T & TA Park (Transport) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05158817

T & TA Park (Transport) Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

T & TA Park (Transport) Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		309,811		356,471

Current assets

Stocks		40,021	39,245
Debtors	6	246,816	308,157
		----------	----------
		286,837	347,402

Creditors: amounts falling due within one year	7	382,786		371,089
		----------		----------
Net current liabilities			95,949		23,687
			----------		----------
Total assets less current liabilities			213,862		332,784

Creditors: amounts falling due after more than one year	8		3,794		56,825

Provisions

Taxation including deferred tax	50,299	61,729
	----------	----------
Net assets	159,769	214,230
	----------	----------

Capital and reserves

Called up share capital	28,000	28,000
Profit and loss account	131,769	186,230
	----------	----------
Shareholder funds	159,769	214,230
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

T & TA Park (Transport) Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 16 October 2025 , and are signed on behalf of the board by:

Mr TA Park

Director

Company registration number: 05158817

T & TA Park (Transport) Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Low Well Farm, Wheldrake Lane, Crockey Hill, York, YO19 4SG, North Yorkshire.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered and goods supplied, net of discounts and Value Added Tax. Revenue from the provision of services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

(d) Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15% and 33% reducing balance
Lorries and trailers	-	20% and 10% reducing balance

(g) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(h) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(i) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 26 (2024: 28 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Office equipment	Lorries and trailers	Total
	£	£	£	£	£
Cost
At 1 April 2024	90,912	4,125	27,364	889,145	1,011,546
Additions	9,118	–	292	–	9,410
Disposals	( 350)	–	( 334)	( 59,450)	( 60,134)
	--------	-------	--------	----------	-------------
At 31 March 2025	99,680	4,125	27,322	829,695	960,822
	--------	-------	--------	----------	-------------
Depreciation
At 1 April 2024	37,876	1,674	20,136	595,389	655,075
Charge for the year	6,052	613	1,325	36,560	44,550
Disposals	( 228)	–	( 331)	( 48,055)	( 48,614)
	--------	-------	--------	----------	-------------
At 31 March 2025	43,700	2,287	21,130	583,894	651,011
	--------	-------	--------	----------	-------------
Carrying amount
At 31 March 2025	55,980	1,838	6,192	245,801	309,811
	--------	-------	--------	----------	-------------
At 31 March 2024	53,036	2,451	7,228	293,756	356,471
	--------	-------	--------	----------	-------------

6. Debtors

	2025	2024
	£	£
Trade debtors	246,816	308,157
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	97,312	134,765
Trade creditors	233,995	170,933
Directors loan accounts	51,479	65,391
	----------	----------
	382,786	371,089
	----------	----------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	3,794	56,825
	-------	--------

9. Related party transactions

During the year the directors had a loan account with the company with a balance of £ 51,479 (2024 £65,391).