Registration number: 03686992

BSB Transport Limited

Contents

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

BSB Transport Limited

(Registration number: 03686992)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	778,657	970,109
Current assets
Stocks	5	80,004	18,306
Debtors	6	683,231	515,545
Cash at bank and in hand		179,409	165,703
		942,644	699,554
Creditors: Amounts falling due within one year	7	(989,833)	(863,767)
Net current liabilities		(47,189)	(164,213)
Total assets less current liabilities		731,468	805,896
Creditors: Amounts falling due after more than one year	7	(30,261)	(41,459)
Provisions for liabilities		(141,228)	(187,264)
Net assets		559,979	577,173
Capital and reserves
Called up share capital	8	2,002	2,002
Retained earnings		557,977	575,171
Shareholders' funds		559,979	577,173

For the financial year ending 31 March 2026 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 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 Board on 19 May 2026 and signed on its behalf by:
 

......................................... R Allen Director

......................................... J A Burns-Salmond Director

BSB Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
Trondhiem Way
Redwood Park Estate
Stallingborough
N E Lincs
DN41 8FD

These financial statements were authorised for issue by the Board on 19 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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

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.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

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 income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

BSB Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the statement of financial position 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	15% and 25% reducing balance
Fixtures and Fittings	15% reducing balance
Motor Vehicles	15% reducing balance
Leasehold land and buildings	25 years straight line

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 associated costs to completion and selling costs,

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 in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

BSB Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Defined contribution pension obligation

The company contributes into a group personal pension scheme on behalf of its employees. The contributions are recognised in the profit and loss account when they fall due.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 26 (2025 - 21).

4	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	268,477	93,508	1,660,797	133,532	2,156,314
Additions	3,045	8,368	-	5,000	16,413
Disposals	-	(38,010)	(95,064)	(19,500)	(152,574)
At 31 March 2026	271,522	63,866	1,565,733	119,032	2,020,153
Depreciation
At 1 April 2025	20,420	64,062	1,070,468	31,255	1,186,205
Charge for the year	10,844	4,229	136,301	25,674	177,048
Eliminated on disposal	-	(32,873)	(78,780)	(10,104)	(121,757)
At 31 March 2026	31,264	35,418	1,127,989	46,825	1,241,496
Carrying amount
At 31 March 2026	240,258	28,448	437,744	72,207	778,657
At 31 March 2025	248,057	29,446	590,329	102,277	970,109

Included within the net book value of land and buildings above is £240,258 (2025 - £248,057) in respect of short leasehold land and buildings.
 

5

Stocks

	2026 £	2025 £
Other inventories	80,004	18,306

6

Debtors

BSB Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Current	2026 £	2025 £
Trade debtors	519,442	428,387
Prepayments	29,939	33,853
Other debtors	133,850	53,305
	683,231	515,545

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	394,239	314,790
Trade creditors		220,657	161,943
Taxation and social security		103,994	101,380
Accruals and deferred income		94,596	108,723
Other creditors		176,347	176,931
		989,833	863,767