IRIS Accounts Production v24.2.0.383 06405229 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064052292022-12-31064052292023-12-31064052292023-01-012023-12-31064052292021-12-31064052292022-01-012022-12-31064052292022-12-3106405229ns15:EnglandWales2023-01-012023-12-3106405229ns14:PoundSterling2023-01-012023-12-3106405229ns10:Director12023-01-012023-12-3106405229ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106405229ns10:SmallEntities2023-01-012023-12-3106405229ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106405229ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106405229ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106405229ns10:FullAccounts2023-01-012023-12-310640522912023-01-012023-12-3106405229ns10:Director22023-01-012023-12-3106405229ns10:RegisteredOffice2023-01-012023-12-3106405229ns5:CurrentFinancialInstruments2023-12-3106405229ns5:CurrentFinancialInstruments2022-12-3106405229ns5:ShareCapital2023-12-3106405229ns5:ShareCapital2022-12-3106405229ns5:RetainedEarningsAccumulatedLosses2023-12-3106405229ns5:RetainedEarningsAccumulatedLosses2022-12-3106405229ns5:NetGoodwill2023-01-012023-12-3106405229ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106405229ns5:NetGoodwill2022-12-3106405229ns5:NetGoodwill2023-12-3106405229ns5:NetGoodwill2022-12-3106405229ns5:PlantMachinery2022-12-3106405229ns5:PlantMachinery2023-01-012023-12-3106405229ns5:PlantMachinery2023-12-3106405229ns5:PlantMachinery2022-12-3106405229ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106405229ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 06405229 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

M J F TRANSPORT & SERVICES LIMITED

M J F TRANSPORT & SERVICES LIMITED (REGISTERED NUMBER: 06405229)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M J F TRANSPORT & SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: M J Fordon
Mrs L E Fordon





REGISTERED OFFICE: 4 Merchants Drive
Cottingham
Hull
HU16 5AQ





REGISTERED NUMBER: 06405229 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

M J F TRANSPORT & SERVICES LIMITED (REGISTERED NUMBER: 06405229)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,704 16,959
12,704 16,959

CURRENT ASSETS
Debtors 6 28,968 26,706
Cash at bank 129,139 171,506
158,107 198,212
CREDITORS
Amounts falling due within one year 7 50,950 90,391
NET CURRENT ASSETS 107,157 107,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,861

124,780

PROVISIONS FOR LIABILITIES 3,176 5,285
NET ASSETS 116,685 119,495

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 116,585 119,395
SHAREHOLDERS' FUNDS 116,685 119,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

M J F TRANSPORT & SERVICES LIMITED (REGISTERED NUMBER: 06405229)

BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2024 and were signed on its behalf by:





M J Fordon - Director


M J F TRANSPORT & SERVICES LIMITED (REGISTERED NUMBER: 06405229)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

M J F Transport & Services Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at 4 Merchants Drive, Cottingham, Hull, HU17 0LF.

The principal activity of the company is that of haulage contractors.

The presentational currency of the financial statements is Pound Sterling (£).

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Plant & Machinery etc - 25% on cost and 25% on a reducing balance basis.


M J F TRANSPORT & SERVICES LIMITED (REGISTERED NUMBER: 06405229)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 10,000
AMORTISATION
At 1 January 2023
and 31 December 2023 10,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

M J F TRANSPORT & SERVICES LIMITED (REGISTERED NUMBER: 06405229)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 104,445
DEPRECIATION
At 1 January 2023 87,486
Charge for year 4,255
At 31 December 2023 91,741
NET BOOK VALUE
At 31 December 2023 12,704
At 31 December 2022 16,959

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,028 24,516
Other debtors 2,940 2,190
28,968 26,706

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,522 3,903
Taxation and social security 24,691 28,169
Other creditors 22,737 58,319
50,950 90,391

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a loan to the company from its directors. The balance outstanding at 31 December 2023 was £21,106 (2022 £56,675).

The loan was made on an interest free basis and is repayable on demand.

The dividend payments were made to the director/shareholders.

M J F TRANSPORT & SERVICES LIMITED (REGISTERED NUMBER: 06405229)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


9. ULTIMATE CONTROLLING PARTY

The controlling party is M J Fordon.