John Beaty Transport Limited


Directors	Mrs D E Beaty
	Mr S W Beaty


Registered Address	Station View
	Greystoke Road
	Penrith
	CA11 0BX


Registered Number	04387361 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

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/or the rendering of services. 

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
 
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	20
Plant and machinery	25	-
Vehicles	20	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight-line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease.

Payments made under operating leases are charged to the Income Statement on a straight-line basis over the lease term.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	50		49

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 25	100,000	100,000
At 31 December 25	100,000	100,000
Amortisation and impairment
At 01 January 25	100,000	100,000
At 31 December 25	100,000	100,000
Net book value
At 31 December 25	-	-
At 31 December 24	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	777,186	286,138	8,881,056	37,087	9,981,467
Additions	-	168,213	1,213,160	2,689	1,384,062
Disposals	-	(222,070)	(407,308)	-	(629,378)
At 31 December 25	777,186	232,281	9,686,908	39,776	10,736,151
Depreciation and impairment
At 01 January 25	371,463	88,615	3,615,242	26,622	4,101,942
Charge for year	38,722	13,067	1,112,973	5,435	1,170,197
On disposals	-	(23,299)	(230,669)	-	(253,968)
At 31 December 25	410,185	78,383	4,497,546	32,057	5,018,171
Net book value
At 31 December 25	367,001	153,898	5,189,362	7,719	5,717,980
At 31 December 24	405,723	197,523	5,265,814	10,465	5,879,525

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,619,673	1,395,312
Other debtors	1,643,644	1,683,198
Prepayments and accrued income	268,095	362,510
Total	3,531,412	3,441,020

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	509,336	609,409
Taxation and social security	248,074	205,441
Finance lease and HP contracts	644,288	934,317
Other creditors	15,511	19,060
Accrued liabilities and deferred income	81,876	37,474
Total	1,499,085	1,805,701


	Finance lease and HP contracts are secured on the assets to which the relate.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	506,624	1,176,056
Total	506,624	1,176,056


	Finance lease and HP contracts equal to £506,624 (2024 - £1,176,056) are included within other creditors and are secured against the assets to which they relate.

8.	Provisions for liabilities
	The provision for deferred tax is made up of £1,326,600 (2024 - £1,378,970) in respect of accelerated capital allowances and £10,500 (2024 - £353,970) in respect of losses carried forward.

	2025	2024
	£	£
Net deferred tax liability (asset)	1,337,100	1,025,000
Total	1,337,100	1,025,000

9.	Directors advances, credits and guarantees
	The directors have a loan account with the company. As of 1 January 2025, the company owed the directors £61,097. During the year, the company advanced the directors £16,957 and the directors repaid £17,361 to the company. As of 31 December 2025, the directors owed the company £60,693. The company charged the directors £2,078 in accordance with HMRC's official interest rate for beneficial loan arrangements.

Directors advances, credits and guarantees

The directors have a loan account with the company.  As of 1 January 2025, the company owed the directors £61,097.  During the year, the company advanced the directors £16,957 and the directors repaid £17,361 to the company.  As of 31 December 2025, the directors owed the company £60,693.  The company charged the directors £2,078 in accordance with HMRC's official interest rate for beneficial loan arrangements.

10.	Related party transactions
	The company was charged rent amounting to £24,000 (2024 - £28,620) by a partnership in which the partners are the directors of Beaty Transport Limited. The son of the directors had an unsecured loan account with the company. As of 1 January 2025, the directors' son owed the company £293,474. During the year the company made further advances of 37,000 and repayments of £330,474. As of 31 December 2025, the directors' son owed the company £Nil. Interest of £6,314 was charged by the company in accordance with HMRC's official interest rate for beneficial loan arrangements. The company loaned funds to Station View Agricultural Store Limited, a company in which the directors of John Beaty Transport Limited are beneficial owners. As of 31 December 2025, Station View Agricultural Store Limited owed John Beaty Transport Limited £1,374,145 (2024 - £1,167,676). The company loaned funds to Beaty Fleet Services Limited, a company in which the directors of John Beaty Transport Limited are beneficial owners. As of 31 December 2025, Beaty Fleet Services Limited owed John Beaty Transport Limited £189,974 (2024 - £142,389).

10.

Related party transactions

The company was charged rent amounting to £24,000 (2024 - £28,620) by a partnership in which the partners are the directors of Beaty Transport Limited.

The son of the directors had an unsecured loan account with the company.  As of 1 January 2025, the directors' son owed the company £293,474.  During the year the company made further advances of 37,000 and repayments of £330,474.  As of 31 December 2025, the directors' son owed the company £Nil.  Interest of £6,314 was charged by the company in accordance with HMRC's official interest rate for beneficial loan arrangements.

The company loaned funds to Station View Agricultural Store Limited, a company in which the directors of John Beaty Transport Limited are beneficial owners.  As of 31 December 2025, Station View Agricultural Store Limited owed John Beaty Transport Limited £1,374,145 (2024 - £1,167,676). 

The company loaned funds to Beaty Fleet Services Limited, a company in which the directors of John Beaty Transport Limited are beneficial owners.  As of 31 December 2025, Beaty Fleet Services Limited owed John Beaty Transport Limited £189,974 (2024 - £142,389).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		5,717,980		5,879,525
			5,717,980		5,879,525
Current assets
Stocks		2,350		2,200
Debtors	5	3,531,412		3,441,020
Cash at bank and on hand		868,080		598,948
		4,401,842		4,042,168
Creditors amounts falling due within one year	6	(1,499,085)		(1,805,701)
Net current assets (liabilities)			2,902,757		2,236,467
Total assets less current liabilities			8,620,737		8,115,992
Creditors amounts falling due after one year	7		(506,624)		(1,176,056)
Provisions for liabilities	8		(1,337,100)		(1,025,000)
Net assets			6,777,013		5,914,936
Capital and reserves
Called up share capital			5,000		5,000
Profit and loss account			6,772,013		5,909,936
Shareholders' funds			6,777,013		5,914,936