Gareth Smart Transport Limited

Gareth Smart Transport Limited
Contents Page
For the year ended 31 March 2026

Statement of Financial Position	1
Notes to the Financial Statements	2

Gareth Smart Transport Limited
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	201,988	151,011
		201,988	151,011
Current assets
Debtors		167,056	20,361
Cash at bank and in hand		86,957	76,123
		254,013	96,484
Creditors: amount falling due within one year		(297,688)	(101,247)
Net current assets		(43,675)	(4,763)

Total assets less current liabilities		158,313	146,248
Net assets		158,313	146,248

Capital and reserves
Called up share capital	4	70,000	70,000
Profit and loss account		88,313	76,248
Shareholders' funds		158,313	146,248

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 24 September 2026 and were signed on its behalf by:

-------------------------------
Amanda Louise SMART
Director

1

Gareth Smart Transport Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2026

General Information

Gareth Smart Transport Limited is a private company, limited by shares, registered in England and Wales, registration number 08645175, registration address Beechfield House, Llyswen, Brecon, Powys, LD3 0UR.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

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	10% Reducing Balance
Motor Vehicles	10% Reducing Balance

2.	Average number of employees Average number of employees during the year was 1 (2025 : 1).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 April 2025	175,904	23,181	199,085
Additions	169,920	-	169,920
Disposals	(96,500)	-	(96,500)
At 31 March 2026	249,324	23,181	272,505
Depreciation
At 01 April 2025	39,673	8,401	48,074
Charge for year	20,965	1,478	22,443
On disposals	-	-	-
At 31 March 2026	60,638	9,879	70,517
Net book values
Closing balance as at 31 March 2026	188,686	13,302	201,988
Opening balance as at 01 April 2025	(6,919)	157,930	151,011

4.

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
70,000 Class A shares of £1.00 each	70,000		70,000
	70,000		70,000

2