REGISTERED NUMBER: 16472236 (England and Wales)

Unaudited Financial Statements

for the Period 23 May 2025 to 31 May 2026

for

Downshift Transport Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

10,704

CURRENT ASSETS

Cash at bank

1,550

CREDITORS

Amounts falling due within one year

5

22,295

NET CURRENT LIABILITIES

(20,745

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,041

)

PROVISIONS FOR LIABILITIES

2,034

NET LIABILITIES

(12,075

)

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

(12,175

)

(12,075

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 July 2026 and were signed by:

Mr K P Dyer - Director

1.	STATUTORY INFORMATION

Downshift Transport Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

16472236

Registered office:

18-20 High Street

Stevenage

Hertfordshire

SG1 3EJ

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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:

Plant and machinery - 33% reducing balance

Computer equipment - 25% Straight line

Taxation

Taxation for the period 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 period 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of the business. Trade debtors are recognised at the transaction price. Trade debtors are reviewed annually for any bad debts and any adjustment is made through the profit and loss.

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, they are presented as non-current liabilities.

Going concern

At the balance sheet date the company had net current liabilities of £20,745 and retained losses of £12,175. The directors have pledged to continue to financially support the company for the foreseeable future. On this basis, the directors feel it is appropriate to prepare these financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

Additions

9,750

2,152

11,902

At 31 May 2026

9,750

2,152

11,902

DEPRECIATION

Charge for period

660

538

1,198

At 31 May 2026

660

538

1,198

NET BOOK VALUE

At 31 May 2026

9,090

1,614

10,704

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

1

Other creditors

22,294

22,295

6.	CALLED UP SHARE CAPITAL

Allotted, called up and fully paid shares

2026

No.

£

Ordinary shares of £1 each

100

100

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 May 2026:

£

Mr K P Dyer

Balance outstanding at start of period

-

Amounts advanced

100

Amounts repaid

(16,712

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(16,612

)

This loan is repayable on demand and interest is charged at the market rate.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K P Dyer.