Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31No description of principal activity2024-01-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05668264 2024-01-01 2024-12-31 05668264 2023-01-01 2023-12-31 05668264 2024-12-31 05668264 2023-12-31 05668264 c:Director1 2024-01-01 2024-12-31 05668264 d:Buildings 2024-01-01 2024-12-31 05668264 d:Buildings 2024-12-31 05668264 d:Buildings 2023-12-31 05668264 d:LandBuildings 2024-12-31 05668264 d:LandBuildings 2023-12-31 05668264 d:CurrentFinancialInstruments 2024-12-31 05668264 d:CurrentFinancialInstruments 2023-12-31 05668264 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05668264 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05668264 d:ShareCapital 2024-12-31 05668264 d:ShareCapital 2023-12-31 05668264 d:RetainedEarningsAccumulatedLosses 2024-12-31 05668264 d:RetainedEarningsAccumulatedLosses 2023-12-31 05668264 c:FRS102 2024-01-01 2024-12-31 05668264 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05668264 c:FullAccounts 2024-01-01 2024-12-31 05668264 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05668264 2 2024-01-01 2024-12-31 05668264 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 05668264










MAYFLOWER TRUCKS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
MAYFLOWER TRUCKS LIMITED
REGISTERED NUMBER:05668264

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
340,871
340,871

  
340,871
340,871

Current assets
  

Stocks
  
563,000
315,250

Debtors: amounts falling due within one year
 5 
144,777
798,157

Current asset investments
 6 
81,792
77,843

Cash at bank and in hand
  
1,003,259
761,667

  
1,792,828
1,952,917

Creditors: amounts falling due within one year
 7 
(454,210)
(999,496)

Net current assets
  
 
 
1,338,618
 
 
953,421

Total assets less current liabilities
  
1,679,489
1,294,292

  

Net assets
  
1,679,489
1,294,292


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,678,489
1,293,292

  
1,679,489
1,294,292


Page 1

 
MAYFLOWER TRUCKS LIMITED
REGISTERED NUMBER:05668264
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N G C Watts
Director

Date: 1 April 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MAYFLOWER TRUCKS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Mayflower Trucks Limited is a private company limited by shares and incorporated in England and Wales, registration number 05668264. The registered office is 52 London Road, Harleston, Norfolk, England, IP20 9BZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
MAYFLOWER TRUCKS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, Freehold property is not depreciated.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are
recognised when paid. Final equity dividends are recognised when approved by the shareholders.

Page 4

 
MAYFLOWER TRUCKS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 January 2024
340,871



At 31 December 2024

340,871






Net book value



At 31 December 2024
340,871



At 31 December 2023
340,871




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
340,871
340,871

340,871
340,871


Page 5

 
MAYFLOWER TRUCKS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
95,135
769,663

Other debtors
47,889
-

Prepayments and accrued income
1,753
28,494

144,777
798,157



6.


Current asset investments

2024
2023
£
£

Cash on deposit
81,792
77,843

81,792
77,843



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
169,491
832,590

Amounts owed to other participating interests
449
10,548

Corporation tax
161,655
98,141

Other taxation and social security
-
26,646

Other creditors
100,300
300

Accruals and deferred income
22,315
31,271

454,210
999,496



8.


Transactions with directors

At the year end the directors were owed £100,300 (2023: £300). This is shown within other creditors. During the year £100,000 was loaned by the directors. 

 
Page 6