REGISTERED NUMBER: 05034508 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

J P Skues Transport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J P Skues

REGISTERED OFFICE:

Plum Tree Cottage

25 Franks Road

Walcote

Lutterworth

Leicestershire

LE17 4JX

REGISTERED NUMBER:

05034508 (England and Wales)

ACCOUNTANTS:

Barker & Co

Chartered Accountants

Watling Offices

Smockington Lane

Wolvey

Hinckley

Leicestershire

LE10 3AY

FIXED ASSETS

Tangible assets

4

3,121

9,014

CURRENT ASSETS

Debtors

5

155

3,309

Cash at bank

300

2,139

455

5,448

CREDITORS

Amounts falling due within one year

6

10,937

13,422

NET CURRENT LIABILITIES

(10,482

)

(7,974

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,361

)

1,040

PROVISIONS FOR LIABILITIES

600

1,720

NET LIABILITIES

(7,961

)

(680

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(7,962

)

(681

)

SHAREHOLDERS' FUNDS

(7,961

)

(680

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14th November 2025 and were signed by:

J P Skues - Director

1.	STATUTORY INFORMATION

J P Skues 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.

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 represents net invoiced sales of services, excluding value added tax.

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.

Fixtures and office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 balance sheet. 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 the shorter.

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

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

office

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1st April 2024

2,509

18,022

20,531

Disposals

-

(13,800

)

(13,800

)

At 31st March 2025

2,509

4,222

6,731

DEPRECIATION

At 1st April 2024

2,481

9,036

11,517

Charge for year

7

1,034

1,041

Eliminated on disposal

-

(8,948

)

(8,948

)

At 31st March 2025

2,488

1,122

3,610

NET BOOK VALUE

At 31st March 2025

21

3,100

3,121

At 31st March 2024

28

8,986

9,014

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

155

3,197

Prepayments

-

112

155

3,309

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Social security and other taxes

-

1,237

Loan - MA Skues

-

400

Other creditor

-

203

Director's current account

9,534

10,179

Accruals

1,403

1,403

10,937

13,422

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

J P Skues

Balance outstanding at start of year

(10,179

)

11,413

Amounts advanced

23,159

34,791

Amounts repaid

(22,514

)

(56,383

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,534

)

(10,179

)

The director paid £Nil (2024 £125) interest to the company at the rate of 2.5% p.a. for the period when his director's current account was overdrawn.

9.	ULTIMATE CONTROLLING PARTY

J P Skues is the ultimate controlling party by virtue of his beneficial ownership of 100% of the company's issued share capital.