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REGISTERED NUMBER: 09702977 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

MCS TRANSPORT LTD

MCS TRANSPORT LTD (REGISTERED NUMBER: 09702977)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCS TRANSPORT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: M Pryor
Mrs R D Pryor
Mrs R D Pryor





REGISTERED OFFICE: Church Farm
Willey
Warwickshire
CV23 0SH





REGISTERED NUMBER: 09702977 (England and Wales)





ACCOUNTANTS: AEH Accountancy Ltd
Church Farm
Main Street
Willey
Warwickshire
CV23 0SH

MCS TRANSPORT LTD (REGISTERED NUMBER: 09702977)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,475 96,314

CURRENT ASSETS
Debtors 5 294,452 285,220
Cash at bank 506 7,268
294,958 292,488
CREDITORS
Amounts falling due within one year 6 368,383 375,384
NET CURRENT LIABILITIES (73,425 ) (82,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,050

13,418

CREDITORS
Amounts falling due after more than one
year

7

(8,871

)

(26,244

)

PROVISIONS FOR LIABILITIES 8 (3,797 ) (4,883 )
NET LIABILITIES (9,618 ) (17,709 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (9,718 ) (17,809 )
SHAREHOLDERS' FUNDS (9,618 ) (17,709 )

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

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

MCS TRANSPORT LTD (REGISTERED NUMBER: 09702977)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





M Pryor - Director


MCS TRANSPORT LTD (REGISTERED NUMBER: 09702977)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

MCS Transport 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.

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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

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.

Financial instruments

Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.


MCS TRANSPORT LTD (REGISTERED NUMBER: 09702977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 224,000 2,192 226,192
DEPRECIATION
At 1 August 2022 128,464 1,414 129,878
Charge for year 19,107 732 19,839
At 31 July 2023 147,571 2,146 149,717
NET BOOK VALUE
At 31 July 2023 76,429 46 76,475
At 31 July 2022 95,536 778 96,314

MCS TRANSPORT LTD (REGISTERED NUMBER: 09702977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022
and 31 July 2023 125,588
DEPRECIATION
At 1 August 2022 54,968
Charge for year 14,124
At 31 July 2023 69,092
NET BOOK VALUE
At 31 July 2023 56,496
At 31 July 2022 70,620

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 90,797 77,734
Other debtors 108,008 108,008
Directors' current accounts 95,647 99,478
294,452 285,220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 17,373 35,042
Trade creditors 50,967 111,026
Tax 20,913 2,115
Social security and other taxes 2,981 2,832
VAT 274,549 223,169
Accrued expenses 1,600 1,200
368,383 375,384

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 8,871 26,244

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,797 4,883

MCS TRANSPORT LTD (REGISTERED NUMBER: 09702977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 4,883
Provided during year (1,086 )
Balance at 31 July 2023 3,797

9. RELATED PARTY DISCLOSURES

As at the year ended 31 July 2023, there was a balance owed from the director, M Pryor, of £60,169 (2022 £77,021). This amount is included within debtors on the balance sheet.

As at the year ended 31 July 2023 there was a balance owed from the director, R Pryor, of £35,479 (2022 £22,457). This amount is included within debtor son the balance sheet.