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Registration number: 10891181

Andrews Transport Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 July 2025

Andrews Transport Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Andrews Transport Ltd

(Registration number: 10891181)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 1,008,299 | 922,200
Current assets |  |  |
Debtors | 6 | 527,061 | 399,172
Cash at bank and in hand |  | 3,939 | -
|  | 531,000 | 399,172
Creditors: Amounts falling due within one year | 7 | (617,843) | (520,792)
Net current liabilities |  | (86,843) | (121,620)
Total assets less current liabilities |  | 921,456 | 800,580
Creditors: Amounts falling due after more than one year | 7 | (687,557) | (637,716)
Provisions for liabilities |  | (158,372) | (157,944)
Net assets |  | 75,527 | 4,920
Capital and reserves |  |  |
Called up share capital | 8 | 200 | 200
Retained earnings |  | 75,327 | 4,720
Shareholders' funds |  | 75,527 | 4,920

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 10 April 2026 and signed on its behalf by:

Mrs K L Andrews Director | Mr M A Andrews Director |

Andrews Transport Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
25 Midgley Road
Burley In Wharefedale
ilkley
LS29 7NH

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Andrews Transport Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% straight line
Office equipment | 33% straight line
Fixtures & fittings | 25% straight line
Leasehold improvements | 20% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Andrews Transport Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 8).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 183,752 | 145,639

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 August 2024 | 11,711 | 2,473 | 1,342,976 | 1,357,160
Additions | - | 7,395 | 287,840 | 295,235
Disposals | - | - | (165,415) | (165,415)
At 31 July 2025 | 11,711 | 9,868 | 1,465,401 | 1,486,980
Depreciation
At 1 August 2024 | 3,896 | 1,532 | 520,446 | 525,874
Charge for the year | 2,342 | 1,342 | 89,154 | 92,838
Eliminated on disposal | - | - | (140,031) | (140,031)
At 31 July 2025 | 6,238 | 2,874 | 469,569 | 478,681
Carrying amount
At 31 July 2025 | 5,473 | 6,994 | 995,832 | 1,008,299
At 31 July 2024 | 7,815 | 941 | 913,444 | 922,200

Included within the net book value of land and buildings above is £5,473 (2024 - £7,815) in respect of short leasehold land and buildings.

Andrews Transport Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 348,937 | 272,677
Prepayments | 1,515 | 1,512
Other debtors | 176,609 | 124,983
| 527,061 | 399,172

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 407,841 | 360,296
Trade creditors |  | 135,704 | 103,644
Taxation and social security |  | 43,524 | 17,347
Other creditors |  | 30,774 | 39,505
|  | 617,843 | 520,792

Andrews Transport Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 687,557 | 637,716

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100
A Ordinary shares of £1 each | 70 | 70 | 70 | 70
B Ordinary shares of £1 each | 20 | 20 | 20 | 20
C Ordinary shares of £1 each | 5 | 5 | 5 | 5
D Ordinary shares of £1 each | 5 | 5 | 5 | 5
| 200 | 200 | 200 | 200