Registration number: 04590195

Three Lanes Transport Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Three Lanes Transport Limited

Company Information

Director

Mrs H L Lane

Company secretary

Mrs H L Lane

Registered office

Higher Bussow Farm Towednack St Ives Cornwall TR26 3BB

Accountants

D.J. Reynolds & Co. Chartered Accountants15 Alverton Street Penzance Cornwall TR18 2QP

Three Lanes Transport Limited

(Registration number: 04590195)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	50,608	37,570
Investment property	5	467,187	442,187
		517,795	479,757
Current assets
Stocks	6	350	350
Debtors	7	15,185	12,994
Cash at bank and in hand		108	58
		15,643	13,402
Creditors: Amounts falling due within one year	8	(109,501)	(543,340)
Net current liabilities		(93,858)	(529,938)
Total assets less current liabilities		423,937	(50,181)
Creditors: Amounts falling due after more than one year	8	(509,183)	(12,000)
Net liabilities		(85,246)	(62,181)
Capital and reserves
Called up share capital	9	1	1
Retained earnings		(85,247)	(62,182)
Shareholders' deficit		(85,246)	(62,181)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 May 2026
 

......................................... Mrs H L Lane Company secretary and director

Three Lanes Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

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

The address of its registered office is:
Higher Bussow Farm
Towednack
St Ives
Cornwall
TR26 3BB

These financial statements were authorised for issue by the director on 22 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

Going concern

The company has incurred losses during the comparative periods and its net liabilities exceeded its net assets in those periods. Accordingly, a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. The director has nevertheless assured ongoing financial support to enable the company to meet its liabilities as they fall due..

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of sale of goods and services to customers.

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.

Three Lanes Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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
Motor vehicles	12.5% straight line

Investment property

Investment property is carried at fair value. Changes in fair value are recognised in profit or loss. As the property was still under conversion during the year, it is included at cost at the year end.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.

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.

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.

Three Lanes Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 7).

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 March 2024	105,908	2,724	108,632
Additions	30,640	-	30,640
At 28 February 2025	136,548	2,724	139,272
Depreciation
At 1 March 2024	68,548	2,514	71,062
Charge for the year	17,532	70	17,602
At 28 February 2025	86,080	2,584	88,664
Carrying amount
At 28 February 2025	50,468	140	50,608
At 29 February 2024	37,360	210	37,570

5	Investment properties

	2025 £
At 1 March	442,187
Additions	25,000
At 28 February	467,187

There has been no valuation of investment property by an independent valuer.

Three Lanes Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Stocks

	2025 £	2024 £
Consumables	350	350

7

Debtors

Current	2025 £	2024 £
Trade debtors	14,416	12,038
Prepayments	769	956
	15,185	12,994

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	40,315	29,268
Taxation and social security		53,277	45,998
Accruals and deferred income		2,783	3,076
Other creditors		13,126	464,998
		109,501	543,340