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Registered number: 04567563
Marks Transport Group Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Astar Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04567563
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,221,443 2,141,503
2,221,443 2,141,503
CURRENT ASSETS
Debtors 6 68,277 221,338
Cash at bank and in hand 625,467 341,935
693,744 563,273
Creditors: Amounts Falling Due Within One Year 7 (737,883 ) (715,293 )
NET CURRENT ASSETS (LIABILITIES) (44,139 ) (152,020 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,177,304 1,989,483
Creditors: Amounts Falling Due After More Than One Year 8 (400,818 ) (723,976 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (538,595 ) (451,608 )
NET ASSETS 1,237,891 813,899
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 1,237,889 813,897
SHAREHOLDERS' FUNDS 1,237,891 813,899
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Hueso
Director
31/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Marks Transport Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04567563 . The registered office is Unit 6, Blackthorn Way, Five Mile Business Park, Washingborough, Lincolnshire, LN4 1BF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 20% RB
Computer Equipment 33% SL
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 183 (2023: 172)
183 172
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 September 2023 30,000 11,752 41,752
As at 31 August 2024 30,000 11,752 41,752
Amortisation
As at 1 September 2023 30,000 11,752 41,752
As at 31 August 2024 30,000 11,752 41,752
Net Book Value
As at 31 August 2024 - - -
As at 1 September 2023 - - -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 406,376 3,852,531 41,983 4,300,890
Additions 2,925 964,589 1,857 969,371
Disposals - (606,995 ) - (606,995 )
As at 31 August 2024 409,301 4,210,125 43,840 4,663,266
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 September 2023 238,880 1,911,627 8,880 2,159,387
Provided during the period 58,358 625,694 5,251 689,303
Disposals - (406,867 ) - (406,867 )
As at 31 August 2024 297,238 2,130,454 14,131 2,441,823
Net Book Value
As at 31 August 2024 112,063 2,079,671 29,709 2,221,443
As at 1 September 2023 167,496 1,940,904 33,103 2,141,503
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 56,330 145,846
Other debtors 11,947 75,492
68,277 221,338
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 539,944 617,284
Trade creditors 23,850 14,875
Other creditors 22,546 22,546
Taxation and social security 151,543 60,588
737,883 715,293
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 400,818 723,976
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 539,944 617,284
Later than one year and not later than five years 400,818 723,976
940,762 1,341,260
940,762 1,341,260
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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