 October 2024	-		(527)		136,923		136,396
	At 31 October 2023	-		(527)		244,465		243,938


	Freehold land and buildings:					2024		2023
£							£
	Historical cost					-		-
	Cumulative depreciation based on historical cost					-		-
						-		-
	[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]




4	Debtors					2024		2023
£							£

	Trade debtors					69,705		94,103
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					-		-
	Deferred tax asset					-		-
	Other debtors					-		-
						69,705		94,103

	Amounts due after more than one year included above					-		-




5	Creditors: amounts falling due within one year					2024		2023
£							£

	Non-equity preference shares					-		-
	Bank loans and overdrafts					-		-
	Obligations under finance lease and hire purchase contracts					-		-
	Trade creditors					-		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Taxation and social security costs					17,153		14,132
	Other creditors					350		350
						17,503		14,482


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Non-equity preference shares					-		-
	Bank loans					271,212		343,991
	Obligations under finance lease and hire purchase contracts					-		-
	Trade creditors					-		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Other creditors					-		-
						271,212		343,991