SCHOFIELD TRANSPORT LIMITED - Filleted accounts

Registered number

06682222

SCHOFIELD TRANSPORT LIMITED

Filleted Accounts

31 August 2026

SCHOFIELD TRANSPORT LIMITED
Registered number:		06682222
Balance Sheet
as at 31 August 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		98,015			122,518

Current assets
Debtors	4	151,273			323,485
Cash at bank and in hand		11,389			-
		162,662			323,485

Creditors: amounts falling due within one year	5	(229,383)			(482,324)

Net current liabilities			(66,721)			(158,839)

Total assets less current liabilities			31,294			(36,321)

Creditors: amounts falling due after more than one year	6		(9,912)			(26,793)



Net assets/(liabilities)			21,382			(63,114)

Capital and reserves
Called up share capital			1			1
Profit and loss account			21,381			(63,115)

Shareholders' funds			21,382			(63,114)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr R Schofield
Director
Approved by the board on 7 September 2026

SCHOFIELD TRANSPORT LIMITED
Notes to the Accounts
for the year ended 31 August 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	reducing balance
	Fixtures, fittings, tools and equipment	reducing balance

	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 September 2025	181,225		66,807		248,032
	At 31 August 2026	181,225		66,807		248,032

	Depreciation
	At 1 September 2025	70,725		54,789		125,514
	Charge for the year	22,100		2,403		24,503
	At 31 August 2026	92,825		57,192		150,017

	Net book value
	At 31 August 2026	88,400		9,615		98,015
	At 31 August 2025	110,500		12,018		122,518


4	Debtors			2026		2025
£					£

	Trade debtors			123,477		297,910
	Other debtors			27,796		25,575
				151,273		323,485


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			1,675		30,472
	Trade creditors			41,711		383,016
	Pensions payable			1,283		3,082
	Taxation and social security costs			184,714		65,754
				229,383		482,324


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		25,163
	Directors loan			9,912		1,630
				9,912		26,793




7	Other information

	SCHOFIELD TRANSPORT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 6 Sands Lane
	The Airfield
	Breighton
	Selby
	YO8 6DS