Company Registration No. 13356841 (England and Wales)
MAC Transport Services Ltd
Unaudited accounts
for the year ended 30 April 2024
MAC Transport Services Ltd
Unaudited accounts
Contents
MAC Transport Services Ltd
Company Information
for the year ended 30 April 2024
Directors
Michael Sharp
Peter Mcnamara
Company Number
13356841 (England and Wales)
Accountants
Accountancy Value Ltd
47 Manston Road, Penketh
Warrington
Cheshire
WA5 2HS
MAC Transport Services Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
327,220
250,970
Cash at bank and in hand
161,447
56,265
Creditors: amounts falling due within one year
(341,705)
(170,337)
Net current assets
43,444
23,301
Total assets less current liabilities
370,664
274,271
Creditors: amounts falling due after more than one year
(132,014)
(130,116)
Provisions for liabilities
Deferred tax
(82,055)
(47,684)
Called up share capital
100
100
Profit and loss account
156,495
96,371
Shareholders' funds
156,595
96,471
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 directors acknowledge their 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 of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
Peter Mcnamara
Director
Company Registration No. 13356841
MAC Transport Services Ltd
Notes to the Accounts
for the year ended 30 April 2024
MAC Transport Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 13356841.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
33.33% straight line
Motor vehicles
33.33% straight line
Fixtures & fittings
25.00% straight line
Computer equipment
33.33% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 May 2023
-
124,148
197,240
4,147
595
326,130
Additions
3,333
115,391
115,500
-
-
234,224
Disposals
-
-
(34,750)
-
-
(34,750)
At 30 April 2024
3,333
239,539
277,990
4,147
595
525,604
At 1 May 2023
-
26,985
46,461
1,424
290
75,160
Charge for the year
713
54,671
85,076
1,388
199
142,047
On disposals
-
-
(18,823)
-
-
(18,823)
At 30 April 2024
713
81,656
112,714
2,812
489
198,384
At 30 April 2024
2,620
157,883
165,276
1,335
106
327,220
At 30 April 2023
-
97,163
150,779
2,723
305
250,970
MAC Transport Services Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
171,324
95,185
Accrued income and prepayments
52,378
42,188
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
79,087
72,591
Trade creditors
42,333
11,410
Taxes and social security
14,106
2,715
Loans from directors
50,800
60,800
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
132,014
130,116
Deferred tax is provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The amount of deferred tax provided is based on the expected realisation or settlement of the carrying amounts of assets and liabilities, using tax rates enacted or substantively enacted at the balance sheet date.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).