REGISTERED NUMBER: 05102230 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

NORTHCHAPEL TRANSPORT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Shane D D Lucking

SECRETARY:

Miss Rebecca Thomson

REGISTERED OFFICE:

3 Jesse Terrace

Reading

Berkshire

RG1 7RS

REGISTERED NUMBER:

05102230 (England and Wales)

ACCOUNTANTS:

Malcolm J. Greer FCCA, ATT

Chartered Certified Accountant

3 Jesse Terrace

Reading

Berkshire

RG1 7RS

FIXED ASSETS

Tangible assets

4

283,344

408,282

CURRENT ASSETS

Debtors

5

130,591

130,417

Cash at bank

50,753

83,662

181,344

214,079

CREDITORS

Amounts falling due within one year

6

300,069

396,545

NET CURRENT LIABILITIES

(118,725

)

(182,466

)

TOTAL ASSETS LESS CURRENT LIABILITIES

164,619

225,816

CREDITORS

Amounts falling due after more than one year

7

(94,361

)

(203,659

)

PROVISIONS FOR LIABILITIES

9

(11,100

)

-

NET ASSETS

59,158

22,157

CAPITAL AND RESERVES

Called up share capital

10

4

4

Retained earnings

59,154

22,153

SHAREHOLDERS' FUNDS

59,158

22,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

Mr Shane D D Lucking - Director

1.	STATUTORY INFORMATION

Northchapel 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.	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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Office equipment

-

25% on cost

Motor vehicles & trailers

-

20% on cost

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Going concern

The Director confirms that due to the continued financial support provided by the company's shareholder director and bankers, they are satisfied that Nothchapel Transport Limited has adequate resources to continue in business for the foreseeable future. For this reason,he continues to adopt a going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Plant and

Office

vehicles

machinery

equipment

& trailers

Totals

£

£

£

£

COST

At 1 May 2024

32,670

1,339

649,444

683,453

Additions

5,837

-

39,197

45,034

Disposals

-

-

(75,000

)

(75,000

)

At 30 April 2025

38,507

1,339

613,641

653,487

DEPRECIATION

At 1 May 2024

26,362

1,330

247,479

275,171

Charge for year

2,832

-

132,140

134,972

Eliminated on disposal

-

-

(40,000

)

(40,000

)

At 30 April 2025

29,194

1,330

339,619

370,143

NET BOOK VALUE

At 30 April 2025

9,313

9

274,022

283,344

At 30 April 2024

6,308

9

401,965

408,282

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

Motor

vehicles

& trailers

£

COST

At 1 May 2024

594,569

Additions

39,197

Transfer to ownership

(75,000

)

At 30 April 2025

558,766

DEPRECIATION

At 1 May 2024

205,690

Charge for year

108,487

Transfer to ownership

(26,250

)

At 30 April 2025

287,927

NET BOOK VALUE

At 30 April 2025

270,839

At 30 April 2024

388,879

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

107,790

103,626

Employee loan

-

105

Inter company account

11,384

12,235

Deferred tax asset

-

1,039

Prepayments and accrued income

11,417

13,412

130,591

130,417

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

12,426

27,914

Hire purchase contracts (see note 8)

115,232

152,270

Trade creditors

36,309

84,746

Corporation tax

21

-

Social security and other taxes

477

429

VAT

45,240

31,626

Other creditors

52,775

94,313

Net wages creditor

1,597

1,597

Loan from MW Lucking

-

175

Credit card

-

275

Directors' current accounts

31,992

-

Accruals and deferred income

4,000

3,200

300,069

396,545

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans - 1-2 years

-

12,426

Hire purchase contracts (see note 8)

94,361

191,233

94,361

203,659

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

30.4.25

30.4.24

£

£

Net obligations repayable:

Within one year

115,232

152,270

Between one and five years

94,361

191,233

209,593

343,503

Non-cancellable operating

leases

30.4.25

30.4.24

£

£

Within one year

-

1,244

9.	PROVISIONS FOR LIABILITIES

30.4.25

£

Deferred tax

Deferred tax - Accelerated Capital Allowances

53,835

Deferred tax - Unrelieved Loss

(42,735

)

11,100

Deferred

tax

£

Balance at 1 May 2024

(1,039

)

Provided during year

12,139

Balance at 30 April 2025

11,100

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

2

Ordinary A shares

£1

2

2

2

Ordinary B shares

£1

2

2

4

4

The total share capital of the Company has been sub divided into twelve separate classes of ordinary shares labelled A to L inclusive, each class having an authorised share capital of 10,000 £1 shares.

The shares have the same rights and restrictions and rank pari passu in all respects save as regards voting, share classes G to L inclusive shall be entitled to attend any general meeting of the Company but will not be entitled to vote and as regards income, share classes A to L inclusive shall be entitled to payments of varying amounts of dividends as decided by the Company from time to time.

11.	RELATED PARTY DISCLOSURES

The inter company loan balance included within debtors represents a loan to Brookland Transport Limited.

At the year end, the balance due amounted to £11,384 (2024 - £12,235). The loan is repayable on demand and no interest is payable.

Brookland Transport Limited is a related party by virtue of it being controlled by Mr. Shane D.D. Lucking the sole shareholder of Northchapel Transport Limited.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Shane D D Lucking.