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REGISTERED NUMBER: 07110971 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

M D WILLIAMS TRANSPORT LIMITED

M D WILLIAMS TRANSPORT LIMITED (REGISTERED NUMBER: 07110971)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountant's Report 6

M D WILLIAMS TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: M D Williams





SECRETARY: Mrs E J Williams





REGISTERED OFFICE: 39 Ryelands Road
Stonehouse
Gloucestershire
GL10 2PG





REGISTERED NUMBER: 07110971 (England and Wales)





ACCOUNTANT: Sarah T Tunney FCCA
4 Paul's Rise
North Woodchester
Stroud
Gloucestershire
GL5 5PN

M D WILLIAMS TRANSPORT LIMITED (REGISTERED NUMBER: 07110971)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 237,944 88,320

CURRENT ASSETS
Debtors 5 194,980 139,910
Cash at bank 135,205 61,537
330,185 201,447
CREDITORS
Amounts falling due within one year 6 155,586 101,447
NET CURRENT ASSETS 174,599 100,000
TOTAL ASSETS LESS CURRENT LIABILITIES 412,543 188,320

CREDITORS
Amounts falling due after more than one year 7 (204,909 ) (89,679 )

PROVISIONS FOR LIABILITIES (11,012 ) (11,012 )
NET ASSETS 196,622 87,629

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 196,619 87,626
SHAREHOLDERS' FUNDS 196,622 87,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 12 August 2022 and were signed by:





M D Williams - Director


M D WILLIAMS TRANSPORT LIMITED (REGISTERED NUMBER: 07110971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

M D WILLIAMS 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.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

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.

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 4 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 199,812
Additions 257,876
Disposals (13,194 )
At 31 December 2021 444,494
DEPRECIATION
At 1 January 2021 111,492
Charge for year 95,065
Eliminated on disposal (7 )
At 31 December 2021 206,550
NET BOOK VALUE
At 31 December 2021 237,944
At 31 December 2020 88,320

M D WILLIAMS TRANSPORT LIMITED (REGISTERED NUMBER: 07110971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2021 194,270
Additions 231,750
At 31 December 2021 426,020
DEPRECIATION
At 1 January 2021 100,060
Charge for year 91,490
At 31 December 2021 191,550
NET BOOK VALUE
At 31 December 2021 234,470
At 31 December 2020 94,210

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 174,130 139,910
Other debtors 20,850 -
194,980 139,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 1,063 667
Hire purchase contracts 71,824 25,582
Trade creditors 45,659 49,906
Taxation and social security 35,410 23,482
Other creditors 1,630 1,810
155,586 101,447

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 204,909 89,679

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 5,293

M D WILLIAMS TRANSPORT LIMITED (REGISTERED NUMBER: 07110971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
£    £   
M D Williams
Balance outstanding at start of year (893 ) (2,812 )
Amounts advanced 33,590 24,039
Amounts repaid (11,847 ) (22,120 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,850 (893 )

CHARTERED CERTIFIED ACCOUNTANT'S REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
M D WILLIAMS TRANSPORT LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of M D WILLIAMS TRANSPORT LIMITED for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of M D WILLIAMS TRANSPORT LIMITED in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of M D WILLIAMS TRANSPORT LIMITED and state those matters that I have agreed to state to the director of M D WILLIAMS TRANSPORT LIMITED in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its director for my work or for this report.

It is your duty to ensure that M D WILLIAMS TRANSPORT LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M D WILLIAMS TRANSPORT LIMITED. You consider that M D WILLIAMS TRANSPORT LIMITED is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of M D WILLIAMS TRANSPORT LIMITED. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Sarah T Tunney FCCA
4 Paul's Rise
North Woodchester
Stroud
Gloucestershire
GL5 5PN


Date: .............................................