REGISTERED NUMBER: 08381980 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

RUTLAND TRANSPORT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P E Wright

SECRETARY:

K H Wright

REGISTERED OFFICE:

Unit A

158 Barkby Road

Leicester

Leicestershire

LE4 9LF

REGISTERED NUMBER:

08381980 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

Unit 2 Charnwood Edge Business Park

Syston Road, Leicester

LE7 4UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Tangible assets

4

139,326

176,944

CURRENT ASSETS

Debtors

5

169,108

206,603

Cash at bank

30,755

57,623

199,863

264,226

CREDITORS

Amounts falling due within one year

6

(76,335

)

(106,959

)

NET CURRENT ASSETS

123,528

157,267

TOTAL ASSETS LESS CURRENT LIABILITIES

262,854

334,211

CREDITORS

Amounts falling due after more than one year

7

(53,741

)

(98,480

)

PROVISIONS FOR LIABILITIES

(25,875

)

(31,850

)

NET ASSETS

183,238

203,881

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

182,238

202,881

183,238

203,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 January 2026 and were signed by:

P E Wright - Director

1.	STATUTORY INFORMATION

Rutland Transport Limited is a limited company, registered in England and Wales. Its registered office address is Unit A, 158 Barkby Road, Leicester,Leicestershire, England, LE4 9LF and the registered number is 08381980.

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.

The presentation currency of the financial statements is pound sterling (£) and figures are rounded to the nearest £1.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, from the transportation of goods, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the cost incurred and the costs to complete the contract can be measured reliably

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

10% straight line

Motor vehicles

-

15% straight line and 12.5% on cost

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

14,447

298,109

312,556

DEPRECIATION

At 1 June 2024

7,462

128,150

135,612

Charge for year

1,440

36,178

37,618

At 31 May 2025

8,902

164,328

173,230

NET BOOK VALUE

At 31 May 2025

5,545

133,781

139,326

At 31 May 2024

6,985

169,959

176,944

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

63,799

75,077

Amounts owed by associates

77,363

88,163

Other debtors

-

1

Directors' current accounts

-

9,995

Prepayments and accrued income

27,946

33,367

169,108

206,603

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,289

10,000

Hire purchase contracts

33,072

33,072

Trade creditors

19,442

35,021

Amounts owed to associates

-

10,846

Corporation tax

1

-

Social security and other taxes

3,302

5,014

VAT

9,749

10,439

Other creditors

615

792

Accruals and deferred income

1,865

1,775

76,335

106,959

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

11,667

Hire purchase contracts

53,741

86,813

53,741

98,480

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

86,813

119,885

Obligations under hire purchase contracts are secured on the assets concerned.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

P E Wright

Balance outstanding at start of year

9,995

-

Amounts advanced

-

9,995

Amounts repaid

(9,995

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

9,995