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REGISTERED NUMBER: 02708174 (England and Wales)







Unaudited Financial Statements for the Year Ended 30 June 2023

for

M & M Trailers Ltd

M & M Trailers Ltd (Registered number: 02708174)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M & M Trailers Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J D Macleod
Mrs J J Macleod





SECRETARY: Mrs J J Macleod





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 02708174 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

M & M Trailers Ltd (Registered number: 02708174)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 168,555 112,460

CURRENT ASSETS
Debtors 5 682,472 552,289
Cash at bank and in hand 659,431 830,691
1,341,903 1,382,980
CREDITORS
Amounts falling due within one year 6 338,254 339,055
NET CURRENT ASSETS 1,003,649 1,043,925
TOTAL ASSETS LESS CURRENT LIABILITIES 1,172,204 1,156,385

CREDITORS
Amounts falling due after more than one year 7 (11,643 ) (16,007 )

PROVISIONS FOR LIABILITIES (38,650 ) (19,962 )
NET ASSETS 1,121,911 1,120,416

CAPITAL AND RESERVES
Called up share capital 9 115 115
Retained earnings 10 1,121,796 1,120,301
SHAREHOLDERS' FUNDS 1,121,911 1,120,416

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.

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 Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:



J D Macleod - Director


M & M Trailers Ltd (Registered number: 02708174)

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

1. STATUTORY INFORMATION

M & M Trailers Ltd 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.

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.

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.
Short leasehold - Straight line over the life of the lease
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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
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.

M & M Trailers Ltd (Registered number: 02708174)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 July 2022 14,401 2,912 133,516
Additions - 8,651 34,840
Disposals - - (27,813 )
At 30 June 2023 14,401 11,563 140,543
DEPRECIATION
At 1 July 2022 7,894 2,912 74,080
Charge for year 941 301 14,781
Eliminated on disposal - - (27,813 )
At 30 June 2023 8,835 3,213 61,048
NET BOOK VALUE
At 30 June 2023 5,566 8,350 79,495
At 30 June 2022 6,507 - 59,436

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 3,622 148,701 4,103 307,255
Additions 3,236 45,634 159 92,520
Disposals - (21,477 ) - (49,290 )
At 30 June 2023 6,858 172,858 4,262 350,485
DEPRECIATION
At 1 July 2022 1,631 105,136 3,142 194,795
Charge for year 895 16,244 380 33,542
Eliminated on disposal - (18,594 ) - (46,407 )
At 30 June 2023 2,526 102,786 3,522 181,930
NET BOOK VALUE
At 30 June 2023 4,332 70,072 740 168,555
At 30 June 2022 1,991 43,565 961 112,460

M & M Trailers Ltd (Registered number: 02708174)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022 26,900 15,395 42,295
Transfer to ownership - (15,395 ) (15,395 )
At 30 June 2023 26,900 - 26,900
DEPRECIATION
At 1 July 2022 4,954 9,035 13,989
Charge for year 4,389 - 4,389
Transfer to ownership - (9,035 ) (9,035 )
At 30 June 2023 9,343 - 9,343
NET BOOK VALUE
At 30 June 2023 17,557 - 17,557
At 30 June 2022 21,946 6,360 28,306

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 568,251 460,916
Other debtors 26,372 18,762
Prepayments and accrued income 87,849 72,611
682,472 552,289

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 15,177 7,617
Hire purchase contracts (see note 8) 6,402 10,163
Trade creditors 232,913 124,942
Tax 10,579 77,347
Social security and other taxes 15,420 29,829
VAT 57,389 77,573
Other creditors - 11,117
Directors' loan accounts 374 467
338,254 339,055

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 10,948 6,843
Bank loans - 2-5 years 695 2,762
Hire purchase contracts (see note 8) - 6,402
11,643 16,007

M & M Trailers Ltd (Registered number: 02708174)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.23 30.6.22
£    £   
Net obligations repayable:
Within one year 6,402 10,163
Between one and five years - 6,402
6,402 16,565

Non-cancellable operating leases
30.6.23 30.6.22
£    £   
Within one year 124,767 100,754
Between one and five years - 100,754
124,767 201,508

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1.00 100 100
10 Ordinary B £1.00 10 10
5 Ordinary C £1.00 5 5
115 115

10. RESERVES
Retained
earnings
£   

At 1 July 2022 1,120,301
Profit for the year 88,995
Dividends (87,500 )
At 30 June 2023 1,121,796