Company Registration No. 10419519 (England and Wales)
Motrans Ltd
Unaudited accounts
for the year ended 31 March 2022
Motrans Ltd
Unaudited accounts
Contents
Motrans Ltd
Company Information
for the year ended 31 March 2022
Director
Dean Billy Morris
Company Number
10419519 (England and Wales)
Registered Office
Mccue House, 70 Wilton Road
Wilton Road Industrial Estate
Humberston
Grimsby
DN36 4AW
Motrans Ltd
Statement of financial position
as at 31 March 2022
Tangible assets
1,638,326
1,395,963
Cash at bank and in hand
1
16
Creditors: amounts falling due within one year
(1,139,914)
(884,236)
Net current liabilities
(490,906)
(326,400)
Total assets less current liabilities
1,147,420
1,069,563
Creditors: amounts falling due after more than one year
(1,007,666)
(947,391)
Provisions for liabilities
Deferred tax
(21,274)
(21,402)
Net assets
118,480
100,770
Called up share capital
1
1
Profit and loss account
118,479
100,769
Shareholders' funds
118,480
100,770
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 September 2022 and were signed on its behalf by
Dean Billy Morris
Director
Company Registration No. 10419519
Motrans Ltd
Notes to the Accounts
for the year ended 31 March 2022
Motrans Ltd is a private company, limited by shares, registered in England and Wales, registration number 10419519. The registered office is Mccue House, 70 Wilton Road, Wilton Road Industrial Estate, Humberston, Grimsby, DN36 4AW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% RB
Motrans Ltd
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
At 31 March 2022
2,069,926
Charge for the year
266,565
Surplus on revaluation
(299,126)
At 31 March 2022
1,638,326
At 31 March 2021
1,395,963
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
250,660
302,658
Amounts due from group undertakings etc.
994
-
Accrued income and prepayments
138,080
3,163
Other debtors
248,194
225,000
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
119,466
52,118
Obligations under finance leases and hire purchase contracts
487,924
421,246
Trade creditors
281,446
81,472
Taxes and social security
89,546
88,908
Other creditors
55,039
225,681
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
101,999
143,000
Obligations under finance leases and hire purchase contracts
905,667
804,391
Motrans Ltd
Notes to the Accounts
for the year ended 31 March 2022
As at 31st March 2022 the director owed the company £242,694. Interest is charged on the loan at 2.5% per annum. There is no S455 tax charge as the balance will be cleared within 9 months of the year end.
9
Average number of employees
During the year the average number of employees was 40 (2021: 40).