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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
Page
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M.R. HORN TRANSPORT LIMITED Company Information for the year ended 30 April 2023
Director
M R Horn
Company Number
2245354 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS HIGH STREET CREDITON DEVON EX17 3AH
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M.R. HORN TRANSPORT LIMITED Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
381,066 
284,084 
Investments
311,856 
340,167 
692,922 
624,251 
Current assets
Inventories
4,643 
1,503 
Debtors
85,801 
88,823 
Cash at bank and in hand
201 
201 
90,645 
90,527 
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 
Capital and reserves
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
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M.R. HORN TRANSPORT LIMITED Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 April 2023
3,649 
80,396 
297,021 
381,066 
At 30 April 2022
3,649 
100,100 
180,335 
284,084 
5
Investments
Other investments 
£ 
Valuation at 1 May 2022
340,167 
Additions
11,689 
Disposals
(40,000)
Valuation at 30 April 2023
311,856 
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M.R. HORN TRANSPORT LIMITED Notes to the Accounts for the year ended 30 April 2023
6
Debtors
2023 
2022 
£ 
£ 
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 
85,801 
88,823 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
58,251 
53,754 
VAT
4,671 
4,945 
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 
Other creditors
223 
104 
Loans from directors
9,047 
8,691 
Accruals
3,056 
5,620 
246,367 
200,013 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,241 
48,081 
Obligations under finance leases and hire purchase contracts
147,415 
80,904 
Other creditors
231,853 
182,322 
409,509 
311,307 
9
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.
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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