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REGISTERED NUMBER: 01265405 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

M6 Truck Services Limited

M6 Truck Services Limited (Registered number: 01265405)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


M6 Truck Services Limited (Registered number: 01265405)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 572,528 571,874
Investments 5 1,456,003 1,456,003
Investment property 6 1,484,390 1,484,390
3,512,921 3,512,267

CURRENT ASSETS
Stocks 1,592 4,292
Debtors 7 50,419 68,922
Cash at bank 5,800,086 5,641,063
5,852,097 5,714,277
CREDITORS
Amounts falling due within one year 8 205,536 144,198
NET CURRENT ASSETS 5,646,561 5,570,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,159,482

9,082,346

PROVISIONS FOR LIABILITIES 262,499 263,333
NET ASSETS 8,896,983 8,819,013

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 1,125,072 1,124,998
Retained earnings 9 7,771,909 7,694,013
8,896,983 8,819,013

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

M6 Truck Services Limited (Registered number: 01265405)

Balance Sheet - continued
31 March 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 15 November 2024 and were signed on its behalf by:





C M Atkinson - Director


M6 Truck Services Limited (Registered number: 01265405)

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

1. STATUTORY INFORMATION

M6 Truck Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01265405

Registered office: Canal Garage
Preston Patrick
Milnthorpe
LA7 7NX

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about M6 Truck Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - at variable rates on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.


M6 Truck Services Limited (Registered number: 01265405)

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

2. ACCOUNTING POLICIES - continued
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
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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 600,601 73,235 673,836
Additions - 6,700 6,700
At 31 March 2024 600,601 79,935 680,536
DEPRECIATION
At 1 April 2023 32,313 69,649 101,962
Charge for year 4,029 2,017 6,046
At 31 March 2024 36,342 71,666 108,008
NET BOOK VALUE
At 31 March 2024 564,259 8,269 572,528
At 31 March 2023 568,288 3,586 571,874

5. FIXED ASSET INVESTMENTS

31.3.24 31.3.23
£    £   
Shares in group undertakings 1,206,003 1,206,003
Loans to group undertakings 250,000 250,000
1,456,003 1,456,003

M6 Truck Services Limited (Registered number: 01265405)

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

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1,206,003
NET BOOK VALUE
At 31 March 2024 1,206,003
At 31 March 2023 1,206,003

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Waters Edge Caravan Park Ltd
Registered office: England & Wales
Nature of business: Caravan park
%
Class of shares: holding
Ordinary 100.00

M.6.Diesel Limited
Registered office: England & Wales
Nature of business: Fuel distribution
%
Class of shares: holding
Ordinary 100.00
Loans to
group
undertakings
£   
At 1 April 2023
and 31 March 2024 250,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,484,390
NET BOOK VALUE
At 31 March 2024 1,484,390
At 31 March 2023 1,484,390

M6 Truck Services Limited (Registered number: 01265405)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2013 395,150
Valuation in 2022 817,354
Cost 271,886
1,484,390

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 271,886 271,886

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 50,419 68,922

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 18,752 17,703
Taxation and social security 53,056 31,845
Other creditors 133,728 94,650
205,536 144,198

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 7,694,013 1,124,998 8,819,011
Profit for the year 77,896 77,896
Deferred tax movement - 74 74
At 31 March 2024 7,771,909 1,125,072 8,896,981