W.R. Carter and Sons (Transport) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05219111 (England and Wales)

W.R. CARTER AND SONS (TRANSPORT) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

B Carter

A J Carter

SECRETARY:

B Carter

REGISTERED OFFICE:

The Bungalow

Lincoln Road

Owmby By Spital

Market Rasen

Lincolnshire

LN8 2DA

REGISTERED NUMBER:

05219111 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

1,014,603

985,591

CURRENT ASSETS

Stocks

8,700

10,576

Debtors

5

323,966

243,478

Cash at bank

18,455

12,632

351,121

266,686

CREDITORS

Amounts falling due within one year

6

477,953

368,714

NET CURRENT LIABILITIES

(126,832

)

(102,028

)

TOTAL ASSETS LESS CURRENT LIABILITIES

887,771

883,563

CREDITORS

Amounts falling due after more than one year

7

(348,027

)

(422,985

)

PROVISIONS FOR LIABILITIES

(206,921

)

(150,597

)

NET ASSETS

332,823

309,981

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

332,723

309,881

SHAREHOLDERS' FUNDS

332,823

309,981

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2026 and were signed on its behalf by:

B Carter - Director

A J Carter - Director

1.	STATUTORY INFORMATION

W.R. Carter and Sons (Transport) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from haulage services is recognised by reference to the stage of completion at the statement of financial position date. Stage of completion is measured by reference to point of delivery.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 10% on cost and Straight line over 7 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2025 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 February 2025

190,447

1,341,468

1,531,915

Additions

-

224,447

Disposals

-

(123,495

)

(123,495

)

At 31 January 2026

190,447

1,442,420

1,632,867

DEPRECIATION

At 1 February 2025

6,290

540,034

546,324

Charge for year

1,477

165,535

167,012

Eliminated on disposal

-

(95,072

)

(95,072

)

At 31 January 2026

7,767

610,497

618,264

NET BOOK VALUE

At 31 January 2026

182,680

831,923

1,014,603

At 31 January 2025

184,157

801,434

985,591

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

266,908

186,366

Other debtors

57,058

57,112

323,966

243,478

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

71,343

49,918

Hire purchase contracts (see note 8)

168,020

142,521

Trade creditors

118,483

71,824

Taxation and social security

80,653

64,639

Other creditors

39,454

39,812

477,953

368,714

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans

44,282

90,317

Hire purchase contracts (see note 8)

303,745

332,668

348,027

422,985

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,915

50,950

8.	LEASING AGREEMENTS

Total financial commitments, guarantees and contingencies which are not included in the statement of financial position amount to £230,380 (2025: £307,629).

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank overdrafts

61,501

40,076

Bank loans

54,124

100,159

Hire purchase contracts

471,765

475,189

587,390

615,424

There are fixed and floating charges over the undertakings and all property and assets of the company held by National Westminster Bank PLC and RBS Invoice Finance Limited.

Hire purchase contracts are secured on the assets to which the agreements relate.

10.	CALLED UP SHARE CAPITAL

Allotted:

Number:

Class:

Nominal

2025

2024

value

£

52

Ordinary A

£1

52

5

Ordinary B

£1

5

38

Ordinary C

£1

38

5

Ordinary D

£1

5

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have a directors loan account totalling £35,475 overdrawn brought forward (2025: £34,345). During the year, the directors of the company borrowed £58,941 (2025: £57,314) from the company and repaid £92,597 (2025: £56,792). Interest of £885 was charged (2025: £609) and the balance at the end of the year totalled £2,704 overdrawn (2025: £35,475 overdrawn).