BSI Transport Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04819612

BSI TRANSPORT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 July 2025

BSI TRANSPORT LIMITED

BALANCE SHEET

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		2,483,614		2,133,281

Current assets

Debtors	6	1,494,371	1,424,565
Cash at bank and in hand		212,273	80,814
		-----------	-----------
		1,706,644	1,505,379

Creditors: amounts falling due within one year	7	( 1,358,505)		( 1,235,854)
		-----------		-----------
Net current assets			348,139		269,525
			-----------		-----------
Total assets less current liabilities			2,831,753		2,402,806

Creditors: amounts falling due after more than one year	8		( 1,062,857)		( 952,826)

Provisions

Taxation including deferred tax	( 322,798)	( 213,599)
	-----------	-----------
Net assets	1,446,098	1,236,381
	-----------	-----------

Capital and reserves

Called up share capital	9	1,000	1,000
Profit and loss account		1,445,098	1,235,381
		-----------	-----------
Shareholders funds		1,446,098	1,236,381
		-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 July 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 July 2026 , and are signed on behalf of the board by:

B Smith

Director

Company registration number: 04819612

BSI TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Milton Trade Estate, Gayton Road, Milton Malsor, Northampton, NN7 3AB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where necessary revenue due is accrued in line with the value of the services provided under contracts to the extent that there is also a right to consideration.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	15% reducing balance / over life of lease
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade, other payables, obligations under hire purchase contracts and finance lease agreements, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Trade payables 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 payment is due within one year of less. If not, then they are presented as non-current liabilities. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 38 (2024: 36 ).

5. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024	826,391	526,701	1,850,698	3,691	3,207,481
Additions	–	176,652	475,945	681	653,278
Disposals	–	( 10,650)	( 72,976)	–	( 83,626)
	--------	--------	-----------	------	-----------
At 31 July 2025	826,391	692,703	2,253,667	4,372	3,777,133
	--------	--------	-----------	------	-----------
Depreciation
At 1 August 2024	–	217,782	855,091	1,327	1,074,200
Charge for the year	–	56,597	214,117	829	271,543
Disposals	–	( 7,235)	( 44,989)	–	( 52,224)
	--------	--------	-----------	------	-----------
At 31 July 2025	–	267,144	1,024,219	2,156	1,293,519
	--------	--------	-----------	------	-----------
Carrying amount
At 31 July 2025	826,391	425,559	1,229,448	2,216	2,483,614
	--------	--------	-----------	------	-----------
At 31 July 2024	826,391	308,919	995,607	2,364	2,133,281
	--------	--------	-----------	------	-----------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,367,257	1,286,097
Other debtors	127,114	138,468
	-----------	-----------
	1,494,371	1,424,565
	-----------	-----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other loans	50,000	50,000
Bank loans and overdrafts	22,902	23,462
Trade creditors	686,075	583,066
Accruals and deferred income	13,436	11,246
Social security and other taxes	151,311	181,124
Obligations under finance leases and hire purchase contracts	328,343	309,849
Director loan accounts	85,546	57,139
Other creditors	20,892	19,968
	-----------	-----------
	1,358,505	1,235,854
	-----------	-----------

Obligations under finance leases and hire purchase contracts of £328,343 (2024: £309,849) are secured on the assets to which they relate. Other loans of £50,000 (2024: £50,000) are secured by a fixed charge over the asset to which it relates.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other loans	250,000	300,000
Bank loans and overdrafts	20,236	43,548
Obligations under finance leases and hire purchase contracts	792,621	609,278
	-----------	--------
	1,062,857	952,826
	-----------	--------

Included within creditors: amounts falling due after more than year is an amount of £100,000 (2024: £150,000) in respect of liabilities payable or repayable by instalment which fall due for payment after more than five years from the reporting date. Obligations under finance leases and hire purchase contracts of £792,621 (2024: £609,278) are secured on the assets to which they relate. Other loans of £250,000 (2024: £300,000) are secured by a fixed charge over the asset to which it relates.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	------	------	------	------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	123,092	205,508
Later than 1 year and not later than 5 years	196,500	319,592
	--------	--------
	319,592	525,100
	--------	--------