Company Registration No. 07444821 (England and Wales)
Steve West Transport Limited
Unaudited accounts
for the year ended 31 March 2025
Steve West Transport Limited
Unaudited accounts
Contents
Steve West Transport Limited
Company Information
for the year ended 31 March 2025
Directors
Mr S J West
Ms S Meal
Company Number
07444821 (England and Wales)
Registered Office
Summerhill Earls Drive
Kingsand
Torpoint
England
PL10 1NT
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
Steve West Transport Limited
Statement of financial position
as at 31 March 2025
Tangible assets
35,572
57,370
Cash at bank and in hand
130,258
127,566
Creditors: amounts falling due within one year
(72,277)
(126,535)
Net current assets
147,496
160,890
Total assets less current liabilities
183,068
218,260
Creditors: amounts falling due after more than one year
(1,603)
(5,451)
Provisions for liabilities
Deferred tax
(6,759)
(14,343)
Net assets
174,706
198,466
Called up share capital
100
100
Profit and loss account
174,606
198,366
Shareholders' funds
174,706
198,466
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by
Mr S J West
Director
Company Registration No. 07444821
Steve West Transport Limited
Notes to the Accounts
for the year ended 31 March 2025
Steve West Transport Limited is a private company, limited by shares, registered in England and Wales, registration number 07444821. The registered office is Summerhill Earls Drive, Kingsand, Torpoint, England, PL10 1NT.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Steve West Transport Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
404
107,224
107,628
Disposals
-
(45,700)
(45,700)
At 31 March 2025
404
61,524
61,928
At 1 April 2024
404
49,854
50,258
Charge for the year
-
11,857
11,857
On disposals
-
(35,759)
(35,759)
At 31 March 2025
404
25,952
26,356
At 31 March 2025
-
35,572
35,572
At 31 March 2024
-
57,370
57,370
Amounts falling due within one year
Trade debtors
57,248
88,686
Accrued income and prepayments
10,051
49,795
Other debtors
22,216
21,378
Steve West Transport Limited
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
3,848
3,848
Trade creditors
26,657
67,180
Taxes and social security
9,125
7,039
Other creditors
11,121
27,912
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
1,603
5,451
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Average number of employees
During the year the average number of employees was 10 (2024: 11).