General Information
ASD Transport Birmingham Limited is a private company, limited by shares, registered in England and Wales, registration number 11094048, registration address 141-143 Moxley Road, Darlaston, Wednesbury, WS10 7RL. These financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006, applying the provisions of the small companies regime.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Going concern basis
The directors have assessed the companys ability to continue as a going concern and, having considered budgets and cash flow forecasts for a period of at least twelve months from the date of approval of these accounts, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis has been adopted.
Turnover
Turnover represents the amount the company expects to be entitled to in exchange for freight transport services provided, net of value added tax and trade discounts. Revenue is recognised as the transport services are provided to customers, in accordance with the revised revenue requirements of FRS 102.
Taxation
Current tax is provided at amounts expected to be paid using the tax rates and laws enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of timing differences using the liability method.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
15 % Reducing Balance
|
| Motor Vehicles |
25 % Reducing Balance
|
| Fixtures and Fittings |
15 % Reducing Balance
|
| Computer Equipment |
25 % Reducing Balance
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 7 (2024 : 9).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 January 2025 |
799,955 |
|
22,723 |
|
15,767 |
|
8,308 |
|
846,753 |
| Additions |
- |
|
70,750 |
|
- |
|
1,332 |
|
72,082 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 31 December 2025 |
799,955 |
|
93,473 |
|
15,767 |
|
9,640 |
|
918,835 |
| Depreciation |
| At 01 January 2025 |
303,706 |
|
18,198 |
|
9,611 |
|
5,520 |
|
337,035 |
| Charge for year |
74,438 |
|
18,819 |
|
924 |
|
1,030 |
|
95,211 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 31 December 2025 |
378,144 |
|
37,017 |
|
10,535 |
|
6,550 |
|
432,246 |
| Net book values |
| Closing balance as at 31 December 2025 |
421,811 |
|
56,456 |
|
5,232 |
|
3,090 |
|
486,589 |
| Opening balance as at 01 January 2025 |
496,249 |
|
4,525 |
|
6,156 |
|
2,788 |
|
509,718 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
279,456 |
|
91,086 |
|
279,456 |
|
91,086 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
479,375 |
|
488,610 |
| Corporation Tax |
25,330 |
|
88,966 |
| PAYE & Social Security |
2,396 |
|
2,037 |
| Directors' Current Accounts |
153,693 |
|
146,758 |
| VAT |
38,422 |
|
60,747 |
|
699,216 |
|
787,118 |
|
| 6. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
104,238 |
|
0 |
|
104,238 |
|
0 |
|
| 7. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1
Class A share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
| 8. |
Directors’ advances, credits and guarantees
There were no advances or credits granted to the directors during the year. No guarantees were entered into on behalf of the directors.
|
| 9. |
Financial commitments, guarantees and contingencies
At 31 December 2025, the company had no financial commitments, guarantees or contingencies that were not included in the statement of financial position (2024: £nil)
|
3
|