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REGISTERED NUMBER: 06609351 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

M & G TRANSPORT AND TECHNICAL SERVICES
LIMITED

M & G TRANSPORT AND TECHNICAL SERVICES
LIMITED (REGISTERED NUMBER: 06609351)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M & G TRANSPORT AND TECHNICAL SERVICES
LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: Mrs K E Borg
M P Yates
Mrs G Yates





REGISTERED OFFICE: Unit 2 a
Peter Street
Blackburn
Lancashire
BB1 5LH





REGISTERED NUMBER: 06609351 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

M & G TRANSPORT AND TECHNICAL SERVICES
LIMITED (REGISTERED NUMBER: 06609351)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 87,058 98,668
87,058 98,668

CURRENT ASSETS
Debtors 6 52,550 51,172
Cash at bank and in hand 253,513 207,706
306,063 258,878
CREDITORS
Amounts falling due within one year 7 128,673 138,526
NET CURRENT ASSETS 177,390 120,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,448

219,020

CREDITORS
Amounts falling due after more than one year 8 (11,667 ) (21,667 )

PROVISIONS FOR LIABILITIES (21,765 ) (18,747 )
NET ASSETS 231,016 178,606

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 230,916 178,506
SHAREHOLDERS' FUNDS 231,016 178,606

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.

M & G TRANSPORT AND TECHNICAL SERVICES
LIMITED (REGISTERED NUMBER: 06609351)

STATEMENT OF FINANCIAL POSITION - 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 27 March 2025 and were signed on its behalf by:





Mrs G Yates - Director


M & G TRANSPORT AND TECHNICAL SERVICES
LIMITED (REGISTERED NUMBER: 06609351)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

M & G Transport and Technical Services 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.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principle accounting policies adopted in the preparation of the financial statements are set out below.

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

Turnover represents the net invoice value of services rendered, excluding value added tax.

Turnover is recognised at the point the service is provided. This is when the risks and rewards of ownership have been transferred to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33.3% straight line, 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation.

Financial instruments
Debt instruments that are payable or receivable within one year, typically trade debtors, bank accounts, bank loans, trade creditors and hire purchase accounts, are measured initially and subsequently at the undiscounted amount of the cash that is expected to be paid or received.

The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.


M & G TRANSPORT AND TECHNICAL SERVICES
LIMITED (REGISTERED NUMBER: 06609351)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 34,560
AMORTISATION
At 1 July 2023
and 30 June 2024 34,560
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

M & G TRANSPORT AND TECHNICAL SERVICES
LIMITED (REGISTERED NUMBER: 06609351)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 251,921
Additions 14,250
At 30 June 2024 266,171
DEPRECIATION
At 1 July 2023 153,253
Charge for year 25,860
At 30 June 2024 179,113
NET BOOK VALUE
At 30 June 2024 87,058
At 30 June 2023 98,668

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,683 50,480
Other debtors 867 692
52,550 51,172

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,181 8,481
Taxation and social security 47,641 27,020
Other creditors 69,851 93,025
128,673 138,526

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667