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REGISTERED NUMBER: 07930237 (England and Wales)









STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

AUSSIE MAN & VAN LIMITED

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

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










Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15


AUSSIE MAN & VAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: A Ward Thomas
C A S Rickards





SECRETARY: J Kok





REGISTERED OFFICE: 141 Acton Lane
London
NW10 7PB





REGISTERED NUMBER: 07930237 (England and Wales)





AUDITORS: Fawcetts LLP
Chartered Accountants
and Statutory Auditors
Windover House
St. Ann Street
Salisbury
SP1 2DR

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023


The directors present their strategic report for the year ended 30 September 2023.

REVIEW OF BUSINESS
The year ended 30 September 2023 has seen a small increase in turnover when compared to the previous year. However, the general economic climate with relatively high interest rates and the impact on the housing market meant that the results were down on budget. The company has a high level of ongoing storage revenue which means that it is not solely reliant upon a healthy housing market. The impact of high inflation also led to increased costs and a reduction in profitability when compared to previous years and targets. Overall the company remains in a strong and stable position with significant cash reserves and no bank loans.

The directors and management continue to monitor operational and overhead costs to identify opportunities for cost cutting measures whilst maintaining the company's high standards of customer service. In the context of the Key Performance Indicators mentioned below, when taking into account the general economic conditions faced by the company, the directors are satisfied with the profit generated in the financial year.

Key performance indicators

2023 2022
Turnover £5,964,979 £5,264,719
Gross profit 27.8% 32.3%
EBITDA % 9.1% 16.1%
Profit before tax % 7.2% 13.4%

The directors assess the performance of the business by reference to two main measurements seeking to achieve an EBITDA of 15% and a EBITA of 10%. The board regularly meet to consider management accounts and to compare actual results to the stated financial objectives and budgets.

Health and safety, employees and environment
The company aims to identify, assess and control occupational health hazards and, where practicable, to eliminate work related diseases. Every new case of an occupational disease is reported.

The directors believe that every work-related incident, illness and injury is preventable. Every new case of a work related injury is reported to the board, including outcomes of and corrective action resulting from regular Health and Safety inspections.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors consider the main financial risks to the business as being the volatility in the commercial and residential property market resulting from interest rate movements. The company seeks to limit these business risks by offering on-site storage facilities to generate recurring income and by diversifying into other areas such as value added distribution services.


AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023

FUTURE DEVELOPMENTS
The current economic climate and its impact on the company's typical customer has lead to the company turnover not reaching budgeted levels in 23/24 so far, but it still remains profitable and in a strong and stable position.

ON BEHALF OF THE BOARD:




C A S Rickards - Director


21 August 2024

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


The directors present their report with the financial statements of the company for the year ended 30 September 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of removals and storage.

DIVIDENDS
An interim dividend of £600,000 was paid on 26 September 2023. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30 September 2023 will be £600,000.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2022 to the date of this report.

A Ward Thomas
C A S Rickards

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


AUDITORS
The auditors, Fawcetts LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





C A S Rickards - Director


21 August 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AUSSIE MAN & VAN LIMITED


Opinion
We have audited the financial statements of Aussie Man & Van Limited (the 'company') for the year ended 30 September 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AUSSIE MAN & VAN LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AUSSIE MAN & VAN LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities and fraud
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations we consider the following:

- the nature of the industry/sector, control environment and financial performance;

-
results of our enquiries of management about their own identification and assessment of the risk of
irregularities;
- any matters we identified having obtained and reviewed the company's documentation of their policies and
procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any
instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected
or alleged fraud; and
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;.
- the matters discussed among the audit engagement team regarding how and where fraud might occur in the
financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following area: revenue and profit recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We have also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.

Audit response to risk identified
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
As a result of performing the above, we identified revenue and profit recognition, stock valuation, estimation techniques and management override of controls as key matters related to the potential risk of fraud or material misstatement. Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of
material misstatement due to fraud;

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AUSSIE MAN & VAN LIMITED

- understanding the entity's revenue recognition policies and how they are applied, including the relevant
controls and processes and performing a walk-through to validate our understanding;
- performing analytical procedures to compare revenue recognised against expectations, past results, and
management forecasts, and investigated material divergences by obtaining corroborative evidence;
- reading minutes of meetings of those charged with governance and reviewing any correspondence with HMRC;
and

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Simon Ellingham FCA (Senior Statutory Auditor)
for and on behalf of Fawcetts LLP
Chartered Accountants
and Statutory Auditors
Windover House
St. Ann Street
Salisbury
SP1 2DR

21 August 2024

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2023 2022
Notes £    £   

TURNOVER 5,964,979 5,264,719

Cost of sales 4,305,252 3,564,728
GROSS PROFIT 1,659,727 1,699,991

Administrative expenses 1,233,799 991,222
OPERATING PROFIT 425,928 708,769

Interest receivable and similar income 7,102 719
433,030 709,488

Interest payable and similar expenses 4 4,592 5,407
PROFIT BEFORE TAXATION 5 428,438 704,081

Tax on profit 6 91,312 119,131
PROFIT FOR THE FINANCIAL YEAR 337,126 584,950

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

337,126

584,950

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 290,877 268,056
290,877 268,056

CURRENT ASSETS
Debtors 10 4,674,350 4,490,264
Cash at bank 1,038,837 896,693
5,713,187 5,386,957
CREDITORS
Amounts falling due within one year 11 1,456,553 858,021
NET CURRENT ASSETS 4,256,634 4,528,936
TOTAL ASSETS LESS CURRENT LIABILITIES 4,547,511 4,796,992

