Relate AccountsProduction v2.7.2 v2.7.2 2021-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is freight transport by road. 29 September 2023 17 24 NI626708 2022-09-30 NI626708 2021-09-30 NI626708 2020-09-30 NI626708 2021-10-01 2022-09-30 NI626708 2020-10-01 2021-09-30 NI626708 uk-bus:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 NI626708 uk-curr:PoundSterling 2021-10-01 2022-09-30 NI626708 uk-bus:SmallCompaniesRegimeForAccounts 2021-10-01 2022-09-30 NI626708 uk-bus:AbridgedAccounts 2021-10-01 2022-09-30 NI626708 uk-core:ShareCapital 2022-09-30 NI626708 uk-core:ShareCapital 2021-09-30 NI626708 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 NI626708 uk-core:RetainedEarningsAccumulatedLosses 2021-09-30 NI626708 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-09-30 NI626708 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-09-30 NI626708 uk-bus:FRS102 2021-10-01 2022-09-30 NI626708 uk-core:PlantMachinery 2021-10-01 2022-09-30 NI626708 uk-core:FurnitureFittingsToolsEquipment 2021-10-01 2022-09-30 NI626708 uk-core:OtherPropertyPlantEquipment 2021-10-01 2022-09-30 NI626708 2021-10-01 2022-09-30 NI626708 uk-bus:Director1 2021-10-01 2022-09-30 NI626708 uk-bus:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
McMullan Transport Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 September 2022



McMullan Transport Ltd
Company Registration Number: NI626708
ABRIDGED BALANCE SHEET
as at 30 September 2022

2022 2021
Notes £ £
 
Fixed Assets
 
Tangible assets 4 1,048,968 941,688
───────── ─────────
 
Current Assets
 
Debtors 120,891 151,027
 
Cash at bank and in hand 1,219 166,926
───────── ─────────
122,110 317,953
───────── ─────────
 
Creditors: amounts falling due within one year (423,905) (447,574)
───────── ─────────
 
Net Current Liabilities (301,795) (129,621)
───────── ─────────
 
Total Assets less Current Liabilities 747,173 812,067
 
Creditors:
 
amounts falling due after more than one year (457,508) (488,909)
───────── ─────────
Net Assets 289,665 323,158
═════════ ═════════
 
 
Capital and Reserves
 
Called up share capital 100 100
 
Retained earnings 289,565 323,058
───────── ─────────
Shareholders' Funds 289,665 323,158
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 29 September 2023
           
           
________________________________          
Aine McMullan          
Director          
           



McMullan Transport Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 September 2022

   
1. General Information
 
McMullan Transport Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office of the company is 11 Cloughs Road,, Cushendall, Ballymena, Co. Antrim, BT44 0SP, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The companys registration number is NI626708

The financial statements cover the individual entity, McMullan Transport Ltd for the financial year ended 30th September 2022.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Retained earnings
The director have decided to disclose the changes in retained earnings in the Profit and Loss Account.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 12.5% Reducing Balance
  Fixtures, fittings and equipment - 12.5% Reducing Balance
  Computer Equipmetn - 12.5% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Leasing
Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Related parties
For the purposes of these financial statements a party is considered to be related to the company if:
 
- the party has the ability, directly or indirectly, through one or more intermediaries to control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;
- the company and the party are subject to common control;
- the party is an associate of the company or forms part of a joint venture with the company;
- the party is a member of key management personnel of the company or the company's parent, or a close family member of such as an individual, or is an entity under the control, joint control or significant influence of such individuals;
- the party is a close family member of a party referred to above or is an entity under the control or significant influence of such individuals; or
- the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.
 
Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the company.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was
 
  2022 2021
  Number Number
 
Full-time 17 24
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Computer Total
  machinery fittings and Equipmetn  
    equipment    
  £ £ £ £
Cost
At 1 October 2021 1,173,518 6,250 6,518 1,186,286
Additions 219,662 - 37,470 257,132
  ───────── ───────── ───────── ─────────
At 30 September 2022 1,393,180 6,250 43,988 1,443,418
  ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2021 242,305 1,175 1,118 244,598
Charge for the financial year 143,859 634 5,359 149,852
  ───────── ───────── ───────── ─────────
At 30 September 2022 386,164 1,809 6,477 394,450
  ───────── ───────── ───────── ─────────
Net book value
At 30 September 2022 1,007,016 4,441 37,511 1,048,968
  ═════════ ═════════ ═════════ ═════════
At 30 September 2021 931,213 5,075 5,400 941,688
  ═════════ ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2022.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.