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REGISTERED NUMBER: 03346488 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MOVERS TRANSPORT LIMITED

MOVERS TRANSPORT LIMITED (REGISTERED NUMBER: 03346488)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MOVERS TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr C Daniels
Mr N Morrall





SECRETARY: Mr C Daniels





REGISTERED OFFICE: Unit 6a Battersea Road
Heaton Mersey Industrial Estate
Heaton Mersey
Stockport
Cheshire
SK4 3EA





REGISTERED NUMBER: 03346488 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

MOVERS TRANSPORT LIMITED (REGISTERED NUMBER: 03346488)

BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,347,261 698,672

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 148,663 342,661
Cash at bank and in hand 1,317 11,762
152,480 356,923
CREDITORS
Amounts falling due within one year 6 303,110 321,835
NET CURRENT (LIABILITIES)/ASSETS (150,630 ) 35,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,196,631

733,760

CREDITORS
Amounts falling due after more than one
year

7

(275,998

)

(284,580

)

PROVISIONS FOR LIABILITIES (176,779 ) (32,496 )
NET ASSETS 743,854 416,684

CAPITAL AND RESERVES
Called up share capital 8 121 121
Share premium 10,498 10,498
Revaluation reserve 9 527,298 -
Retained earnings 205,937 406,065
SHAREHOLDERS' FUNDS 743,854 416,684

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MOVERS TRANSPORT LIMITED (REGISTERED NUMBER: 03346488)

BALANCE SHEET - continued
30 JUNE 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 24 January 2025 and were signed on its behalf by:





Mr C Daniels - Director


MOVERS TRANSPORT LIMITED (REGISTERED NUMBER: 03346488)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Movers Transport 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 25% on reducing balance and 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 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.

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 year was 20 (2023 - 21 ) .

MOVERS TRANSPORT LIMITED (REGISTERED NUMBER: 03346488)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 610,990 706,553 1,317,543
Additions - 39,100 39,100
Disposals - (120,008 ) (120,008 )
Revaluations 589,010 - 589,010
At 30 June 2024 1,200,000 625,645 1,825,645
DEPRECIATION
At 1 July 2023 73,320 545,551 618,871
Charge for year 12,220 40,121 52,341
Eliminated on disposal - (107,288 ) (107,288 )
Revaluation adjustments (85,540 ) - (85,540 )
At 30 June 2024 - 478,384 478,384
NET BOOK VALUE
At 30 June 2024 1,200,000 147,261 1,347,261
At 30 June 2023 537,670 161,002 698,672

Cost or valuation at 30 June 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 589,010 - 589,010
Cost 610,990 625,645 1,236,635
1,200,000 625,645 1,825,645

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 99,848 102,322
Other debtors 48,815 240,339
148,663 342,661

MOVERS TRANSPORT LIMITED (REGISTERED NUMBER: 03346488)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 56,901 28,168
Hire purchase contracts 10,321 33,692
Trade creditors 24,033 27,435
Taxation and social security 166,217 111,862
Other creditors 45,638 120,678
303,110 321,835

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Bank loans 254,839 284,580
Hire purchase contracts 21,159 -
275,998 284,580

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 140,028 156,961

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
121 Ordinary £1 121 121

9. RESERVES
Revaluation
reserve
£   
Revaluation in year 674,550
Deferred tax (147,252 )

At 30 June 2024 527,298