Company Registration No. 10062264 (England and Wales)
Luke Garrett Transport Limited
Accounts
for the year ended 31 March 2025
Luke Garrett Transport Limited
Accounts
Contents
Luke Garrett Transport Limited
Company Information
for the year ended 31 March 2025
Directors
Luke Garrett
Lisa Garrett
Company Number
10062264 (England and Wales)
Registered Office
1 Manor Gardens
Holcombe
Radstock
BA3 5DW
United Kingdom
Accountants
Mendip Accountancy Ltd
Mendip Lodge
30 Rodden Road
Frome
Somerset
BA11 2AH
Luke Garrett Transport Limited
Statement of financial position
as at 31 March 2025
Tangible assets
133,368
182,814
Cash at bank and in hand
4,420
17,788
Creditors: amounts falling due within one year
(198,583)
(179,424)
Net current liabilities
(60,010)
(53,113)
Total assets less current liabilities
73,358
129,701
Creditors: amounts falling due after more than one year
(37,457)
(70,730)
Called up share capital
2
2
Profit and loss account
35,899
58,969
Shareholders' funds
35,901
58,971
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by
Luke Garrett
Director
Company Registration No. 10062264
Luke Garrett Transport Limited
Notes to the Accounts
for the year ended 31 March 2025
Luke Garrett Transport Limited is a private company, limited by shares, registered in England and Wales, registration number 10062264. The registered office is 1 Manor Gardens, Holcombe, Radstock, BA3 5DW, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
29,794
361,259
147
391,200
At 31 March 2025
29,794
361,259
147
391,200
At 1 April 2024
12,560
195,728
98
208,386
Charge for the year
2,410
47,020
16
49,446
At 31 March 2025
14,970
242,748
114
257,832
At 31 March 2025
14,824
118,511
33
133,368
At 31 March 2024
17,234
165,531
49
182,814
Amounts falling due within one year
Trade debtors
96,653
88,023
Luke Garrett Transport Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
22,465
30,953
Obligations under finance leases and hire purchase contracts
45,325
67,292
Trade creditors
57,439
57,804
Taxes and social security
9,100
10,547
Loans from directors
35,020
3,826
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
37,457
70,730
8
Average number of employees
During the year the average number of employees was 7 (2024: 7).