O'Keeffe Transport Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 13396273 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 14 MAY 2021 TO 31 MAY 2022

FOR

O'KEEFFE TRANSPORT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B J O'Keeffe

SECRETARY:

REGISTERED OFFICE:

92 Nore Road

Portishead

Bristol

BS20 8DX

REGISTERED NUMBER:

13396273 (England and Wales)

ACCOUNTANTS:

Douglas Crook Accountancy Services

92 Nore Road

Portishead

Bristol

BS20 8DX

FIXED ASSETS

Tangible assets

4

30,825

CURRENT ASSETS

Debtors

5

4,338

Cash at bank

1,191

5,529

CREDITORS

Amounts falling due within one year

6

18,511

NET CURRENT LIABILITIES

(12,982

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,843

CREDITORS

Amounts falling due after more than one year

7

11,406

NET ASSETS

6,437

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

6,337

6,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2022 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 13 February 2023 and were signed by:

B J O'Keeffe - Director

1.	STATUTORY INFORMATION

O'Keeffe Transport Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

41,100

At 31 May 2022

41,100

DEPRECIATION

Charge for period

10,275

At 31 May 2022

10,275

NET BOOK VALUE

At 31 May 2022

30,825

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

4,338

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

10,275

Trade creditors

2,311

Other creditors

5,925

18,511

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

11,406