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REGISTERED NUMBER: 04430381 (England and Wales)












Financial Statements

for the Year Ended 31 January 2025

for

M & S Transport Limited

M & S Transport Limited (Registered number: 04430381)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & S Transport Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr S.A. Phillips
Mrs A.E. Phillips
Mr C S Phillips
Mr P M Phillips





SECRETARY: Mrs A.E. Phillips





REGISTERED OFFICE: Williamston House
7 Goat Street
HAVERFORDWEST
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 04430381 (England and Wales)

M & S Transport Limited (Registered number: 04430381)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 423,852 550,382

CURRENT ASSETS
Stocks 5 1,000 1,500
Debtors 6 117,787 90,209
Cash at bank and in hand 405,324 222,435
524,111 314,144
CREDITORS
Amounts falling due within one year 7 173,497 126,446
NET CURRENT ASSETS 350,614 187,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

774,466

738,080

CREDITORS
Amounts falling due after more than one year 8 (5,834 ) (15,834 )

PROVISIONS FOR LIABILITIES (105,963 ) (137,164 )
NET ASSETS 662,669 585,082

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 662,569 584,982
SHAREHOLDERS' FUNDS 662,669 585,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 & S Transport Limited (Registered number: 04430381)

Balance Sheet - continued
31 January 2025


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 2 May 2025 and were signed on its behalf by:





Mr S.A. Phillips - Director


M & S Transport Limited (Registered number: 04430381)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

M & S 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

M & S Transport Limited (Registered number: 04430381)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 February 2024 17,271 1,141,244 1,158,515
Additions - 118,286 118,286
Disposals - (161,738 ) (161,738 )
At 31 January 2025 17,271 1,097,792 1,115,063
DEPRECIATION
At 1 February 2024 15,543 592,590 608,133
Charge for year 1,728 130,589 132,317
Eliminated on disposal - (49,239 ) (49,239 )
At 31 January 2025 17,271 673,940 691,211
NET BOOK VALUE
At 31 January 2025 - 423,852 423,852
At 31 January 2024 1,728 548,654 550,382

5. STOCKS
31.1.25 31.1.24
£    £   
Stocks 1,000 1,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 117,787 90,209

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 25,050 45,050
Trade creditors 23,355 22,686
Tax 58,834 2,263
Social security and other taxes 2,629 1,820
VAT 22,148 7,308
Directors' current accounts 27,867 34,339
Accrued expenses 3,614 2,980
173,497 126,446

M & S Transport Limited (Registered number: 04430381)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans - 2-5 years 5,834 15,834

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
Mr S.A. Phillips and Mrs A.E. Phillips
Balance outstanding at start of year (34,339 ) (60,298 )
Amounts advanced 16,472 35,959
Amounts repaid (10,000 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,867 ) (34,339 )

During the period the company paid rent of £6,000 (2024 £6,000) to Mr S.A and Mrs A.E Phillips, directors.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2024 - £4,000) were paid to the directors .