Punjab Transport Services Ltd

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Punjab Transport Services Ltd for the year ended 28 February 2026

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Punjab Transport Services Ltd for the year ended 28 February 2026 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Punjab Transport Services Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Punjab Transport Services Ltd and state those matters that we have agreed to state to the directors of Punjab Transport Services Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Punjab Transport Services Ltd and its directors, as a body, for our work or for this report.

It is your duty to ensure that Punjab Transport Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Punjab Transport Services Ltd . You consider that Punjab Transport Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Punjab Transport Services Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

10/08/2026

Ellis Lloyd Jones LLP

Chartered Accountants

11 Park Square

Newport

NP20 4EL

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Punjab Transport Services Ltd

Balance Sheet

As At 28 February 2026

Balance Sheet

Registered number: 13171551

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		159,901		134,629

			159,901		134,629
CURRENT ASSETS
Debtors	5	33,400		42,317
Cash at bank and in hand		112,281		25,760

		145,681		68,077
Creditors: Amounts Falling Due Within One Year	6	(150,715 )		(124,124 )

NET CURRENT ASSETS (LIABILITIES)			(5,034 )		(56,047 )

TOTAL ASSETS LESS CURRENT LIABILITIES			154,867		78,582

Creditors: Amounts Falling Due After More Than One Year	7		(15,412 )		(43,396 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(27,301 )		(1,220 )

NET ASSETS			112,154		33,966

CAPITAL AND RESERVES
Called up share capital	9		13,000		13,000
Profit and Loss Account			99,154		20,966

SHAREHOLDERS' FUNDS			112,154		33,966

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Punjab Transport Services Ltd

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D Yugraj Singh Director	Mr S Sukhdeep Director
09/08/2026

The notes on pages 4 to 6 form part of these financial statements.

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Punjab Transport Services Ltd

Notes to the Financial Statements

For The Year Ended 28 February 2026

Notes to the Financial Statements

1. General Information

Punjab Transport Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13171551 . The registered office is 33 Caradoc Street, Cwmcarn, NP11 7EF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Punjab Transport Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 March 2025	95,865	162,845	258,710
Additions	250	59,950	60,200

As at 28 February 2026	96,115	222,795	318,910

Depreciation
As at 1 March 2025	39,887	84,194	124,081
Provided during the period	14,016	20,912	34,928

As at 28 February 2026	53,903	105,106	159,009

Net Book Value
As at 28 February 2026	42,212	117,689	159,901

As at 1 March 2025	55,978	78,651	134,629

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	28,825	40,721
Other debtors	4,575	1,596

	33,400	42,317

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	27,984	47,233
Trade creditors	63,393	13,615
Other creditors	46,993	56,536
Taxation and social security	12,345	6,740

	150,715	124,124

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Punjab Transport Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	15,412	43,396

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	27,984	47,233
Later than one year and not later than five years	15,412	43,396

	43,396	90,629

	43,396	90,629

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	13,000	13,000

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