Macann Haulage Limited 07500391 false 2023-03-01 2024-08-31 2024-08-31 The principal activity of the company is Freight transport by road Digita Accounts Production Advanced 6.30.9574.0 true true 07500391 2023-03-01 2024-08-31 07500391 2024-08-31 07500391 bus:OrdinaryShareClass1 2024-08-31 07500391 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-08-31 07500391 core:CurrentFinancialInstruments 2024-08-31 07500391 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07500391 core:Non-currentFinancialInstruments 2024-08-31 07500391 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 07500391 core:FurnitureFittingsToolsEquipment 2024-08-31 07500391 core:OtherPropertyPlantEquipment 2024-08-31 07500391 bus:SmallEntities 2023-03-01 2024-08-31 07500391 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-08-31 07500391 bus:FullAccounts 2023-03-01 2024-08-31 07500391 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-08-31 07500391 bus:RegisteredOffice 2023-03-01 2024-08-31 07500391 bus:Director1 2023-03-01 2024-08-31 07500391 bus:OrdinaryShareClass1 2023-03-01 2024-08-31 07500391 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-08-31 07500391 bus:Agent1 2023-03-01 2024-08-31 07500391 core:FurnitureFittings 2023-03-01 2024-08-31 07500391 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-08-31 07500391 core:OtherPropertyPlantEquipment 2023-03-01 2024-08-31 07500391 core:PlantMachinery 2023-03-01 2024-08-31 07500391 countries:England 2023-03-01 2024-08-31 07500391 2023-02-28 07500391 core:FurnitureFittingsToolsEquipment 2023-02-28 07500391 core:OtherPropertyPlantEquipment 2023-02-28 07500391 2022-03-01 2023-02-28 07500391 2023-02-28 07500391 bus:OrdinaryShareClass1 2023-02-28 07500391 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-02-28 07500391 core:CurrentFinancialInstruments 2023-02-28 07500391 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 07500391 core:Non-currentFinancialInstruments 2023-02-28 07500391 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 07500391 core:FurnitureFittingsToolsEquipment 2023-02-28 07500391 core:OtherPropertyPlantEquipment 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07500391

Macann Haulage Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 March 2023 to 31 August 2024

 

Macann Haulage Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 9

 

Macann Haulage Limited

Company Information

Director

Mr Ian N McTighe

Registered office

32 Millfield Park
Chesterfield
Derbyshire
S42 6AD

Accountants

M.G. Walker & Co. Limited
119a High Street
Clay Cross
Chesterfield
Derbyshire
S45 9DZ

 

Macann Haulage Limited

Director's Report for the Period from 1 March 2023 to 31 August 2024

The director presents his report and the financial statements for the period from 1 March 2023 to 31 August 2024.

Director of the company

The director who held office during the period was as follows:

Mr Ian N McTighe

Principal activity

The principal activity of the company is Freight transport by road

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 September 2024
 

.........................................
Mr Ian N McTighe
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Macann Haulage Limited
for the Period Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Macann Haulage Limited for the period ended 31 August 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of International Accountants (AIA), we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Macann Haulage Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Macann Haulage Limited and state those matters that we have agreed to state to the Board of Directors of Macann Haulage Limited, as a body, in this report in accordance with AIA. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Macann Haulage Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Macann Haulage Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Macann Haulage Limited. You consider that Macann Haulage Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Macann Haulage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

M.G. Walker & Co. Limited
119a High Street
Clay Cross
Chesterfield
Derbyshire
S45 9DZ

20 September 2024

 

Macann Haulage Limited

(Registration number: 07500391)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

-

27,910

Current assets

 

Debtors

6

8,444

13,858

Cash at bank and in hand

 

-

19,984

 

8,444

33,842

Creditors: Amounts falling due within one year

7

(8,444)

(9,735)

Net current assets

 

-

24,107

Total assets less current liabilities

 

-

52,017

Creditors: Amounts falling due after more than one year

7

-

(20,923)

Net assets

 

-

31,094

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

(1)

31,093

Shareholders' funds

 

-

31,094

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 September 2024
 

.........................................
Mr Ian N McTighe
Director

 

Macann Haulage Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
32 Millfield Park
Chesterfield
Derbyshire
S42 6AD
England

These financial statements were authorised for issue by the director on 20 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Macann Haulage Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

25% Reducing Balance

F&F

3 Years Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Macann Haulage Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 August 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

-

3,041

 

Macann Haulage Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 August 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2023

749

33,507

34,256

Disposals

(749)

(33,507)

(34,256)

At 31 August 2024

-

-

-

Depreciation

At 1 March 2023

62

6,284

6,346

Eliminated on disposal

(62)

(6,284)

(6,346)

At 31 August 2024

-

-

-

Carrying amount

At 31 August 2024

-

-

-

At 28 February 2023

687

27,223

27,910

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

13,858

Other debtors

8,444

-

 

8,444

13,858

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

4,791

Taxation and social security

8,444

3,944

Other creditors

-

1,000

8,444

9,735

Creditors: amounts falling due after more than one year

 

Macann Haulage Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 August 2024

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

-

20,923

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

-

18,504

Other borrowings

-

2,419

-

20,923