Litlington Transport Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00456043 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Litlington Transport Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G F Foulger

T Foulger

REGISTERED OFFICE:

Melda Farm

Bury Lane

Melbourn

Royston

Hertfordshire

SG8 6DF

REGISTERED NUMBER:

00456043 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

496,471

493,552

Investments

5

200,000

696,471

693,552

CURRENT ASSETS

Debtors

6

77,016

74,524

Cash at bank and in hand

73,692

116,785

150,708

191,309

CREDITORS

Amounts falling due within one year

7

85,395

92,256

NET CURRENT ASSETS

65,313

99,053

TOTAL ASSETS LESS CURRENT
LIABILITIES

761,784

792,605

CREDITORS

Amounts falling due after more than one
year

8

(1,667

)

(11,671

)

PROVISIONS FOR LIABILITIES

9

(9,210

)

(10,366

)

NET ASSETS

750,907

770,568

CAPITAL AND RESERVES

Called up share capital

10

6,500

Share premium

198,500

Retained earnings

545,907

565,568

SHAREHOLDERS' FUNDS

750,907

770,568

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

G F Foulger - Director

1.	STATUTORY INFORMATION

Litlington Transport Company 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.

Preparation of consolidated financial statements

The financial statements contain information about Litlington Transport Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents amounts invoiced for work done, excluding value added tax.

Tangible fixed assets

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

Freehold buildings - 1% on straight line

Plant and equipment - 10% on reducing balance

Motor vehicles - 25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Buildings

property

machinery

vehicles

Totals

£

COST

At 1 April 2024

475,267

-

75,069

10,330

560,666

Additions

-

8,250

-

8,250

At 31 March 2025

475,267

8,250

75,069

10,330

568,916

DEPRECIATION

At 1 April 2024

23,179

-

36,793

7,142

67,114

Charge for year

706

-

3,828

797

5,331

At 31 March 2025

23,885

-

40,621

7,939

72,445

NET BOOK VALUE

At 31 March 2025

451,382

8,250

34,448

2,391

496,471

At 31 March 2024

452,088

-

38,276

3,188

493,552

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

200,000

NET BOOK VALUE

At 31 March 2025

200,000

At 31 March 2024

200,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

15,076

8,806

Other debtors

37,218

62,218

Directors' loan accounts

15,453

-

Prepayments

9,269

3,500

77,016

74,524

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,000

9,996

Trade creditors

25,699

27,364

Tax

14,864

18,193

Social security and other taxes

145

6,117

Pension control account

-

1,178

Other creditors

23,831

24,143

Accrued expenses

10,856

5,265

85,395

92,256

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

1,667

9,996

Bank loans - 2-5 years

-

1,675

1,667

11,671

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

9,210

10,366

Deferred

tax

£

Balance at 1 April 2024

10,366

Utilised during year

(1,156

)

Accelerated capital allowances

Balance at 31 March 2025

9,210

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

3,555

Ordinary A

£1

3,555

2,945

Ordinary B

£1

2,945

6,500

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

G F Foulger

Balance outstanding at start of year

-

Amounts advanced

20,000

-

Amounts repaid

(4,547

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

15,453

-