REGISTERED NUMBER: 05964320 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

IBBOTSON TRANSPORT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs H Ibbotson

SECRETARY:

Mrs H Ibbotson

REGISTERED OFFICE:

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

REGISTERED NUMBER:

05964320 (England and Wales)

ACCOUNTANTS:

Studholme-Bell Limited

Chartered Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

163,942

117,482

163,942

117,482

CURRENT ASSETS

Debtors

7

170,305

126,836

Cash at bank

278,057

220,258

448,362

347,094

CREDITORS

Amounts falling due within one year

8

109,028

91,643

NET CURRENT ASSETS

339,334

255,451

TOTAL ASSETS LESS CURRENT LIABILITIES

503,276

372,933

CREDITORS

Amounts falling due after more than one year

9

(34,084

)

(33,943

)

PROVISIONS FOR LIABILITIES

(40,914

)

(29,371

)

NET ASSETS

428,278

309,619

CAPITAL AND RESERVES

Called up share capital

112

112

Retained earnings

428,166

309,507

SHAREHOLDERS' FUNDS

428,278

309,619

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 director acknowledges her 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 director and authorised for issue on 7 October 2025 and were signed by:

Mrs H Ibbotson - Director

1.	STATUTORY INFORMATION

Ibbotson Transport 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Turnover

Revenue is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 13 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

69,000

AMORTISATION

At 1 April 2024

and 31 March 2025

69,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

9,582

13,355

7,791

Additions

-

-

-

Disposals

-

-

-

At 31 March 2025

9,582

13,355

7,791

DEPRECIATION

At 1 April 2024

-

11,753

6,557

Charge for year

-

401

309

Eliminated on disposal

-

-

-

At 31 March 2025

-

12,154

6,866

NET BOOK VALUE

At 31 March 2025

9,582

1,201

925

At 31 March 2024

9,582

1,602

1,234

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

181,307

8,503

220,538

Additions

102,013

-

102,013

Disposals

(45,758

)

-

(45,758

)

At 31 March 2025

237,562

8,503

276,793

DEPRECIATION

At 1 April 2024

77,436

7,310

103,056

Charge for year

34,048

298

35,056

Eliminated on disposal

(25,261

)

-

(25,261

)

At 31 March 2025

86,223

7,608

112,851

NET BOOK VALUE

At 31 March 2025

151,339

895

163,942

At 31 March 2024

103,871

1,193

117,482

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

160,270

120,478

Prepayments

10,035

6,358

170,305

126,836

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Tax

44,537

39,099

Social security and other taxes

4,991

3,790

VAT

57,401

40,396

Other creditors

129

389

Accruals and deferred income

1,970

7,969

109,028

91,643

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Directors loan account

34,084

33,943

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 were paid to the director .

11.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is Mrs Ibbotson by virtue of her Directorship and Shareholding.