REGISTERED NUMBER: 09429249 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

F.G.S.TRANSPORT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Singh

M Singh

SECRETARY:

REGISTERED OFFICE:

40 Ranger Drive

Wolverhampton

West Midlands

WV10 6BZ

REGISTERED NUMBER:

09429249 (England and Wales)

ACCOUNTANTS:

SPS Accounting Ltd

1st Floor

44 Queen Street

Wolverhampton

West Midlands

WV1 3BJ

FIXED ASSETS

Tangible assets

4

658,938

503,584

CURRENT ASSETS

Debtors

5

322,739

190,585

Prepayments and accrued income

3,433

1,747

Cash at bank

2,391

24,704

328,563

217,036

CREDITORS

Amounts falling due within one year

6

385,853

274,259

NET CURRENT LIABILITIES

(57,290

)

(57,223

)

TOTAL ASSETS LESS CURRENT LIABILITIES

601,648

446,361

CREDITORS

Amounts falling due after more than one year

7

356,186

230,327

NET ASSETS

245,462

216,034

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

245,412

215,984

SHAREHOLDERS' FUNDS

245,462

216,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 9 January 2026 and were signed on its behalf by:

K Singh - Director

1.	STATUTORY INFORMATION

F.g.s.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.

Plant and machinery etc

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 February 2024

925,491

Additions

339,160

Disposals

(29,800

)

At 28 February 2025

1,234,851

DEPRECIATION

At 29 February 2024

421,907

Charge for year

164,734

Eliminated on disposal

(10,728

)

At 28 February 2025

575,913

NET BOOK VALUE

At 28 February 2025

658,938

At 28 February 2024

503,584

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

279,807

190,585

Other debtors

42,932

-

322,739

190,585

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,944

-

Hire purchase contracts

176,885

112,039

Trade creditors

35,914

21,039

Taxation and social security

18,639

19,710

Other creditors

143,471

121,471

385,853

274,259

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

53,072

43,221

Hire purchase contracts

303,114

187,106

356,186

230,327