Fernley Transport Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03930290 (England and Wales)

Fernley Transport Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTORS:

D K Wilcox

A R Wilcox

SECRETARY:

M P Allen

REGISTERED OFFICE:

Marshalls Yard

Trout Road

West Drayton

Middlesex

UB7 7RS

REGISTERED NUMBER:

03930290 (England and Wales)

ACCOUNTANTS:

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fernley Transport Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fernley Transport Limited, as a body, in accordance with the terms of our engagement letter dated 29 August 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Fernley Transport Limited and state those matters that we have agreed to state to the Board of Directors of Fernley Transport Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fernley Transport Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fernley Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fernley Transport Limited. You consider that Fernley Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fernley Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

23 December 2025

FIXED ASSETS

Tangible assets

4

263,167

291,219

CURRENT ASSETS

Debtors

5

511,624

530,808

Cash at bank and in hand

349,646

215,182

861,270

745,990

CREDITORS

Amounts falling due within one year

6

258,029

154,164

NET CURRENT ASSETS

603,241

591,826

TOTAL ASSETS LESS CURRENT
LIABILITIES

866,408

883,045

CREDITORS

Amounts falling due after more than one year

7

(26,507

)

(112,675

)

PROVISIONS FOR LIABILITIES

(65,792

)

(101,998

)

NET ASSETS

774,109

668,372

CAPITAL AND RESERVES

Called up share capital

25,800

Share premium

42,000

Capital redemption reserve

17,200

Retained earnings

689,109

583,372

774,109

668,372

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

A R Wilcox - Director

1.	STATUTORY INFORMATION

Fernley 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.

Site Improvements

-

at varying rates on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

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 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 29 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Site

Plant and

Motor

Computer

Improvements

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

136,347

458,466

283,473

-

878,286

Additions

-

2,504

24,500

2,546

29,550

Reclassification/transfer

-

(148,357

)

148,357

-

At 31 March 2025

136,347

312,613

456,330

2,546

907,836

DEPRECIATION

At 1 April 2024

87,885

389,376

109,806

-

587,067

Charge for year

3,013

501

53,452

636

57,602

Reclassification/transfer

-

(79,267

)

79,267

-

At 31 March 2025

90,898

310,610

242,525

636

644,669

NET BOOK VALUE

At 31 March 2025

45,449

2,003

213,805

1,910

263,167

At 31 March 2024

48,462

69,090

173,667

-

291,219

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

487,003

520,007

Other debtors

24,621

10,801

511,624

530,808

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

2,915

-

Hire purchase contracts

40,472

-

Trade creditors

25,023

25,868

Taxation and social security

149,195

106,239

Other creditors

40,424

22,057

258,029

154,164

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

740

23,373

Hire purchase contracts

25,767

89,302

26,507

112,675

8.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount due to the Directors of the company. The amounts due at the year end are as follows: Mr D K Wilcox £4,058.72 and Mr A R Wilcox £2,435.08.

9.	ULTIMATE CONTROLLING PARTY

The controlling party and the ultimate controlling party are not known.