| MJB Haulage Limited |
| Registered number: |
01468974 |
| Balance Sheet |
| as at 31 March 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
134,239 |
|
|
164,799 |
|
| Current assets |
| Debtors |
4 |
|
321,834 |
|
|
265,718 |
| Cash at bank and in hand |
|
|
208,520 |
|
|
229,360 |
|
|
|
530,354 |
|
|
495,078 |
|
| Creditors: amounts falling due within one year |
5 |
|
(184,918) |
|
|
(165,846) |
|
| Net current assets |
|
|
|
345,436 |
|
|
329,232 |
|
| Total assets less current liabilities |
|
|
|
479,675 |
|
|
494,031 |
|
| Provisions for liabilities |
|
|
|
(31,215) |
|
|
(27,165) |
|
|
| Net assets |
|
|
|
448,460 |
|
|
466,866 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,100 |
|
|
1,100 |
| Profit and loss account |
|
|
|
447,360 |
|
|
465,766 |
|
| Shareholders' funds |
|
|
|
448,460 |
|
|
466,866 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| M J Brookman |
| Director |
| Approved by the board on 3 November 2023 |
|
| MJB Haulage Limited |
| Notes to the Accounts |
| for the year ended 31 March 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the amounts derived from the provision of goods and services in the UK which falls within the company's ordinary activities stated after trade discounts and net of value added tax. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
Leasehold improvements |
Over the term of the lease |
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
14 |
|
13 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Leasehold improvements |
|
Plant and machinery |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2022 |
- |
|
54,348 |
|
269,539 |
|
323,887 |
|
Additions |
10,050 |
|
16,796 |
|
- |
|
26,846 |
|
Disposals |
- |
|
- |
|
(48,785) |
|
(48,785) |
|
At 31 March 2023 |
10,050 |
|
71,144 |
|
220,754 |
|
301,948 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2022 |
- |
|
47,864 |
|
111,224 |
|
159,088 |
|
Charge for the year |
670 |
|
5,820 |
|
35,802 |
|
42,292 |
|
On disposals |
- |
|
- |
|
(33,671) |
|
(33,671) |
|
At 31 March 2023 |
670 |
|
53,684 |
|
113,355 |
|
167,709 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
9,380 |
|
17,460 |
|
107,399 |
|
134,239 |
|
At 31 March 2022 |
- |
|
6,484 |
|
158,315 |
|
164,799 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade debtors |
242,049 |
|
264,718 |
|
Other debtors |
79,785 |
|
1,000 |
|
|
|
|
|
|
321,834 |
|
265,718 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade creditors |
123,603 |
|
134,527 |
|
Corporation tax |
10,806 |
|
- |
|
Other taxes and social security costs |
33,846 |
|
17,428 |
|
Other creditors |
16,663 |
|
13,891 |
|
|
|
|
|
|
184,918 |
|
165,846 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other financial commitments |
2023 |
|
2022 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
6,228 |
|
35,061 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans to directors |
|
Interest free loan |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
M J Brookman |
|
Directors loan |
- |
|
50,000 |
|
- |
|
50,000 |
|
|
|
- |
|
50,000 |
|
- |
|
50,000 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Controlling party |
|
|
The ultimate controlling party of the company is M.J.Brookman |
|
|
| 9 |
Other information |
|
|
MJB Haulage Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Ivy Mill House |
|
Ivy Mill Lane |
|
Godstone |
|
Surrey |
|
RH9 8NR |
