REGISTERED NUMBER: 11765709 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

APC TRANSPORT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J K Cruddas

REGISTERED OFFICE:

15 Wheeldale Court

Bridlington

East Yorkshire

YO16 6RU

REGISTERED NUMBER:

11765709 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

158,985

98,738

CURRENT ASSETS

Debtors

5

104,783

99,778

Cash at bank

6,483

10,719

111,266

110,497

CREDITORS

Amounts falling due within one year

6

137,425

104,633

NET CURRENT (LIABILITIES)/ASSETS

(26,159

)

5,864

TOTAL ASSETS LESS CURRENT LIABILITIES

132,826

104,602

CREDITORS

Amounts falling due after more than one year

7

(126,400

)

(99,141

)

PROVISIONS FOR LIABILITIES

(6,166

)

(5,422

)

NET ASSETS

260

39

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

259

38

SHAREHOLDERS' FUNDS

260

39

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 5 May 2026 and were signed by:

J K Cruddas - Director

1.	STATUTORY INFORMATION

APC Transport Ltd 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.

The company ceased trading after the year end; therefore, these accounts have been prepared on a basis other than a going concern.

Turnover

Turnover represents haulage services and is recognised on the completion of work performed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the statement of income and retained earnings over the period to which they relate.

Pension costs and other post-retirement benefits

The company has implemented an auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2023

153,955

Additions

99,800

At 30 April 2024

253,755

DEPRECIATION

At 1 May 2023

55,217

Charge for year

39,553

At 30 April 2024

94,770

NET BOOK VALUE

At 30 April 2024

158,985

At 30 April 2023

98,738

The net book value of tangible fixed assets includes £ 131,486 (2023 - £ 74,273 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.24

30.4.23

£

£

Trade debtors

57,723

52,751

Other debtors

47,060

47,027

104,783

99,778

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.24

30.4.23

£

£

Bank loans and overdrafts

22,200

7,200

Hire purchase contracts

48,549

38,367

Trade creditors

17,800

32,226

Taxation and social security

40,478

23,623

Other creditors

8,398

3,217

137,425

104,633

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.24

30.4.23

£

£

Bank loans

51,901

52,104

Hire purchase contracts

74,499

47,037

126,400

99,141

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.24

30.4.23

£

£

Hire purchase contracts

123,048

85,404

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.24

30.4.23

value:

£

£

1

Ordinary

£1

1

1

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24

30.4.23

£

£

A P Cruddas

Balance outstanding at start of year

34,773

12,123

Amounts advanced

-

22,650

Amounts repaid

(243

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,530

34,773