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REGISTERED NUMBER: 05970553 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Moores Transport (Suffolk) Limited

Moores Transport (Suffolk) Limited (Registered number: 05970553)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moores Transport (Suffolk) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr H G Moore
Mr K S Moore
Mr J H Dear





REGISTERED OFFICE: 1 Lark Valley Court
Fornham St Martin
Bury St Edmunds
Suffolk
IP28 6UQ





REGISTERED NUMBER: 05970553 (England and Wales)





ACCOUNTANTS: Black Barn Accountants Ltd
The Technology Centre
Station Road
Framlingham
Woodbridge
Suffolk
IP13 9EZ

Moores Transport (Suffolk) Limited (Registered number: 05970553)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 7,360 11,040
Tangible assets 5 196,421 170,156
203,781 181,196

CURRENT ASSETS
Debtors 6 152,405 115,320
Cash at bank and in hand 49,313 52,165
201,718 167,485
CREDITORS
Amounts falling due within one year 7 224,667 196,670
NET CURRENT LIABILITIES (22,949 ) (29,185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,832

152,011

CREDITORS
Amounts falling due after more than one
year

8

(59,474

)

(32,289

)

PROVISIONS FOR LIABILITIES (49,105 ) (42,539 )
NET ASSETS 72,253 77,183

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,153 77,083
SHAREHOLDERS' FUNDS 72,253 77,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Moores Transport (Suffolk) Limited (Registered number: 05970553)

Balance Sheet - continued
31 October 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 16 May 2025 and were signed on its behalf by:





Mr H G Moore - Director


Moores Transport (Suffolk) Limited (Registered number: 05970553)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Moores Transport (Suffolk) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - 25% on reducing balance
Commercial vehicles - 25% on reducing balance

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 & leasing commitments
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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Moores Transport (Suffolk) Limited (Registered number: 05970553)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 8 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 73,600
AMORTISATION
At 1 November 2023 62,560
Amortisation for year 3,680
At 31 October 2024 66,240
NET BOOK VALUE
At 31 October 2024 7,360
At 31 October 2023 11,040

5. TANGIBLE FIXED ASSETS
Commercial
Equipment vehicles Totals
£    £    £   
COST
At 1 November 2023 5,760 568,070 573,830
Additions 491 88,750 89,241
Disposals (450 ) (66,000 ) (66,450 )
At 31 October 2024 5,801 590,820 596,621
DEPRECIATION
At 1 November 2023 5,256 398,418 403,674
Charge for year 243 55,370 55,613
Eliminated on disposal (429 ) (58,658 ) (59,087 )
At 31 October 2024 5,070 395,130 400,200
NET BOOK VALUE
At 31 October 2024 731 195,690 196,421
At 31 October 2023 504 169,652 170,156

Moores Transport (Suffolk) Limited (Registered number: 05970553)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Commercial
vehicles
£   
COST
At 1 November 2023 433,224
Additions 88,750
Disposals (66,000 )
At 31 October 2024 455,974
DEPRECIATION
At 1 November 2023 276,299
Charge for year 52,188
Eliminated on disposal (58,658 )
At 31 October 2024 269,829
NET BOOK VALUE
At 31 October 2024 186,145
At 31 October 2023 156,925

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 149,828 113,782
Other debtors 2,577 1,538
152,405 115,320

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans & overdrafts - 7,500
Hire purchase contracts 37,162 19,662
Trade creditors 29,772 22,200
Taxation & social security 34,832 17,487
Other creditors 122,901 129,821
224,667 196,670

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 59,474 32,289