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REGISTERED NUMBER: 03585606 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

M. Threlfall Transport Limited

M. Threlfall Transport Limited (Registered number: 03585606)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M. Threlfall Transport Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr M Threlfall





SECRETARY: Mrs K E Threlfall





REGISTERED OFFICE: Orchard Dene
172 Kirkham Road
Freckleton
PRESTON
Lancashire
PR4 1HU





REGISTERED NUMBER: 03585606 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

M. Threlfall Transport Limited (Registered number: 03585606)

Abridged Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 885,055 972,323
Investment property 6 316,186 428,764
1,201,241 1,401,087

CURRENT ASSETS
Debtors 2,519,041 2,101,177
Investments 2,075,973 1,975,019
Cash at bank and in hand 393,568 174,958
4,988,582 4,251,154
CREDITORS
Amounts falling due within one year 457,607 403,710
NET CURRENT ASSETS 4,530,975 3,847,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,732,216

5,248,531

CREDITORS
Amounts falling due after more than one
year

(41,520

)

(48,427

)

PROVISIONS FOR LIABILITIES (173,408 ) (149,045 )
NET ASSETS 5,517,288 5,051,059

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 5,516,288 5,050,059
SHAREHOLDERS' FUNDS 5,517,288 5,051,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M. Threlfall Transport Limited (Registered number: 03585606)

Abridged Balance Sheet - continued
30 June 2023


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 Balance Sheet for the year ended 30 June 2023 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 director and authorised for issue on 10 October 2023 and were signed by:





Mr M Threlfall - Director


M. Threlfall Transport Limited (Registered number: 03585606)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

M. Threlfall Transport 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, except for modification to a fair value basis for certain assets, as specified in the accounting policies.

Turnover
Turnover represents amounts invoiced excluding value added tax, in respect of the sale of services to customers, as adjusted for work in progress.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 10% on reducing balance
Motor vehicles - 30% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, loans and directors loans (being repayable on demand) and are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

The financial investment is measured at fair value at each period end and gains or losses are reflected in the profit and loss account.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme.

Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 33 ) .

M. Threlfall Transport Limited (Registered number: 03585606)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 11,080
AMORTISATION
At 1 July 2022
and 30 June 2023 11,080
NET BOOK VALUE

At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 1,636,503
Additions 238,103
Disposals (176,275 )
At 30 June 2023 1,698,331
DEPRECIATION
At 1 July 2022 664,180
Charge for year 265,422
Eliminated on disposal (116,326 )
At 30 June 2023 813,276
NET BOOK VALUE
At 30 June 2023 885,055
At 30 June 2022 972,323

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 428,764
Disposals (112,578 )
At 30 June 2023 316,186
NET BOOK VALUE
At 30 June 2023 316,186
At 30 June 2022 428,764

M. Threlfall Transport Limited (Registered number: 03585606)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr M Threlfall
Balance outstanding at start of year 116,915 167,117
Amounts advanced 149,018 135,331
Amounts repaid (171,333 ) (185,533 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,600 116,915

Interest is charged on overdrawn balances at the beneficial rate.

8. RELATED PARTY DISCLOSURES

M Threlfall Transport Limited is a related company by virtue of common control. At the year end Threlfall Properties Limited owed M Threlfall Transport Limited a total amount of £140,102 (2022: £148,542 as an intercompany loan.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Threlfall.