REGISTERED NUMBER: 01586670 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

E. VALLANCE TRANSPORT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S E Vallance

Mrs D A Vallance

SECRETARY:

Mrs D A Vallance

REGISTERED OFFICE:

Unit 2 Aldon Road

Poulton Industrial Estate

Poulton-le-Fylde

Lancashire

FY6 8JL

REGISTERED NUMBER:

01586670 (England and Wales)

BANKERS:

HSBC Bank plc

1 Newhouse Road

Blackpool

Lancashire

FY4 4YH

FIXED ASSETS

Tangible assets

4

2,197,957

1,880,571

CURRENT ASSETS

Stocks

50,696

53,792

Debtors

5

903,258

870,943

Cash at bank and in hand

1,942,181

1,415,405

2,896,135

2,340,140

CREDITORS

Amounts falling due within one year

6

1,298,297

919,287

NET CURRENT ASSETS

1,597,838

1,420,853

TOTAL ASSETS LESS CURRENT LIABILITIES

3,795,795

3,301,424

CREDITORS

Amounts falling due after more than one year

7

(588,790

)

(604,918

)

PROVISIONS FOR LIABILITIES

(312,924

)

(263,543

)

NET ASSETS

2,894,081

2,432,963

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

11

11

Retained earnings

2,893,970

2,432,852

SHAREHOLDERS' FUNDS

2,894,081

2,432,963

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 22 September 2025 and were signed on its behalf by:

Mr S E Vallance - Director

1.	STATUTORY INFORMATION

E. Vallance 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 net amounts invoiced, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property - 2% on cost

Plant and machinery - 25% on cost

Motor vehicles - 10%, 15%, 20% and 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the disposal proceeds and the carrying value of the asset and is credited or charged to Profit and Loss.

Stocks

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

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

The tax currently payable is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income and expenses that are taxable or deductible in other years and it further excludes that are not taxable or deductible.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 defined contribution pension schemes for directors and certain employees. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

Financial instruments

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

Trade and other creditors are initially recognised at the transaction price and are therefore stated at amortised cost using the effective interest method unless the discounting would be immaterial, in which case they are stated at cost.

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2024 - 56 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 February 2024

335,581

265,190

4,401,500

5,002,271

Additions

-

26,684

836,274

862,958

Disposals

-

-

(475,736

)

(475,736

)

At 31 January 2025

335,581

291,874

4,762,038

5,389,493

DEPRECIATION

At 1 February 2024

36,460

217,350

2,867,890

3,121,700

Charge for year

6,687

17,790

490,596

515,073

Eliminated on disposal

-

-

(445,237

)

(445,237

)

At 31 January 2025

43,147

235,140

2,913,249

3,191,536

NET BOOK VALUE

At 31 January 2025

292,434

56,734

1,848,789

2,197,957

At 31 January 2024

299,121

47,840

1,533,610

1,880,571

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2024

1,792,833

Additions

469,500

Transfer to ownership

(618,950

)

At 31 January 2025

1,643,383

DEPRECIATION

At 1 February 2024

860,171

Charge for year

269,697

Transfer to ownership

(526,624

)

At 31 January 2025

603,244

NET BOOK VALUE

At 31 January 2025

1,040,139

At 31 January 2024

932,662

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

782,402

754,975

Other debtors

2,884

3,426

Prepayments

117,972

112,542

903,258

870,943

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

-

16,844

Hire purchase contracts (see note 8)

386,079

296,707

Trade creditors

333,591

332,139

Taxation and social security

373,613

158,209

Other creditors

205,014

115,388

1,298,297

919,287

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

-

15,729

Hire purchase contracts (see note 8)

588,790

589,189

588,790

604,918

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.1.25

31.1.24

£

£

Net obligations repayable:

Within one year

386,079

296,707

Between one and five years

588,790

589,189

974,869

885,896

Non-cancellable

operating leases

31.1.25

31.1.24

£

£

Within one year

41,500

57,000

Between one and five years

-

36,500

41,500

93,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

-

32,573

Hire purchase contracts

974,869

885,896

974,869

918,469

The hire purchase contracts are secured by fixed charges over the assets subject to the hire purchase contracts.

10.	CAPITAL COMMITMENTS

31.1.25

31.1.24

£

£

Contracted but not provided for in the

financial statements

466,661

900,000