PROVISIONS FOR LIABILITIES 12 13,393 -
NET ASSETS 4,534,118 4,796,992

CAPITAL AND RESERVES
Called up share capital 13 337,028 337,028
Share premium 14 582,694 582,694
Retained earnings 14 3,614,396 3,877,270
SHAREHOLDERS' FUNDS 4,534,118 4,796,992

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





C A S Rickards - Director


AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 October 2021 337,028 3,292,320 582,694 4,212,042

Changes in equity
Total comprehensive income - 584,950 - 584,950
Balance at 30 September 2022 337,028 3,877,270 582,694 4,796,992

Changes in equity
Dividends - (600,000 ) - (600,000 )
Total comprehensive income - 337,126 - 337,126
Balance at 30 September 2023 337,028 3,614,396 582,694 4,534,118

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 982,326 380,787
Interest paid (5 ) -
Interest element of hire purchase or finance
lease rental payments paid

(4,587

)

(5,407

)
Tax paid (100,462 ) (137,126 )
Net cash from operating activities 877,272 238,254

Cash flows from investing activities
Purchase of tangible fixed assets (142,230 ) (120,034 )
Interest received 7,102 719
Net cash from investing activities (135,128 ) (119,315 )

Cash flows from financing activities
Equity dividends paid (600,000 ) -
Net cash from financing activities (600,000 ) -

Increase in cash and cash equivalents 142,144 118,939
Cash and cash equivalents at beginning of
year

2

896,693

777,754

Cash and cash equivalents at end of year 2 1,038,837 896,693

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2023 2022
£    £   
Profit before taxation 428,438 704,081
Depreciation charges 119,409 141,152
Finance costs 4,592 5,407
Finance income (7,102 ) (719 )
545,337 849,921
Increase in trade and other debtors (184,086 ) (399,795 )
Increase/(decrease) in trade and other creditors 621,075 (69,339 )
Cash generated from operations 982,326 380,787

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 1,038,837 896,693
Year ended 30 September 2022
30.9.22 1.10.21
£    £   
Cash and cash equivalents 896,693 777,754


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.22 Cash flow At 30.9.23
£    £    £   
Net cash
Cash at bank 896,693 142,144 1,038,837
896,693 142,144 1,038,837
Total 896,693 142,144 1,038,837

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

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


1. STATUTORY INFORMATION

Aussie Man & Van 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.

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" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of two years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 20% on cost

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Exceptional items
The company classifies certain one-off charges or credits that have a material impact on the financial results as ‘exceptional items’. These are disclosed separately to provide further understanding of the financial performance of the company.

3. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 2,775,958 2,327,243
Social security costs 237,378 203,495
Other pension costs 42,904 38,023
3,056,240 2,568,761

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

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


3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2023 2022

Sales and administration 12 12
Operations 74 67
86 79

2023 2022
£    £   
Directors' remuneration - -

4. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Other interest 5 -
Hire purchase 4,587 5,407
4,592 5,407

5. PROFIT BEFORE TAXATION

The profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 50,682 75,450
Depreciation - assets on hire purchase contracts or finance leases 68,727 65,702
Auditors' remuneration 6,804 6,300

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 77,919 118,906
(Over)/Under provision in
prior year - 225
Total current tax 77,919 119,131

Deferred tax 13,393 -
Tax on profit 91,312 119,131

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

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


6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 428,438 704,081
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2022 - 19%)

107,110

133,775

Effects of:
Capital allowances in excess of depreciation (18,599 ) (14,869 )
Adjustments to tax charge in respect of previous periods - 225
Effect of changes in the tax rate (10,592 ) -

Movement on deferred tax 13,393 -
Total tax charge 91,312 119,131

7. DIVIDENDS
2023 2022
£    £   
Ordinary shares of £1 each
Interim 600,000 -

8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 100,000
AMORTISATION
At 1 October 2022
and 30 September 2023 100,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

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


9. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2022 48,713 936,784 985,497
Additions 2,081 140,149 142,230
At 30 September 2023 50,794 1,076,933 1,127,727
DEPRECIATION
At 1 October 2022 30,516 686,925 717,441
Charge for year 7,074 112,335 119,409
At 30 September 2023 37,590 799,260 836,850
NET BOOK VALUE
At 30 September 2023 13,204 277,673 290,877
At 30 September 2022 18,197 249,859 268,056

Included within motor vehicles are assets with a total net book value of £106,522 (2022 £175,249) that are held under hire purchase contracts. The hire purchase liabilities are included in the financial statements of the immediate parent company, Master Removers Group Ltd.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 399,963 70,271
Due from group companies 4,227,966 4,409,568
Other debtors 16,260 6,210
Prepayments and accrued income 30,161 4,215
4,674,350 4,490,264

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 30,806 74,895
Trade creditors 56,398 41,118
Owed to group companies 668,134 55,780
Corporation tax 40,980 63,523
Social security and other taxes 416,835 318,876
Accruals and deferred income 243,400 303,829
1,456,553 858,021

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

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


12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 13,393 -

Deferred
tax
£   
Charge to Statement of Comprehensive Income during year 13,393
Balance at 30 September 2023 13,393

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
337,028 Ordinary £1 337,028 337,028

14. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 October 2022 3,877,270 582,694 4,459,964
Profit for the year 337,126 - 337,126
Dividends (600,000 ) - (600,000 )
At 30 September 2023 3,614,396 582,694 4,197,090

15. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The directors are considered to be the key management personnel of the company. They are remunerated at group level.

AUSSIE MAN & VAN LIMITED (REGISTERED NUMBER: 07930237)

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


16. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Master Removers Group Limited.

During the year ended 30 September 2023 the ultimate parent company was Master Removers Group 2019 Ltd.

On 6 February 2024 Master Removers Group 2023 became the ultimate parent company.

In the opinion of the directors, no one individual has control of Master Removers Group 2019 Ltd or Master Removers Group 2023 Ltd.