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REGISTERED NUMBER: 03942617 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 30 April 2024

for

M & N Containers Limited

M & N Containers Limited (Registered number: 03942617)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & N Containers Limited

Company Information
for the Period 1 April 2023 to 30 April 2024







DIRECTORS: M D Barrett
DMW Barrett
Miss A V Barrett





SECRETARY: M D Barrett





REGISTERED OFFICE: Albion Mill, Westinghouse Road
John Gilbert Way
Trafford Park
Manchester
Lancashire
M17 1PY





REGISTERED NUMBER: 03942617 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

M & N Containers Limited (Registered number: 03942617)

Balance Sheet
30 April 2024

30.4.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 214,263 230,882
214,263 230,882

CURRENT ASSETS
Stocks 22,408 20,840
Debtors 6 685,933 599,620
Cash at bank and in hand 374,850 558,665
1,083,191 1,179,125
CREDITORS
Amounts falling due within one year 7 231,524 292,122
NET CURRENT ASSETS 851,667 887,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,065,930

1,117,885

CREDITORS
Amounts falling due after more than one
year

8

(70,980

)

(104,661

)

PROVISIONS FOR LIABILITIES (53,163 ) (57,269 )
NET ASSETS 941,787 955,955

CAPITAL AND RESERVES
Called up share capital 73 73
Capital redemption reserve 77 77
Retained earnings 941,637 955,805
SHAREHOLDERS' FUNDS 941,787 955,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 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 & N Containers Limited (Registered number: 03942617)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





M D Barrett - Director


M & N Containers Limited (Registered number: 03942617)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 April 2024

1. STATUTORY INFORMATION

M & N Containers 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 the invoiced value of goods sold/services provided net of value added tax

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2000, was amortised evenly over its estimated useful life of twenty years.

Goodwill has now been fully amortised.

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
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.
Long leasehold - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

M & N Containers Limited (Registered number: 03942617)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 30 April 2024 300,000
AMORTISATION
At 1 April 2023
and 30 April 2024 300,000
NET BOOK VALUE
At 30 April 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 27,076 298,084 212,910 8,857 546,927
Additions - 12,850 15,900 9,781 38,531
At 30 April 2024 27,076 310,934 228,810 18,638 585,458
DEPRECIATION
At 1 April 2023 25,270 167,377 117,285 6,113 316,045
Charge for period 196 23,168 29,873 1,913 55,150
At 30 April 2024 25,466 190,545 147,158 8,026 371,195
NET BOOK VALUE
At 30 April 2024 1,610 120,389 81,652 10,612 214,263
At 31 March 2023 1,806 130,707 95,625 2,744 230,882

M & N Containers Limited (Registered number: 03942617)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 109,435 200,760 310,195
Transfer to ownership (109,435 ) (61,960 ) (171,395 )
At 30 April 2024 - 138,800 138,800
DEPRECIATION
At 1 April 2023 67,305 107,982 175,287
Charge for period - 21,145 21,145
Transfer to ownership (67,305 ) (47,257 ) (114,562 )
At 30 April 2024 - 81,870 81,870
NET BOOK VALUE
At 30 April 2024 - 56,930 56,930
At 31 March 2023 42,130 92,778 134,908

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.3.23
£    £   
Trade debtors 384,844 374,627
Other debtors 301,089 224,993
685,933 599,620

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 21,680 32,640
Trade creditors 88,682 102,653
Taxation and social security 95,364 134,668
Other creditors 15,798 12,161
231,524 292,122

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 31.3.23
£    £   
Bank loans 11,666 22,500
Hire purchase contracts 59,314 82,161
70,980 104,661

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 31.3.23
£    £   
Hire purchase contracts 80,994 114,801

M & N Containers Limited (Registered number: 03942617)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 April 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 April 2024 and the year ended 31 March 2023:

30.4.24 31.3.23
£    £   
M D Barrett
Balance outstanding at start of period 149,651 156,159
Amounts advanced 78,601 -
Amounts repaid - (6,508 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 228,252 149,651

V W Hughes
Balance outstanding at start of period - 251
Amounts repaid - (251 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

DMW Barrett
Balance outstanding at start of period - 559
Amounts repaid - (559 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

Miss A V Barrett
Balance outstanding at start of period - -
Amounts advanced 1,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 1,000 -

11. ULTIMATE CONTROLLING PARTY

The controlling party is M D Barrett.