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Company Registration No. 11978749 (England and Wales)
P Wallis Transport Ltd Unaudited accounts for the year ended 31 May 2025
P Wallis Transport Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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P Wallis Transport Ltd Company Information for the year ended 31 May 2025
Director
Mr P Wallis
Company Number
11978749 (England and Wales)
Registered Office
64 BERNADETTE AVENUE ANLABY COMMON HULL EAST YORKSHIRE HU4 7PZ UNITED KINGDOM
Accountants
Westlands Chartered Accountants McMillan House 6 Wolfreton Drive Anlaby East Riding of Yorkshire HU10 7BY
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P Wallis Transport Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Current assets
Cash at bank and in hand
21,575
23,496
Creditors: amounts falling due within one year
4
(3,428)
(4,153)
Net current assets
18,147
19,343
Total assets less current liabilities
18,147
19,343
Creditors: amounts falling due after more than one year
5
(1,747)
(2,865)
Net assets
16,400
16,478
Capital and reserves
Called up share capital
1
1
Profit and loss account
16,399
16,477
Shareholders' funds
16,400
16,478
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 8 October 2025 and were signed on its behalf by
Mr P Wallis Director Company Registration No. 11978749
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P Wallis Transport Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
P Wallis Transport Ltd is a private company, limited by shares, registered in England and Wales, registration number 11978749. The registered office is 64 BERNADETTE AVENUE, ANLABY COMMON, HULL, EAST YORKSHIRE, HU4 7PZ, UNITED KINGDOM.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,100
1,100
Taxes and social security
1,878
2,530
Loans from directors
-
73
Accruals
450
450
3,428
4,153
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,747
2,865
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P Wallis Transport Ltd Notes to the Accounts for the year ended 31 May 2025
6
Transactions with related parties
At the balance sheet date the company owed the director, Mr P Wallis, £Nil (2024; £73). By the way of an interest free loan, the loan is repayable upon demand.
7
Controlling party
The company is under the control of Mr P Wallis, the sole director and shareholder of the company.
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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