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REGISTERED NUMBER: 04530612 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

MUSTOES HAULAGE LIMITED

MUSTOES HAULAGE LIMITED (REGISTERED NUMBER: 04530612)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MUSTOES HAULAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: W J Mustoe
R E Mustoe
C J Mustoe





SECRETARY: D J Mustoe





REGISTERED OFFICE: The Mill, Mill End
Northleach
Cheltenham
Gloucestershire
GL54 3HJ





REGISTERED NUMBER: 04530612 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

MUSTOES HAULAGE LIMITED (REGISTERED NUMBER: 04530612)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 127,006 101,974

CURRENT ASSETS
Debtors 5 46,730 43,876
Cash at bank 42,697 62,695
89,427 106,571
CREDITORS
Amounts falling due within one year 6 (71,416 ) (57,621 )
NET CURRENT ASSETS 18,011 48,950
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,017

150,924

CREDITORS
Amounts falling due after more than
one year

7

(109,364

)

(107,362

)

PROVISIONS FOR LIABILITIES (150 ) (2,282 )
NET ASSETS 35,503 41,280

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,403 41,180
SHAREHOLDERS' FUNDS 35,503 41,280

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.

MUSTOES HAULAGE LIMITED (REGISTERED NUMBER: 04530612)

STATEMENT OF FINANCIAL POSITION - 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2022 and were signed on its behalf by:





W J Mustoe - Director


MUSTOES HAULAGE LIMITED (REGISTERED NUMBER: 04530612)

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


1. STATUTORY INFORMATION

Mustoes Haulage 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 - 20% straight line
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

MUSTOES HAULAGE LIMITED (REGISTERED NUMBER: 04530612)

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


2. ACCOUNTING POLICIES - continued

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.

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 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2021 81,465 276,929 6,136 364,530
Additions 28,178 60,359 - 88,537
Disposals - (1,500 ) - (1,500 )
At 31 December 2021 109,643 335,788 6,136 451,567
DEPRECIATION
At 1 January 2021 75,862 180,558 6,136 262,556
Charge for year 9,451 54,054 - 63,505
Eliminated on disposal - (1,500 ) - (1,500 )
At 31 December 2021 85,313 233,112 6,136 324,561
NET BOOK VALUE
At 31 December 2021 24,330 102,676 - 127,006
At 31 December 2020 5,603 96,371 - 101,974

MUSTOES HAULAGE LIMITED (REGISTERED NUMBER: 04530612)

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 Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2021 - 71,945 71,945
Additions 20,000 44,500 64,500
At 31 December 2021 20,000 116,445 136,445
DEPRECIATION
At 1 January 2021 - 11,802 11,802
Charge for year 5,000 29,111 34,111
At 31 December 2021 5,000 40,913 45,913
NET BOOK VALUE
At 31 December 2021 15,000 75,532 90,532
At 31 December 2020 - 60,143 60,143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 44,012 40,685
Other debtors 2,718 3,191
46,730 43,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 37,988 17,770
Trade creditors 21,312 28,027
Taxation and social security 7,590 7,483
Other creditors 4,526 4,341
71,416 57,621

MUSTOES HAULAGE LIMITED (REGISTERED NUMBER: 04530612)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2021 2020
£    £   
Hire purchase contracts 42,382 32,562
Other creditors 66,982 74,800
109,364 107,362