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REGISTERED NUMBER: 12400159 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

MDC TRANSPORT SERVICES LIMITED

MDC TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 12400159)






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

Chartered Accountants' Report 8

MDC TRANSPORT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: M D Caine





REGISTERED OFFICE: Number 5 The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD





REGISTERED NUMBER: 12400159 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD

MDC TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 12400159)

BALANCE SHEET
31 JANUARY 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 705,304 476,715

CURRENT ASSETS
Debtors 6 145,901 77,636
Cash at bank 71,669 71,158
217,570 148,794
CREDITORS
Amounts falling due within one year 7 440,448 286,831
NET CURRENT LIABILITIES (222,878 ) (138,037 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,426

338,678

CREDITORS
Amounts falling due after more than one
year

8

(207,760

)

(61,495

)

PROVISIONS FOR LIABILITIES (54,851 ) (52,669 )
NET ASSETS 219,815 224,514

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 219,805 224,504
SHAREHOLDERS' FUNDS 219,815 224,514

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 director acknowledges his 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.

MDC TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 12400159)

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 director and authorised for issue on 4 June 2025 and were signed by:





M D Caine - Director


MDC TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 12400159)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

MDC Transport 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention. The accounts have been prepared on a going concern basis.

The financial statements are for the individual entity only.

The financial statements are presented in sterling (£), rounded to the nearest £1.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 January 2025 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 February 2023.

The transition to FRS102 Section 1A has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 11 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


MDC TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 12400159)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

3. 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company makes contributions to personal pension schemes for certain directors and employees. Contributions payable to personal pension schemes are charged to the profit and loss account in the period to which they relate.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

MDC TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 12400159)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 13,947 552,970 3,140 570,057
Additions 8,635 401,995 718 411,348
Disposals - (119,325 ) - (119,325 )
At 31 January 2025 22,582 835,640 3,858 862,080
DEPRECIATION
At 1 February 2024 1,216 90,818 1,308 93,342
Charge for year 2,526 82,336 1,239 86,101
Eliminated on disposal - (22,667 ) - (22,667 )
At 31 January 2025 3,742 150,487 2,547 156,776
NET BOOK VALUE
At 31 January 2025 18,840 685,153 1,311 705,304
At 31 January 2024 12,731 462,152 1,832 476,715

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2024 121,950
Additions 300,000
At 31 January 2025 421,950
DEPRECIATION
At 1 February 2024 4,148
Charge for year 33,782
At 31 January 2025 37,930
NET BOOK VALUE
At 31 January 2025 384,020
At 31 January 2024 117,802

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 143,561 72,478
Other debtors 50 -
Prepayments 2,290 5,158
145,901 77,636

MDC TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 12400159)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts 89,779 43,879
Trade creditors 50,990 28,602
Social security and other taxes 2,053 -
VAT 17,811 1,068
Other creditors 108,056 55,000
Directors' current accounts 153,480 137,245
Accrued expenses 18,279 21,037
440,448 286,831

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts 207,760 61,495

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Hire purchase & finance leases 297,539 105,374

The hire purchase and finance lease liabilities are secured upon the assets to which they relate.

10. FIRST YEAR ADOPTION

Prior to the adoption of FRS 102 Section 1A, MDC Transport Services Limited did not include provision for deferred tax liabilities as FRS 105 prohibits the inclusion of deferred tax. On the adoption of the requirements of FRS 102 Section 1A, a financial liability of £34,498 has been recognised on the balance sheet at the date of transition, 1 February 2023. The provision at 31 January 2024 had increased to £52,669 and the increase in provision of £18,170 has been charged to profit and loss in the year ended 31 January 2024.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MDC TRANSPORT SERVICES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MDC Transport Services Limited for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MDC Transport Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MDC Transport Services Limited and state those matters that we have agreed to state to the director of MDC Transport Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MDC Transport Services Limited and its director for our work or for this report.

It is your duty to ensure that MDC Transport Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MDC Transport Services Limited. You consider that MDC Transport Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MDC Transport Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD


6 June 2025