Company Registration No. 05246494 (England and Wales)
System 7 Transport Services Limited
Unaudited accounts
for the year ended 31 March 2026
System 7 Transport Services Limited
Unaudited accounts
Contents
System 7 Transport Services Limited
Company Information
for the year ended 31 March 2026
Company Number
05246494 (England and Wales)
Registered Office
29 Weaver Moss
Sandhurst
Berkshire
GU47 9BQ
England
Accountants
James Norman Business Advisory Limited
Castle Hill House
12 Castle Hill
Windsor
SL4 1PD
System 7 Transport Services Limited
Statement of financial position
as at 31 March 2026
Tangible assets
447,430
362,892
Cash at bank and in hand
29,500
56,427
Creditors: amounts falling due within one year
(158,716)
(117,768)
Net current assets
95,341
78,000
Total assets less current liabilities
542,771
440,892
Creditors: amounts falling due after more than one year
(160,761)
(82,740)
Provisions for liabilities
Deferred tax
(109,172)
(85,844)
Net assets
272,838
272,308
Called up share capital
100
100
Profit and loss account
272,738
272,208
Shareholders' funds
272,838
272,308
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 May 2026 and were signed on its behalf by
Keith Bridges
Director
Company Registration No. 05246494
System 7 Transport Services Limited
Notes to the Accounts
for the year ended 31 March 2026
System 7 Transport Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05246494. The registered office is 29 Weaver Moss, Sandhurst, Berkshire, GU47 9BQ, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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 accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Reducing Balance
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
33% Straight Line
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
System 7 Transport Services Limited
Notes to the Accounts
for the year ended 31 March 2026
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
3
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
8,800
521
538,481
10,742
558,544
Additions
-
1,108
212,575
2,082
215,765
Disposals
-
-
(116,500)
-
(116,500)
At 31 March 2026
8,800
1,629
634,556
12,824
657,809
At 1 April 2025
2,385
95
182,885
10,287
195,652
Charge for the year
642
233
76,373
543
77,791
On disposals
-
-
(63,064)
-
(63,064)
At 31 March 2026
3,027
328
196,194
10,830
210,379
At 31 March 2026
5,773
1,301
438,362
1,994
447,430
At 31 March 2025
6,415
426
355,596
455
362,892
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
293,074
150,758
Amounts falling due within one year
Trade debtors
145,017
88,498
Accrued income and prepayments
25,351
15,211
Other debtors
54,189
35,632
System 7 Transport Services Limited
Notes to the Accounts
for the year ended 31 March 2026
5
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
11,958
6,160
Obligations under finance leases and hire purchase contracts
42,782
15,889
Taxes and social security
10,950
15,820
Other creditors
58,613
61,310
6
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
83,996
46,705
Allotted, called up and fully paid:
80 Ordinary shares of £1 each
80
80
20 Ordinary B shares of £1 each
20
20
8
Operating lease commitments
2026
2025
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
16,007
15,687
Later than one year and not later than five years
7,639
14,918
9
Average number of employees
During the year the average number of employees was 6 (2025: 5).