26 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 03943549 2022-04-01 2023-03-31 03943549 2023-03-31 03943549 2022-03-31 03943549 2021-04-01 2022-03-31 03943549 2022-03-31 03943549 core:PlantMachinery 2022-04-01 2023-03-31 03943549 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 03943549 core:MotorVehicles 2022-04-01 2023-03-31 03943549 core:OnerousContractsExcludingVacantProperties 2022-04-01 2023-03-31 03943549 bus:RegisteredOffice 2022-04-01 2023-03-31 03943549 bus:Director2 2022-04-01 2023-03-31 03943549 bus:Director3 2022-04-01 2023-03-31 03943549 bus:CompanySecretary1 2022-04-01 2023-03-31 03943549 core:NetGoodwill 2023-03-31 03943549 core:PlantMachinery 2022-03-31 03943549 core:FurnitureFittingsToolsEquipment 2022-03-31 03943549 core:MotorVehicles 2022-03-31 03943549 core:PlantMachinery 2023-03-31 03943549 core:FurnitureFittingsToolsEquipment 2023-03-31 03943549 core:MotorVehicles 2023-03-31 03943549 core:WithinOneYear 2023-03-31 03943549 core:WithinOneYear 2022-03-31 03943549 core:AfterOneYear 2023-03-31 03943549 core:AfterOneYear 2022-03-31 03943549 core:ShareCapital 2023-03-31 03943549 core:ShareCapital 2022-03-31 03943549 core:RetainedEarningsAccumulatedLosses 2023-03-31 03943549 core:RetainedEarningsAccumulatedLosses 2022-03-31 03943549 core:NetGoodwill 2022-03-31 03943549 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 03943549 core:Non-currentFinancialInstruments 2023-03-31 03943549 core:Non-currentFinancialInstruments 2022-03-31 03943549 core:PlantMachinery 2022-03-31 03943549 core:FurnitureFittingsToolsEquipment 2022-03-31 03943549 core:MotorVehicles 2022-03-31 03943549 bus:SmallEntities 2022-04-01 2023-03-31 03943549 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03943549 bus:FullAccounts 2022-04-01 2023-03-31 03943549 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 03943549 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03943549 core:ComputerEquipment 2022-04-01 2023-03-31 03943549 core:ComputerEquipment 2022-03-31 03943549 core:ComputerEquipment 2023-03-31
Company registration number: 03943549
MIKE GARBUTT TRANSPORT LIMITED
Unaudited filleted financial statements
31 March 2023
MIKE GARBUTT TRANSPORT LIMITED
Directors and other information
Directors
Stephen Garbutt
Trina Wichall
Secretary Lynda Gage
Company number 03943549
Registered office The Broadway
Market Lavington
Devizes
Wiltshire
SN10 5RH
MIKE GARBUTT TRANSPORT LIMITED
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 1,382,646 1,117,423
Investments 7 6,250 6,250
_______ _______
1,388,896 1,123,673
Current assets
Stocks 23,345 24,180
Debtors 8 509,893 605,623
Cash at bank and in hand - 24
_______ _______
533,238 629,827
Creditors: amounts falling due
within one year 9 ( 763,791) ( 820,208)
_______ _______
Net current liabilities ( 230,553) ( 190,381)
_______ _______
Total assets less current liabilities 1,158,343 933,292
Creditors: amounts falling due
after more than one year 10 ( 161,050) ( 59,516)
Provisions for liabilities ( 204,362) ( 212,310)
_______ _______
Net assets 792,931 661,466
_______ _______
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 742,931 611,466
_______ _______
Shareholders funds 792,931 661,466
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 May 2023 , and are signed on behalf of the board by:
Stephen Garbutt
Director
Company registration number: 03943549
MIKE GARBUTT TRANSPORT LIMITED
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Broadway, Market Lavington, Devizes, Wiltshire, SN10 5RH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % reducing balance
Fittings fixtures and equipment - 20 % reducing balance
Motor vehicles - 23 % reducing balance
IT Equipment - 33.33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 26 (2022: 25 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2022 and 31 March 2023 55,148 55,148
_______ _______
Amortisation
At 1 April 2022 and 31 March 2023 55,148 55,148
_______ _______
Carrying amount
At 31 March 2023 - -
_______ _______
At 31 March 2022 - -
_______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles IT equipment Total
£ £ £ £ £
Cost
At 1 April 2022 77,127 7,692 1,783,537 33,878 1,902,234
Additions - - 730,724 925 731,649
Disposals - - ( 453,680) - ( 453,680)
_______ _______ _______ _______ _______
At 31 March 2023 77,127 7,692 2,060,581 34,803 2,180,203
_______ _______ _______ _______ _______
Depreciation
At 1 April 2022 33,325 7,418 717,095 26,973 784,811
Charge for the year 8,791 55 238,848 2,780 250,474
Disposals - - ( 237,728) - ( 237,728)
_______ _______ _______ _______ _______
At 31 March 2023 42,116 7,473 718,215 29,753 797,557
_______ _______ _______ _______ _______
Carrying amount
At 31 March 2023 35,011 219 1,342,366 5,050 1,382,646
_______ _______ _______ _______ _______
At 31 March 2022 43,802 274 1,066,442 6,905 1,117,423
_______ _______ _______ _______ _______
7. Investments
Other investments other than loans Total
£ £
Cost
At 1 April 2022 and 31 March 2023 6,250 6,250
_______ _______
Impairment
At 1 April 2022 and 31 March 2023 - -
_______ _______
Carrying amount
At 31 March 2023 6,250 6,250
_______ _______
At 31 March 2022 6,250 6,250
_______ _______
8. Debtors
2023 2022
£ £
Trade debtors 485,795 570,056
Other debtors 24,098 35,567
_______ _______
509,893 605,623
_______ _______
9. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 129,149 175,315
Trade creditors 222,415 238,111
Taxes 90,970 43,628
Other creditors 321,257 363,154
_______ _______
763,791 820,208
_______ _______
10. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 161,050 59,516
_______ _______