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REGISTERED NUMBER: 03892997 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Mark Williams Express Freight Services
Limited

Mark Williams Express Freight Services
Limited (Registered number: 03892997)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mark Williams Express Freight Services
Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M A Williams





SECRETARY: Filemark Limited





REGISTERED OFFICE: 37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH





REGISTERED NUMBER: 03892997 (England and Wales)





ACCOUNTANTS: Little & Neal
37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH

Mark Williams Express Freight Services
Limited (Registered number: 03892997)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,333 76,975

CURRENT ASSETS
Debtors 5 30,892 28,686
Cash at bank and in hand 101,636 119,540
132,528 148,226
CREDITORS
Amounts falling due within one year 6 44,368 59,593
NET CURRENT ASSETS 88,160 88,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,493

165,608

CREDITORS
Amounts falling due after more than one
year

7

8,000

20,787
NET ASSETS 128,493 144,821

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 103,493 119,821
SHAREHOLDERS' FUNDS 128,493 144,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mark Williams Express Freight Services
Limited (Registered number: 03892997)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 7 October 2024 and were signed by:





M A Williams - Director


Mark Williams Express Freight Services
Limited (Registered number: 03892997)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Mark Williams Express Freight Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost, 20% on cost and 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Mark Williams Express Freight Services
Limited (Registered number: 03892997)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 260,315
Additions 8,150
At 31 January 2024 268,465
DEPRECIATION
At 1 February 2023 183,340
Charge for year 36,792
At 31 January 2024 220,132
NET BOOK VALUE
At 31 January 2024 48,333
At 31 January 2023 76,975

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 118,193
Transfer to ownership (89,393 )
At 31 January 2024 28,800
DEPRECIATION
At 1 February 2023 57,572
Charge for year 29,548
Transfer to ownership (72,120 )
At 31 January 2024 15,000
NET BOOK VALUE
At 31 January 2024 13,800
At 31 January 2023 60,621

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 28,935 27,350
Other debtors 1,957 1,336
30,892 28,686

Mark Williams Express Freight Services
Limited (Registered number: 03892997)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 6,787 25,656
Trade creditors 583 1,434
Taxation and social security 14,302 19,684
Other creditors 16,696 6,819
44,368 59,593

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 8,000 14,000
Hire purchase contracts - 6,787
8,000 20,787