REGISTERED NUMBER: 14874558 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Sam Gregory Transport Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S M Gregory

SECRETARY:

REGISTERED OFFICE:

13 Sherborne Road

Bedfont

Feltham

TW14 8ES

REGISTERED NUMBER:

14874558 (England and Wales)

ACCOUNTANT:

Robert Thorne FCCA

Chartered Certified Accountant

The Annex

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

FIXED ASSETS

Tangible assets

4

18,629

6,700

CURRENT ASSETS

Debtors

5

54,545

42,053

Cash at bank and in hand

1,617

6,990

56,162

49,043

CREDITORS

Amounts falling due within one year

6

85,364

59,360

NET CURRENT LIABILITIES

(29,202

)

(10,317

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,573

)

(3,617

)

CREDITORS

Amounts falling due after more than one year

7

10,813

-

NET LIABILITIES

(21,386

)

(3,617

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(21,387

)

(3,618

)

(21,386

)

(3,617

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 May 2026 and were signed by:

S M Gregory - Director

1.	STATUTORY INFORMATION

Sam Gregory 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.

Turnover

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

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.

Taxation

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

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

8,000

Additions

16,297

At 31 May 2025

24,297

DEPRECIATION

At 1 June 2024

1,300

Charge for year

4,368

At 31 May 2025

5,668

NET BOOK VALUE

At 31 May 2025

18,629

At 31 May 2024

6,700

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

8,450

At 31 May 2025

8,450

DEPRECIATION

Charge for year

1,878

At 31 May 2025

1,878

NET BOOK VALUE

At 31 May 2025

6,572

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade debtors

53,402

42,053

Other debtors

1,143

-

54,545

42,053

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans and overdrafts

10,190

-

Hire purchase contracts

4,407

-

Trade creditors

64,407

43,819

Taxation and social security

-

3,542

Other creditors

6,360

11,999

85,364

59,360

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans

9,102

-

Hire purchase contracts

1,711

-

10,813

-