Mobile Freight Services (Midlands) Ltd - Abbreviated accounts 16.1

Mobile Freight Services (Midlands) Ltd - Abbreviated accounts 16.1


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REGISTERED NUMBER: 02347762 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

Mobile Freight Services (Midlands)
Limited

Mobile Freight Services (Midlands)
Limited (Registered number: 02347762)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Mobile Freight Services (Midlands)
Limited

Company Information
for the Year Ended 31 January 2016







DIRECTORS: Mr D A Jolly
Mrs J P Jolly
Mr I R Jolly





SECRETARY: Mrs J P Jolly





REGISTERED OFFICE: MFS House
200 Park Lane
Birmingham
West Midlands
B35 6LJ





REGISTERED NUMBER: 02347762 (England and Wales)

Mobile Freight Services (Midlands)
Limited (Registered number: 02347762)

Abbreviated Balance Sheet
31 January 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,442,289 1,244,637
Investments 3 10,000 10,000
1,452,289 1,254,637

CURRENT ASSETS
Debtors 569,498 439,142
Prepayments and accrued income 134,551 144,901
Cash at bank and in hand 2,178 100
706,227 584,143
CREDITORS
Amounts falling due within one year 4 1,097,839 817,452
NET CURRENT LIABILITIES (391,612 ) (233,309 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,060,677

1,021,328

CREDITORS
Amounts falling due after more than one
year

4

(475,458

)

(414,864

)

PROVISIONS FOR LIABILITIES (92,575 ) (42,676 )
NET ASSETS 492,644 563,788

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 41,934 -
Profit and loss account 450,610 563,688
SHAREHOLDERS' FUNDS 492,644 563,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Mobile Freight Services (Midlands)
Limited (Registered number: 02347762)

Abbreviated Balance Sheet - continued
31 January 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 8 August 2016 and were signed on its behalf by:




Mr D A Jolly - Director



Mr I R Jolly - Director


Mobile Freight Services (Midlands)
Limited (Registered number: 02347762)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents net invoiced sales of goods, 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.

Freehold property - 2% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on reducing balance

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

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 the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 February 2015 2,172,834
Additions 355,930
Disposals (245,276 )
Revaluations 26,598
At 31 January 2016 2,310,086
DEPRECIATION
At 1 February 2015 928,197
Charge for year 141,663
Eliminated on disposal (186,727 )
Revaluation adjustments (15,336 )
At 31 January 2016 867,797
NET BOOK VALUE
At 31 January 2016 1,442,289
At 31 January 2015 1,244,637

Mobile Freight Services (Midlands)
Limited (Registered number: 02347762)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2016

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 February 2015
and 31 January 2016 10,000
NET BOOK VALUE
At 31 January 2016 10,000
At 31 January 2015 10,000

4. CREDITORS

Creditors include an amount of £ 927,923 (31.1.15 - £ 820,200 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.1.16 31.1.15
£    £   
Repayable by instalments 153,881 173,887

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
100 Ordinary £1 100 100