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Company Registration No. 04948148 (England and Wales)
Manor Transport (Arundel) Ltd Unaudited accounts for the year ended 31 December 2023
Manor Transport (Arundel) Ltd Unaudited accounts Contents
Page
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Manor Transport (Arundel) Ltd Company Information for the year ended 31 December 2023
Director
Robert John Fox
Company Number
04948148 (England and Wales)
Registered Office
4 Holmesdale Road Bexhill-on-Sea TN39 3QE
Accountants
Samantha Thompson Limited 1 Halliford Drive Barnham Bognor Regis PO22 0AB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Manor Transport (Arundel) Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Manor Transport (Arundel) Ltd for the year ended 31 December 2023 as set out on pages 5 - 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Manor Transport (Arundel) Ltd, as a body, in accordance with the terms of our engagement letter dated 25 May 2018. Our work has been undertaken solely to prepare for your approval the accounts of Manor Transport (Arundel) Ltd and state those matters that we have agreed to state to the Board of Directors of Manor Transport (Arundel) Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Manor Transport (Arundel) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Manor Transport (Arundel) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Manor Transport (Arundel) Ltd. You consider that Manor Transport (Arundel) 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 accounts of Manor Transport (Arundel) 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 accounts.
Samantha Thompson Limited Chartered Accountants 1 Halliford Drive Barnham Bognor Regis PO22 0AB 6 August 2024
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Manor Transport (Arundel) Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
160,763 
143,772 
Current assets
Inventories
2,000 
2,000 
Debtors
157,073 
130,584 
Cash at bank and in hand
103,618 
122,308 
262,691 
254,892 
Creditors: amounts falling due within one year
(220,882)
(205,375)
Net current assets
41,809 
49,517 
Total assets less current liabilities
202,572 
193,289 
Creditors: amounts falling due after more than one year
(34,207)
(58,957)
Provisions for liabilities
Deferred tax
(40,191)
(27,316)
Net assets
128,174 
107,016 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
127,174 
106,016 
Shareholders' funds
128,174 
107,016 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 August 2024 and were signed on its behalf by
Robert John Fox Director Company Registration No. 04948148
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Manor Transport (Arundel) Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Manor Transport (Arundel) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04948148. The registered office is 4 Holmesdale Road, Bexhill-on-Sea, TN39 3QE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the date the service is performed.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
30% on the reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories consists of stocks of spare tyres for the lorries and have been valued at cost less regard for obsolete items.
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Manor Transport (Arundel) Ltd Notes to the Accounts for the year ended 31 December 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
9,000 
At 31 December 2023
9,000 
Amortisation
At 1 January 2023
9,000 
At 31 December 2023
9,000 
Net book value
At 31 December 2023
- 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
311,933 
Additions
97,500 
Disposals
(68,750)
At 31 December 2023
340,683 
Depreciation
At 1 January 2023
168,161 
Charge for the year
68,900 
On disposals
(57,141)
At 31 December 2023
179,920 
Net book value
At 31 December 2023
160,763 
At 31 December 2022
143,772 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
120,330 
108,640 
6
Inventories
2023 
2022 
£ 
£ 
Raw materials
2,000 
2,000 
2,000 
2,000 
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Manor Transport (Arundel) Ltd Notes to the Accounts for the year ended 31 December 2023
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
124,938 
108,091 
Accrued income and prepayments
27,135 
19,779 
Other debtors
5,000 
2,714 
157,073 
130,584 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
22,935 
24,289 
Obligations under finance leases and hire purchase contracts
51,194 
35,347 
Trade creditors
92,969 
107,164 
Taxes and social security
18,541 
17,750 
Loans from directors
1,198 
2,073 
Accruals
24,045 
8,752 
220,882 
205,375 
The obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,167 
24,166 
Obligations under finance leases and hire purchase contracts
20,040 
34,791 
34,207 
58,957 
The obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.
10
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
40,191 
27,316 
2023 
2022 
£ 
£ 
Provision at start of year
27,316 
17,356 
Charged to the profit and loss account
12,875 
9,960 
Provision at end of year
40,191 
27,316 
11
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
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Manor Transport (Arundel) Ltd Notes to the Accounts for the year ended 31 December 2023
12
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
2,080 
2,080 
13
Average number of employees
During the year the average number of employees was 9 (2022: 10).
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