3 false false false false false false false false false false true false false false false true false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 12,000 12,000 500,000 500,000 500,000 xbrli:pure xbrli:shares iso4217:GBP 05893702 2023-10-01 2024-09-30 05893702 2024-09-30 05893702 2023-09-30 05893702 2022-10-01 2023-09-30 05893702 2023-09-30 05893702 2022-09-30 05893702 core:NetGoodwill 2023-10-01 2024-09-30 05893702 core:LandBuildings 2023-10-01 2024-09-30 05893702 core:PlantMachinery 2023-10-01 2024-09-30 05893702 core:FurnitureFittings 2023-10-01 2024-09-30 05893702 core:MotorVehicles 2023-10-01 2024-09-30 05893702 bus:Director1 2023-10-01 2024-09-30 05893702 core:NetGoodwill 2024-09-30 05893702 core:LandBuildings 2023-09-30 05893702 core:PlantMachinery 2023-09-30 05893702 core:FurnitureFittings 2023-09-30 05893702 core:MotorVehicles 2023-09-30 05893702 core:LandBuildings 2024-09-30 05893702 core:PlantMachinery 2024-09-30 05893702 core:FurnitureFittings 2024-09-30 05893702 core:MotorVehicles 2024-09-30 05893702 core:WithinOneYear 2024-09-30 05893702 core:WithinOneYear 2023-09-30 05893702 core:ShareCapital 2024-09-30 05893702 core:ShareCapital 2023-09-30 05893702 core:RetainedEarningsAccumulatedLosses 2024-09-30 05893702 core:RetainedEarningsAccumulatedLosses 2023-09-30 05893702 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-09-30 05893702 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 05893702 core:Non-currentFinancialInstruments 2024-09-30 05893702 core:LandBuildings 2023-09-30 05893702 core:PlantMachinery 2023-09-30 05893702 core:FurnitureFittings 2023-09-30 05893702 core:MotorVehicles 2023-09-30 05893702 bus:SmallEntities 2023-10-01 2024-09-30 05893702 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05893702 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05893702 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05893702 bus:FullAccounts 2023-10-01 2024-09-30 05893702 core:OfficeEquipment 2023-10-01 2024-09-30 05893702 core:OfficeEquipment 2023-09-30 05893702 core:OfficeEquipment 2024-09-30
Nigel Moss Transport Limited
Unaudited financial statements
30 September 2024
Company Registration Number 05893702
Nigel Moss Transport Limited
Financial statements
year ended 30 September 2024
Contents
Pages
Balance sheet
1 to 2
Notes to the financial statements
3 to 8
Nigel Moss Transport Limited
Balance sheet
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
300,196
287,030
Investments
7
500,000
---------
---------
800,196
287,030
Current assets
Debtors
8
293,399
123,484
Investments
9
731,211
663,702
Cash at bank and in hand
204,950
645,012
------------
------------
1,229,560
1,432,198
Creditors: amounts falling due within one year
10
224,084
166,299
------------
------------
Net current assets
1,005,476
1,265,899
------------
------------
Total assets less current liabilities
1,805,672
1,552,929
Provisions
98,529
78,042
------------
------------
Net assets
1,707,143
1,474,887
------------
------------
Capital and reserves
Called up share capital
10
10
Profit and loss account
1,707,133
1,474,877
------------
------------
Shareholders funds
1,707,143
1,474,887
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Nigel Moss Transport Limited
Balance sheet (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 27 February 2025 , and are signed on behalf of the board by:
Mr N Moss
Director
Company registration number: 05893702
Nigel Moss Transport Limited
Notes to the financial statements
year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Willow Farm, East Street, Bole, Retford.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
3.1 Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
3.2 Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
3.3 Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exception: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date .
3.4 Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
25% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
3.5 Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
3.6 Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land & buildings
-
3% straight line
Plant & machinery
-
15% reducing balance
Fixtures & fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance
3.7 Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
3.8 Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
3.9 Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
3.10 Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .
3.11 Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
12,000
--------
Amortisation
At 1 October 2023 and 30 September 2024
12,000
--------
Carrying amount
At 30 September 2024
--------
At 30 September 2023
--------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Office equipment
Total
£
£
£
£
£
£
Cost
At 1 Oct 2023
42,497
39,588
59,974
336,605
3,783
482,447
Additions
90,025
1,285
91,310
Disposals
( 1,332)
( 63,220)
( 306)
( 64,858)
--------
--------
--------
---------
-------
---------
At 30 Sep 2024
42,497
38,256
59,974
363,410
4,762
508,899
--------
--------
--------
---------
-------
---------
Depreciation
At 1 Oct 2023
3,932
22,031
40,369
127,744
1,341
195,417
Charge for the year
1,275
2,635
2,942
53,643
655
61,150
Disposals
( 1,233)
( 46,421)
( 210)
( 47,864)
--------
--------
--------
---------
-------
---------
At 30 Sep 2024
5,207
23,433
43,311
134,966
1,786
208,703
--------
--------
--------
---------
-------
---------
Carrying amount
At 30 Sep 2024
37,290
14,823
16,663
228,444
2,976
300,196
--------
--------
--------
---------
-------
---------
At 30 Sep 2023
38,565
17,557
19,605
208,861
2,442
287,030
--------
--------
--------
---------
-------
---------
7. Investments
Shares in participating interests
£
Cost
At 1 October 2023
Additions
500,000
---------
At 30 September 2024
500,000
---------
Impairment
At 1 October 2023 and 30 September 2024
---------
Carrying amount
At 30 September 2024
500,000
---------
At 30 September 2023
---------
The company's investments at the balance sheet date in the share capital of companies include the following:
Name Class of shares holding %
Carbonoptix Ltd Ordinary A 50
8. Debtors
2024
2023
£
£
Trade debtors
156,399
123,484
Amounts owed by group undertakings and undertakings in which the company has a participating interest
137,000
---------
---------
293,399
123,484
---------
---------
9. Investments
2024
2023
£
£
Other investments
731,211
663,702
---------
---------
10. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
86,611
53,727
Corporation tax
82,886
47,961
Social security and other taxes
25,828
26,066
Other creditors
28,759
38,545
---------
---------
224,084
166,299
---------
---------