D W Moore Transport Limited 07606703 false 2024-03-01 2025-01-31 2025-01-31 The principal activity of the company is the provision of contract haulage services. Digita Accounts Production Advanced 6.30.9574.0 true true 07606703 2024-03-01 2025-01-31 07606703 2025-01-31 07606703 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-01-31 07606703 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-01-31 07606703 core:CurrentFinancialInstruments 2025-01-31 07606703 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 07606703 core:Non-currentFinancialInstruments 2025-01-31 07606703 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 07606703 core:FurnitureFittingsToolsEquipment 2025-01-31 07606703 core:MotorVehicles 2025-01-31 07606703 bus:SmallEntities 2024-03-01 2025-01-31 07606703 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-01-31 07606703 bus:FilletedAccounts 2024-03-01 2025-01-31 07606703 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-01-31 07606703 bus:RegisteredOffice 2024-03-01 2025-01-31 07606703 bus:Director1 2024-03-01 2025-01-31 07606703 bus:Director2 2024-03-01 2025-01-31 07606703 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-01-31 07606703 core:FurnitureFittingsToolsEquipment 2024-03-01 2025-01-31 07606703 core:MotorVehicles 2024-03-01 2025-01-31 07606703 core:PlantMachinery 2024-03-01 2025-01-31 07606703 core:Vehicles 2024-03-01 2025-01-31 07606703 countries:EnglandWales 2024-03-01 2025-01-31 07606703 2024-02-29 07606703 core:FurnitureFittingsToolsEquipment 2024-02-29 07606703 core:MotorVehicles 2024-02-29 07606703 2023-03-01 2024-02-29 07606703 2024-02-29 07606703 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-02-29 07606703 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-02-29 07606703 core:CurrentFinancialInstruments 2024-02-29 07606703 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 07606703 core:Non-currentFinancialInstruments 2024-02-29 07606703 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 07606703 core:FurnitureFittingsToolsEquipment 2024-02-29 07606703 core:MotorVehicles 2024-02-29 iso4217:GBP xbrli:pure

Registration number: 07606703

D W Moore Transport Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 March 2024 to 31 January 2025

 

D W Moore Transport Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

D W Moore Transport Limited

(Registration number: 07606703)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

-

725,493

Current assets

 

Debtors

5

3,133

298,780

Cash at bank and in hand

 

801,912

169,668

 

805,045

468,448

Creditors: Amounts falling due within one year

6

(287,963)

(432,035)

Net current assets

 

517,082

36,413

Total assets less current liabilities

 

517,082

761,906

Creditors: Amounts falling due after more than one year

6

-

(325,746)

Provisions for liabilities

-

(168,583)

Net assets

 

517,082

267,577

Capital and reserves

 

Called up share capital

100

100

Retained earnings

516,982

267,477

Shareholders' funds

 

517,082

267,577

For the financial period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

D W Moore Transport Limited

(Registration number: 07606703)
Balance Sheet as at 31 January 2025

Approved and authorised by the Board on 19 February 2025 and signed on its behalf by:
 

.........................................
D W Moore
Director

.........................................
K L Moore
Director

 

D W Moore Transport Limited

Notes to the Financial Statements for the Period from 1 March 2024 to 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

D W Moore Transport Limited

Notes to the Financial Statements for the Period from 1 March 2024 to 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% on reducing balance

Motor vehicles

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

D W Moore Transport Limited

Notes to the Financial Statements for the Period from 1 March 2024 to 31 January 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 7 (2024 - 8).

 

D W Moore Transport Limited

Notes to the Financial Statements for the Period from 1 March 2024 to 31 January 2025

4

Tangible assets

Plant and machinery
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2024

265,157

1,002,115

1,267,272

Additions

67,000

39,163

106,163

Disposals

(332,157)

(1,041,278)

(1,373,435)

At 31 January 2025

-

-

-

Depreciation

At 1 March 2024

149,108

392,671

541,779

Eliminated on disposal

(149,108)

(392,671)

(541,779)

At 31 January 2025

-

-

-

Net book value

At 31 January 2025

-

-

-

At 29 February 2024

116,049

609,444

725,493

5

Debtors

2025
£

2024
£

Trade debtors

-

298,780

Other debtors

3,133

-

3,133

298,780

 

D W Moore Transport Limited

Notes to the Financial Statements for the Period from 1 March 2024 to 31 January 2025

6

Creditors

Amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

-

174,382

Trade creditors

 

6,468

94,373

Taxation and social security

 

266,092

38,457

Accruals and deferred income

 

-

4,772

Other creditors

 

15,403

120,051

 

287,963

432,035

Amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

-

325,746

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

-

13,261

Hire purchase contracts

-

312,485

-

325,746

Current loans and borrowings

2025
£

2024
£

Bank borrowings

-

9,890

Hire purchase contracts

-

164,492

-

174,382