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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
Page
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Paul Morrison Transport Limited Company Information for the year ended 31 January 2024
Director
Mr Paul Morrison
Company Number
11784236 (England and Wales)
Registered Office
105 WITTON STREET NORTHWICH CW9 5DR ENGLAND
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Paul Morrison Transport Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,247 
1,184 
Current assets
Debtors
5,454 
27,657 
Cash at bank and in hand
4,380 
13,392 
9,834 
41,049 
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 
Capital and reserves
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
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Paul Morrison Transport Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
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 as modified by the revaluation of certain fixed assets.
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 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:
Fixtures & fittings
25%
Computer equipment
33%
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 
Additions
- 
798 
798 
At 31 January 2024
167 
3,558 
3,725 
Depreciation
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 
Net book value
At 31 January 2024
- 
1,247 
1,247 
At 31 January 2023
28 
1,156 
1,184 
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Paul Morrison Transport Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
20,859 
Accrued income and prepayments
4,098 
6,798 
4,098 
27,657 
Amounts falling due after more than one year
Other debtors
1,356 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,697 
5,958 
Trade creditors
2,305 
9,726 
Taxes and social security
97 
2,064 
Loans from directors
- 
10,164 
Accruals
8,000 
10,000 
12,099 
37,912 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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