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REGISTERED NUMBER: 04031561 (England and Wales)











Financial Statements

for the Year Ended 30 June 2023

for

Martyn Barratt Transport Limited

Martyn Barratt Transport Limited (Registered number: 04031561)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Martyn Barratt Transport Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs L R Barratt
Mr R A Barratt





SECRETARY: Mrs L R Barratt





REGISTERED OFFICE: International House
Trowell Freight Depot
Stapleford Road
Trowell
Nottinghamshire
NG9 3RP





REGISTERED NUMBER: 04031561 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
The Old Manse
29 St. Mary Street
Ilkeston
Derbyshire
DE7 8AB

Martyn Barratt Transport Limited (Registered number: 04031561)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 349,394 202,331
Investments 5 10 10
349,404 202,341

CURRENT ASSETS
Stocks 70,330 73,256
Debtors 6 1,710,936 1,718,249
Cash at bank 95,544 156,212
1,876,810 1,947,717
CREDITORS
Amounts falling due within one year 7 1,264,856 1,274,372
NET CURRENT ASSETS 611,954 673,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

961,358

875,686

CREDITORS
Amounts falling due after more than one
year

8

(173,740

)

(134,744

)

PROVISIONS FOR LIABILITIES (64,488 ) (33,442 )
NET ASSETS 723,130 707,500

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 722,130 706,500
SHAREHOLDERS' FUNDS 723,130 707,500

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 directors acknowledge their 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.

Martyn Barratt Transport Limited (Registered number: 04031561)

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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:





Mr R A Barratt - Director


Martyn Barratt Transport Limited (Registered number: 04031561)

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


1. STATUTORY INFORMATION

Martyn Barratt 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Commercial vehicles - 25% on reducing balance and Over life of lease
Equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Martyn Barratt Transport Limited (Registered number: 04031561)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2022 - 52 ) .

4. TANGIBLE FIXED ASSETS
Commercial
vehicles Equipment Totals
£    £    £   
COST
At 1 July 2022 807,790 283,905 1,091,695
Additions 241,960 3,650 245,610
Disposals (94,108 ) - (94,108 )
At 30 June 2023 955,642 287,555 1,243,197
DEPRECIATION
At 1 July 2022 628,891 260,473 889,364
Charge for year 91,559 5,459 97,018
Eliminated on disposal (92,579 ) - (92,579 )
At 30 June 2023 627,871 265,932 893,803
NET BOOK VALUE
At 30 June 2023 327,771 21,623 349,394
At 30 June 2022 178,899 23,432 202,331

The net book value of tangible fixed assets includes £ 236,678 (2022 - £ 103,765 ) in respect of assets held under hire purchase contracts and finance leases.

Martyn Barratt Transport Limited (Registered number: 04031561)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 10
NET BOOK VALUE
At 30 June 2023 10
At 30 June 2022 10

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,056,492 974,596
Amounts owed by group undertakings 489,241 499,335
Other debtors 165,203 244,318
1,710,936 1,718,249

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,994 9,747
Hire purchase contracts and finance leases (see note 9)
65,823

62,261
Trade creditors 535,529 531,972
Taxation and social security 183,511 118,463
Other creditors 469,999 551,929
1,264,856 1,274,372

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,752 30,746
Hire purchase contracts and finance leases (see note 9)
152,988

103,998
173,740 134,744

Martyn Barratt Transport Limited (Registered number: 04031561)

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


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2023 2022 2023 2022
£    £    £    £   
Net obligations repayable:
Within one year 65,823 46,016 - 16,245
Between one and five years 152,988 103,998 - -
218,811 150,014 - 16,245

Non-cancellable operating leases
2023 2022
£    £   
Within one year 561,875 516,780
Between one and five years 805,765 734,250
1,367,640 1,251,030

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 30,746 40,493
Invoice discounting advance 422,679 380,340
Hire purchase & finance leases 218,811 166,259
672,236 587,092

The bank loan and invoice discounting advance are secured by way of legal charge over the assets of the company.

Various hire purchase contracts are secured on the specific plant items to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

Martyn Barratt Transport Limited (Registered number: 04031561)

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


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following loans (repayable on demand with interest at official rate) to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr D J Barratt
Balance outstanding at start of year 18,088 -
Amounts advanced - 18,786
Amounts repaid (18,088 ) (698 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 18,088

Mrs L R Barratt
Balance outstanding at start of year - -
Amounts advanced 21,102 -
Amounts repaid (2,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,602 -

13. PARENT COMPANY

The company is a 100% owned subsidiary of Marlin Holdings (Nottingham) Limited, a company registered in England and Wales, with the same registered office as this company.