Company Registration No. 11784236 (England and Wales)
Paul Morrison Transport Limited
Unaudited accounts
for the year ended 31 January 2024
Paul Morrison Transport Limited
Unaudited accounts
Contents
Paul Morrison Transport Limited
Company Information
for the year ended 31 January 2024
Company Number
11784236 (England and Wales)
Registered Office
105 WITTON STREET
NORTHWICH
CW9 5DR
ENGLAND
Paul Morrison Transport Limited
Statement of financial position
as at 31 January 2024
Tangible assets
1,247
1,184
Cash at bank and in hand
4,380
13,392
Creditors: amounts falling due within one year
(12,099)
(37,912)
Net current (liabilities)/assets
(2,265)
3,137
Net (liabilities)/assets
(1,018)
4,321
Called up share capital
2
2
Profit and loss account
(1,020)
4,319
Shareholders' funds
(1,018)
4,321
For the year ending 31 January 2024 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 23 April 2024 and were signed on its behalf by
Mr Paul Morrison
Director
Company Registration No. 11784236
Paul Morrison Transport Limited
Notes to the Accounts
for the year ended 31 January 2024
Paul Morrison Transport Limited is a private company, limited by shares, registered in England and Wales, registration number 11784236. The registered office is 105 WITTON STREET, NORTHWICH, CW9 5DR, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
167
2,760
2,927
At 31 January 2024
167
3,558
3,725
At 1 February 2023
139
1,604
1,743
Charge for the year
28
707
735
At 31 January 2024
167
2,311
2,478
At 31 January 2024
-
1,247
1,247
At 31 January 2023
28
1,156
1,184
Paul Morrison Transport Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Accrued income and prepayments
4,098
6,798
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,305
9,726
Taxes and social security
97
2,064
Loans from directors
-
10,164
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).