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REGISTERED NUMBER: 04321229 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PHILIP MAKIN TRANSPORT LIMITED

PHILIP MAKIN TRANSPORT LIMITED (REGISTERED NUMBER: 04321229)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHILIP MAKIN TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M J Ward
M S Ward





SECRETARY: M J Ward





REGISTERED OFFICE: The Garage
Patrick Brompton
Bedale
North Yorkshire
DL8 1JP





REGISTERED NUMBER: 04321229 (England and Wales)





ACCOUNTANTS: Lawson & Co
Skutterskelfe
Yarm
TS15 0JR

PHILIP MAKIN TRANSPORT LIMITED (REGISTERED NUMBER: 04321229)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 937,631 700,427

CURRENT ASSETS
Debtors 5 1,969,569 2,040,992
Cash at bank and in hand 825,466 677,436
2,795,035 2,718,428
CREDITORS
Amounts falling due within one year 6 1,840,132 1,657,844
NET CURRENT ASSETS 954,903 1,060,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,892,534

1,761,011

CREDITORS
Amounts falling due after more than one
year

7

210,474

257,503
NET ASSETS 1,682,060 1,503,508

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,681,060 1,502,508
SHAREHOLDERS' FUNDS 1,682,060 1,503,508

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

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

PHILIP MAKIN TRANSPORT LIMITED (REGISTERED NUMBER: 04321229)

BALANCE SHEET - continued
30 SEPTEMBER 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 31 January 2025 and were signed on its behalf by:





M S Ward - Director


PHILIP MAKIN TRANSPORT LIMITED (REGISTERED NUMBER: 04321229)

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

1. STATUTORY INFORMATION

Philip Makin 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.

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

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.

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 16 (2023 - 9 ) .

PHILIP MAKIN TRANSPORT LIMITED (REGISTERED NUMBER: 04321229)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 960,923
Additions 474,750
Disposals (147,600 )
Transfer to ownership 18,799
At 30 September 2024 1,306,872
DEPRECIATION
At 1 October 2023 260,496
Charge for year 212,792
Eliminated on disposal (122,846 )
Transfer to ownership 18,799
At 30 September 2024 369,241
NET BOOK VALUE
At 30 September 2024 937,631
At 30 September 2023 700,427

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

Plant and
machinery
etc
£   
COST
At 1 October 2023 608,769
Additions 474,750
At 30 September 2024 1,083,519
DEPRECIATION
At 1 October 2023 106,190
Charge for year 162,527
Transfer to ownership 18,799
At 30 September 2024 287,516
NET BOOK VALUE
At 30 September 2024 796,003
At 30 September 2023 502,579

PHILIP MAKIN TRANSPORT LIMITED (REGISTERED NUMBER: 04321229)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,172,662 1,531,288
Other debtors 796,907 509,704
1,969,569 2,040,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 628
Hire purchase contracts 315,140 106,987
Trade creditors 1,267,693 1,276,912
Taxation and social security 82,803 31,788
Other creditors 174,496 241,529
1,840,132 1,657,844

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 210,474 257,503

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
M J Ward
Balance outstanding at start of year - -
Amounts advanced 207,497 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 207,497 -