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REGISTERED NUMBER: 04530612 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MUSTOES HAULAGE LIMITED

MUSTOES HAULAGE LIMITED (REGISTERED NUMBER: 04530612)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MUSTOES HAULAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: W J Mustoe
R E Mustoe
C J Mustoe





SECRETARY: D J Mustoe





REGISTERED OFFICE: The Mill, Mill End
Northleach
Cheltenham
Gloucestershire
GL54 3HJ





REGISTERED NUMBER: 04530612 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

MUSTOES HAULAGE LIMITED (REGISTERED NUMBER: 04530612)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 51,349 73,593

CURRENT ASSETS
Debtors 5 54,304 51,103
Cash at bank 24,599 22,265
78,903 73,368
CREDITORS
Amounts falling due within one year 6 45,809 46,076
NET CURRENT ASSETS 33,094 27,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,443

100,885

CREDITORS
Amounts falling due after more than one
year

7

(55,983

)

(66,983

)

PROVISIONS FOR LIABILITIES (150 ) (150 )
NET ASSETS 28,310 33,752

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,210 33,652
SHAREHOLDERS' FUNDS 28,310 33,752

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

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

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 Statement of Income and Retained Earnings 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:





W J Mustoe - Director


MUSTOES HAULAGE LIMITED (REGISTERED NUMBER: 04530612)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Mustoes Haulage 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
Revenue 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 - 20% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

MUSTOES HAULAGE LIMITED (REGISTERED NUMBER: 04530612)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 145,625 337,387 6,136 489,148
Additions 20,240 - - 20,240
At 31 December 2024 165,865 337,387 6,136 509,388
DEPRECIATION
At 1 January 2024 106,694 302,725 6,136 415,555
Charge for year 13,363 29,121 - 42,484
At 31 December 2024 120,057 331,846 6,136 458,039
NET BOOK VALUE
At 31 December 2024 45,808 5,541 - 51,349
At 31 December 2023 38,931 34,662 - 73,593

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 20,000 44,500 64,500
Transfer to ownership (20,000 ) (44,500 ) (64,500 )
At 31 December 2024 - - -
DEPRECIATION
At 1 January 2024 12,000 30,593 42,593
Charge for year 4,000 11,125 15,125
Transfer to ownership (16,000 ) (41,718 ) (57,718 )
At 31 December 2024 - - -
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 8,000 13,907 21,907

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,736 49,157
Other debtors 1,568 1,946
54,304 51,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 8,861
Trade creditors 36,533 24,343
Taxation and social security 4,664 8,322
Other creditors 4,612 4,550
45,809 46,076

MUSTOES HAULAGE LIMITED (REGISTERED NUMBER: 04530612)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 55,983 66,983