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Company Registration No. 2245354 (England and Wales)
M.R. HORN TRANSPORT LIMITED Unaudited accounts for the year ended 30 April 2024
M.R. HORN TRANSPORT LIMITED Unaudited accounts Contents
Page
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M.R. HORN TRANSPORT LIMITED Company Information for the year ended 30 April 2024
Director
M R Horn
Company Number
2245354 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS HIGH STREET CREDITON DEVON EX17 3AH
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M.R. HORN TRANSPORT LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
351,800 
381,066 
Investments
323,545 
311,856 
675,345 
692,922 
Current assets
Inventories
1,617 
4,643 
Debtors
136,480 
85,801 
Cash at bank and in hand
(117)
201 
137,980 
90,645 
Creditors: amounts falling due within one year
(231,478)
(246,367)
Net current liabilities
(93,498)
(155,722)
Total assets less current liabilities
581,847 
537,200 
Creditors: amounts falling due after more than one year
(432,182)
(409,509)
Net assets
149,665 
127,691 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
149,565 
127,591 
Shareholders' funds
149,665 
127,691 
For the year ending 30 April 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 20 September 2024 and were signed on its behalf by
M R Horn Director Company Registration No. 2245354
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M.R. HORN TRANSPORT LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
M.R. HORN TRANSPORT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 2245354. The registered office is LLOYDS BANK CHAMBERS, HIGH STREET, CREDITON, DEVON, EX17 3AH.
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.
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
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
3,649 
130,781 
565,130 
699,560 
Additions
- 
10,061 
85,000 
95,061 
Disposals
- 
(49,670)
(110,198)
(159,868)
At 30 April 2024
3,649 
91,172 
539,932 
634,753 
Depreciation
At 1 May 2023
- 
50,385 
268,109 
318,494 
Charge for the year
- 
9,845 
51,593 
61,438 
On disposals
- 
(24,848)
(72,131)
(96,979)
At 30 April 2024
- 
35,382 
247,571 
282,953 
Net book value
At 30 April 2024
3,649 
55,790 
292,361 
351,800 
At 30 April 2023
3,649 
80,396 
297,021 
381,066 
5
Investments
Other investments 
£ 
Valuation at 1 May 2023
311,856 
Additions
11,689 
Valuation at 30 April 2024
323,545 
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M.R. HORN TRANSPORT LIMITED Notes to the Accounts for the year ended 30 April 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,223 
22,544 
Accrued income and prepayments
3,595 
41,089 
Other debtors
89,662 
22,168 
136,480 
85,801 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
83,799 
58,251 
VAT
(2,436)
4,671 
Obligations under finance leases and hire purchase contracts
82,125 
93,683 
Trade creditors
40,588 
48,801 
Taxes and social security
14,987 
28,635 
Other creditors
312 
223 
Loans from directors
9,047 
9,047 
Accruals
3,056 
3,056 
231,478 
246,367 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,875 
30,241 
Obligations under finance leases and hire purchase contracts
145,313 
147,415 
Other creditors
271,994 
231,853 
432,182 
409,509 
9
Transactions with related parties
The company had sales of £410,215 to MR Horn & Partners LLP in the year ended 30 April 2024. Nothing was owing at the year end. These transactions were on an arms length basis. MR Horn Transport Limited is a partner of MR Horn & Partners LLP. The company also received a profit share of £11,389 from MR Horn & Partners LLP, representing 5% interest on the members fixed capital.
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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