David Branch Transport Limited - Accounts to registrar (filleted) - small 23.1.2

David Branch Transport Limited - Accounts to registrar (filleted) - small 23.1.2

DAVID BRANCH TRANSPORT LIMITED - Company Information

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REGISTERED NUMBER: 13486185 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

DAVID BRANCH TRANSPORT LIMITED
DAVID BRANCH TRANSPORT LIMITED (REGISTERED NUMBER: 13486185)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID BRANCH TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: D P Branch





REGISTERED OFFICE: 20 Gelding Close
Rochford
Essex
SS4 3FG





REGISTERED NUMBER: 13486185 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA
Page 1
DAVID BRANCH TRANSPORT LIMITED (REGISTERED NUMBER: 13486185)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,187 -

CURRENT ASSETS
Debtors 5 660 -
Cash at bank 9,530 100
10,190 100
CREDITORS
Amounts falling due within one year 6 22,833 -
NET CURRENT (LIABILITIES)/ASSETS (12,643 ) 100
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,544
100

CREDITORS
Amounts falling due after more than one
year
7
16,873
-
NET ASSETS 671 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 571 -
671 100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
DAVID BRANCH TRANSPORT LIMITED (REGISTERED NUMBER: 13486185)

BALANCE SHEET - continued
31 DECEMBER 2022


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 26 May 2023 and were signed by:





D P Branch - Director


The notes form part of these financial statements

Page 3
DAVID BRANCH TRANSPORT LIMITED (REGISTERED NUMBER: 13486185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

David Branch 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - NIL ) .

Page 4 continued...
DAVID BRANCH TRANSPORT LIMITED (REGISTERED NUMBER: 13486185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 40,250
At 31 December 2022 40,250
DEPRECIATION
Charge for year 10,063
At 31 December 2022 10,063
NET BOOK VALUE
At 31 December 2022 30,187

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 40,250
At 31 December 2022 40,250
DEPRECIATION
Charge for year 10,063
At 31 December 2022 10,063
NET BOOK VALUE
At 31 December 2022 30,187

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 660 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 12,823 -
VAT 45 -
Directors' current accounts 8,665 -
Accrued expenses 1,300 -
22,833 -

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 16,873 -

Page 5 continued...
DAVID BRANCH TRANSPORT LIMITED (REGISTERED NUMBER: 13486185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 29,696 -

The hire purchase liability is secured against the asset to which it relates.

9. RESERVES
Retained
earnings
£   

Profit for the year 14,571
Dividends (14,000 )
At 31 December 2022 571

Page 6