Company Registration No. 2245354 (England and Wales)
M.R. HORN TRANSPORT LIMITED
Unaudited accounts
for the year ended 30 April 2023
M.R. HORN TRANSPORT LIMITED
Unaudited accounts
Contents
M.R. HORN TRANSPORT LIMITED
Company Information
for the year ended 30 April 2023
Company Number
2245354 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS
HIGH STREET
CREDITON
DEVON
EX17 3AH
M.R. HORN TRANSPORT LIMITED
Statement of financial position
as at 30 April 2023
Tangible assets
381,066
284,084
Investments
311,856
340,167
Cash at bank and in hand
201
201
Creditors: amounts falling due within one year
(246,367)
(200,013)
Net current liabilities
(155,722)
(109,486)
Total assets less current liabilities
537,200
514,765
Creditors: amounts falling due after more than one year
(409,509)
(311,307)
Net assets
127,691
203,458
Called up share capital
100
100
Profit and loss account
127,591
203,358
Shareholders' funds
127,691
203,458
For the year ending 30 April 2023 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 14 November 2023 and were signed on its behalf by
M R Horn
Director
Company Registration No. 2245354
M.R. HORN TRANSPORT LIMITED
Notes to the Accounts
for the year ended 30 April 2023
M.R. HORN TRANSPORT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 2245354. The registered office is LLOYDS BANK CHAMBERS, HIGH STREET, CREDITON, DEVON, EX17 3AH.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
3,649
158,810
411,130
573,589
Additions
-
-
154,000
154,000
Disposals
-
(28,029)
-
(28,029)
At 30 April 2023
3,649
130,781
565,130
699,560
At 1 May 2022
-
58,710
230,795
289,505
Charge for the year
-
14,187
52,416
66,603
On disposals
-
(22,512)
(15,102)
(37,614)
At 30 April 2023
-
50,385
268,109
318,494
At 30 April 2023
3,649
80,396
297,021
381,066
At 30 April 2022
3,649
100,100
180,335
284,084
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Investments
Other investments
Valuation at 1 May 2022
340,167
Valuation at 30 April 2023
311,856
M.R. HORN TRANSPORT LIMITED
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
Trade debtors
22,544
45,566
Accrued income and prepayments
41,089
41,089
Other debtors
22,168
2,168
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
58,251
53,754
Obligations under finance leases and hire purchase contracts
93,683
92,832
Trade creditors
48,801
31,104
Taxes and social security
28,635
2,963
Loans from directors
9,047
8,691
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
147,415
80,904
Other creditors
231,853
182,322
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Transactions with related parties
The company had sales of £280,056 to MR Horn & Partners LLP in the year ended 30 April 2022. £55,509 was owing at the year end. These transactions were on an arms length basis.
MR Horn Transport Limited is a partner of MR Horn & Partners LLP.
The company also received a profit share of £11,389 from MR Horn & Partners LLP, representing 5% interest on the members capital.
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Average number of employees
During the year the average number of employees was 8 (2022: 8).