Ricky Young Transport Ltd - Accounts to registrar (filleted) - small 18.2

Ricky Young Transport Ltd - Accounts to registrar (filleted) - small 18.2

RICKY YOUNG TRANSPORT LTD - Company Information

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REGISTERED NUMBER: 09404382 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 JANUARY 2023

FOR

RICKY YOUNG TRANSPORT LTD
RICKY YOUNG TRANSPORT LTD (REGISTERED NUMBER: 09404382)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RICKY YOUNG TRANSPORT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 JANUARY 2023







DIRECTOR: R D R Taylor





SECRETARY:





REGISTERED OFFICE: 55 Monmouth Drive
Verwood
BH31 6TN





REGISTERED NUMBER: 09404382 (England and Wales)





ACCOUNTANTS: Douglas Crook Accountancy Services
92 Nore Road
Portishead
Bristol
BS20 8DX
Page 1
RICKY YOUNG TRANSPORT LTD (REGISTERED NUMBER: 09404382)

BALANCE SHEET
28 JANUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 66,000 69,570
Cash at bank and in hand 116,480 72,102
182,480 141,672
CREDITORS
Amounts falling due within one year 5 91,342 70,366
NET CURRENT ASSETS 91,138 71,306
TOTAL ASSETS LESS CURRENT
LIABILITIES
91,138
71,306

CREDITORS
Amounts falling due after more than one year 6 - 70,000
NET ASSETS 91,138 1,306

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 91,137 1,305
SHAREHOLDERS' FUNDS 91,138 1,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 January 2023 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 28 March 2023 and were signed by:





R J Young - Director


The notes form part of these financial statements

Page 2
RICKY YOUNG TRANSPORT LTD (REGISTERED NUMBER: 09404382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 JANUARY 2023

1. STATUTORY INFORMATION

Ricky Young 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 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
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 66,000 69,570

Page 3 continued...
RICKY YOUNG TRANSPORT LTD (REGISTERED NUMBER: 09404382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 JANUARY 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 30,755 40,301
Taxation and social security 60,437 30,025
Other creditors 150 40
91,342 70,366

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 70,000

Page 4