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REGISTERED NUMBER: 08563486 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

M J MAY TRANSPORT LIMITED

M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M J MAY TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTOR: M J May



REGISTERED OFFICE: 67 Chorley Old Road
Bolton
BL1 3AJ



REGISTERED NUMBER: 08563486 (England and Wales)



ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ



BANKERS: Barclays Bank PLC
The Wellsprings
Victoria Square
Bolton
BL1 1FH

M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)

ABRIDGED BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 732,730 780,193
Investments 5 2 2
732,732 780,195

CURRENT ASSETS
Stocks 33,830 31,020
Debtors 1,008,817 895,459
Cash at bank 113,523 208,493
1,156,170 1,134,972
CREDITORS
Amounts falling due within one year 1,286,117 1,280,222
NET CURRENT LIABILITIES (129,947 ) (145,250 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

602,785

634,945

CREDITORS
Amounts falling due after more than one
year

(159,797

)

(222,426

)

PROVISIONS FOR LIABILITIES (150,206 ) (143,033 )
NET ASSETS 292,782 269,486

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 292,682 269,386
SHAREHOLDERS' FUNDS 292,782 269,486

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)

ABRIDGED BALANCE SHEET - continued
30TH SEPTEMBER 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 30th September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th January 2024 and were signed by:





M J May - Director


M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

M J May 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 preparing the financial statements
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.

The financial statements have been prepared on a going concern basis which assumes the continued support of the company's creditors

Turnover
Revenue, expressed as turnover, represents the amount received from services provided, net of value added tax.

Depreciation
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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance and Straight line over 8 years
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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.

M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2022 1,395,311
Additions 151,912
Disposals (35,044 )
At 30th September 2023 1,512,179
DEPRECIATION
At 1st October 2022 615,118
Charge for year 182,135
Eliminated on disposal (17,804 )
At 30th September 2023 779,449
NET BOOK VALUE
At 30th September 2023 732,730
At 30th September 2022 780,193

M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st October 2022
and 30th September 2023 985,212
DEPRECIATION
At 1st October 2022 449,835
Charge for year 32,004
At 30th September 2023 481,839
NET BOOK VALUE
At 30th September 2023 503,373
At 30th September 2022 535,377

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st October 2022
and 30th September 2023 2
NET BOOK VALUE
At 30th September 2023 2
At 30th September 2022 2

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 221,418 302,140
Invoice discounting account 638,170 599,711
859,588 901,851

The invoice discounting account is secured by a fixed and floating charge over the company's assets dated 23rd May 2017 and by an unlimited guarantee from the company's director.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

8. OTHER FINANCIAL COMMITMENTS

At 30th September 2023 the company had future obligations under operating leases totalling £1,212 all of which was due within one year.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
M J May
Balance outstanding at start of year - -
Amounts advanced 121,021 -
Amounts repaid (81,274 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,747 -

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by its director who has a beneficial interest in all of the issued share capital.