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REGISTERED NUMBER: 07106708 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

MLV CARRIERS LIMITED

MLV CARRIERS LIMITED (REGISTERED NUMBER: 07106708)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MLV CARRIERS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2021







DIRECTORS: M L Verinder
Mrs S V Verinder





REGISTERED OFFICE: Unit 1 Hawley Brook Trading Estate
Worthington Way
Wigan
Lancashire
WN3 6XE





REGISTERED NUMBER: 07106708 (England and Wales)





ACCOUNTANTS: Hayes and Associates (Leigh) Limited
Suite 2 Beswick House
Greenfold Way
Leigh
Lancashire
WN7 3XT

MLV CARRIERS LIMITED (REGISTERED NUMBER: 07106708)

ABRIDGED BALANCE SHEET
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 209,935 138,955

CURRENT ASSETS
Debtors 505,966 305,480
Cash at bank 24,111 64,967
530,077 370,447
CREDITORS
Amounts falling due within one year 270,230 231,753
NET CURRENT ASSETS 259,847 138,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,782

277,649

CREDITORS
Amounts falling due after more than one
year

(64,153

)

(32,169

)

PROVISIONS FOR LIABILITIES (35,074 ) (26,401 )
NET ASSETS 370,555 219,079

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 370,545 219,069
370,555 219,079

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 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.

MLV CARRIERS LIMITED (REGISTERED NUMBER: 07106708)

ABRIDGED BALANCE SHEET - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:




M L Verinder - Director



Mrs S V Verinder - Director


MLV CARRIERS LIMITED (REGISTERED NUMBER: 07106708)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2021

1. STATUTORY INFORMATION

MLV Carriers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.
Fixtures & equipment - 25% on reducing balance
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.

MLV CARRIERS LIMITED (REGISTERED NUMBER: 07106708)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2021

2. ACCOUNTING POLICIES - continued

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 22 (2020 - 22 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021 202,779
Additions 101,500
At 31 December 2021 304,279
DEPRECIATION
At 1 January 2021 63,824
Charge for year 30,520
At 31 December 2021 94,344
NET BOOK VALUE
At 31 December 2021 209,935
At 31 December 2020 138,955

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

Totals
£   
COST
At 1 January 2021 96,225
Additions 101,500
At 31 December 2021 197,725
DEPRECIATION
At 1 January 2021 10,445
Charge for year 17,226
At 31 December 2021 27,671
NET BOOK VALUE
At 31 December 2021 170,054
At 31 December 2020 85,780

MLV CARRIERS LIMITED (REGISTERED NUMBER: 07106708)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2021

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2021 2020
£    £   
M L Verinder and Mrs S V Verinder
Balance outstanding at start of year - -
Amounts advanced 27,680 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,680 -