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REGISTERED NUMBER: SC368212 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MICHAEL DUNLOP TRANSPORT CONSULTANCY LTD

MICHAEL DUNLOP TRANSPORT CONSULTANCY LTD (REGISTERED NUMBER: SC368212)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

MICHAEL DUNLOP TRANSPORT CONSULTANCY LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: M Dunlop





REGISTERED OFFICE: Woods View
Kintessack
Forres
Morayshire
IV36 2TG





REGISTERED NUMBER: SC368212 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

MICHAEL DUNLOP TRANSPORT CONSULTANCY LTD (REGISTERED NUMBER: SC368212)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 42,819 29,838

CURRENT ASSETS
Debtors 6 45,838 51,096
Cash at bank 146,406 131,214
192,244 182,310
CREDITORS
Amounts falling due within one year 7 68,442 72,027
NET CURRENT ASSETS 123,802 110,283
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,621

140,121

CREDITORS
Amounts falling due after more than one year 8 11,664 17,496
NET ASSETS 154,957 122,625

CAPITAL AND RESERVES
Called up share capital 10 9 9
Retained earnings 154,948 122,616
SHAREHOLDERS' FUNDS 154,957 122,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 April 2024 and were signed by:





M Dunlop - Director


MICHAEL DUNLOP TRANSPORT CONSULTANCY LTD (REGISTERED NUMBER: SC368212)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Michael Dunlop Transport Consultancy Ltd is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MICHAEL DUNLOP TRANSPORT CONSULTANCY LTD (REGISTERED NUMBER: SC368212)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 3,503 50,900 2,630 57,033
Additions - 53,090 266 53,356
Disposals - (48,890 ) - (48,890 )
At 31 December 2023 3,503 55,100 2,896 61,499
DEPRECIATION
At 1 January 2023 3,106 22,636 1,453 27,195
Charge for year 117 13,354 361 13,832
Eliminated on disposal - (22,347 ) - (22,347 )
At 31 December 2023 3,223 13,643 1,814 18,680
NET BOOK VALUE
At 31 December 2023 280 41,457 1,082 42,819
At 31 December 2022 397 28,264 1,177 29,838

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,755 50,729
Prepayments 83 367
45,838 51,096

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 5,832 5,832
Tax 32,460 37,200
Social security and other taxes 199 -
VAT 26,826 26,731
T Dunlop Loan Account - 12
Directors' current accounts 1,475 929
Accrued expenses 1,650 1,323
68,442 72,027

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 11,664 17,496

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,832 5,832

MICHAEL DUNLOP TRANSPORT CONSULTANCY LTD (REGISTERED NUMBER: SC368212)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

9. LOANS - continued
2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 5,832 5,832

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,832 11,664

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
9 Ordinary £1 9 9

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M Dunlop
Balance outstanding at start of year (941 ) (625 )
Amounts advanced 66 -
Amounts repaid (600 ) (316 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,475 ) (941 )

These amounts bear no interest and have no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MICHAEL DUNLOP TRANSPORT CONSULTANCY LTD (REGISTERED NUMBER: SC368212)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Michael Dunlop Transport Consultancy Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Michael Dunlop Transport Consultancy Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Michael Dunlop Transport Consultancy Ltd and state those matters that we have agreed to state to the director of Michael Dunlop Transport Consultancy Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Michael Dunlop Transport Consultancy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Michael Dunlop Transport Consultancy Ltd. You consider that Michael Dunlop Transport Consultancy Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Michael Dunlop Transport Consultancy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


8 April 2024