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REGISTERED NUMBER: NI627744 (Northern Ireland)














Unaudited Financial Statements

FOR THE YEAR ENDED

30 November 2023

for

M J HOGG TRANSPORT LTD

M J HOGG TRANSPORT LTD (REGISTERED NUMBER: NI627744)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M J HOGG TRANSPORT LTD

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: M Hogg





REGISTERED OFFICE: 28 Orrs Lane
Lisburn
BT27 5JG





REGISTERED NUMBER: NI627744 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

M J HOGG TRANSPORT LTD (REGISTERED NUMBER: NI627744)

Balance Sheet
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 40,000
Tangible assets 5 69,873 87,048
Investment property 6 145,830 145,830
235,703 272,878

CURRENT ASSETS
Debtors 7 58,444 83,700
Cash at bank 276,889 243,619
335,333 327,319
CREDITORS
Amounts falling due within one year 8 98,252 106,064
NET CURRENT ASSETS 237,081 221,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

472,784

494,133

PROVISIONS FOR LIABILITIES 13,275 16,539
NET ASSETS 459,509 477,594

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 459,409 477,494
459,509 477,594

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 HOGG TRANSPORT LTD (REGISTERED NUMBER: NI627744)

Balance Sheet - continued
30 NOVEMBER 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 director and authorised for issue on 29 August 2024 and were signed by:





M Hogg - Director


M J HOGG TRANSPORT LTD (REGISTERED NUMBER: NI627744)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

M J Hogg Transport Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 J HOGG TRANSPORT LTD (REGISTERED NUMBER: NI627744)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 200,000
AMORTISATION
At 1 December 2022 160,000
Charge for year 20,000
At 30 November 2023 180,000
NET BOOK VALUE
At 30 November 2023 20,000
At 30 November 2022 40,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 222,923
Additions 19,419
Disposals (61,150 )
At 30 November 2023 181,192
DEPRECIATION
At 1 December 2022 135,875
Charge for year 20,225
Eliminated on disposal (44,781 )
At 30 November 2023 111,319
NET BOOK VALUE
At 30 November 2023 69,873
At 30 November 2022 87,048

M J HOGG TRANSPORT LTD (REGISTERED NUMBER: NI627744)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 145,830
NET BOOK VALUE
At 30 November 2023 145,830
At 30 November 2022 145,830

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 55,777 81,117
Other debtors 2,667 2,583
58,444 83,700

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 850 -
Trade creditors 49,586 31,278
Taxation and social security 19,407 38,239
Other creditors 28,409 36,547
98,252 106,064