M. & J. Transport Avon Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01894310

M. & J. Transport Avon Limited

Filleted Unaudited Financial Statements

31 March 2025

M. & J. Transport Avon Limited

Financial Statements

Year ended 31st March 2025

Contents	Pages

Report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 9

M. & J. Transport Avon Limited

Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of M. & J. Transport Avon Limited

Year ended 31st March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M. & J. Transport Avon Limited for the year ended 31st March 2025, which comprise the statement of financial position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.

JAY & JAY PARTNERSHIP LIMITED Chartered Certified Accountants

2 Chesterfield Buildings Westbourne Place Clifton Bristol BS8 1RU

20 June 2025

M. & J. Transport Avon Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,550,874	1,477,507

Current assets

Debtors	6	697,501	630,018
Cash at bank and in hand		–	51,357
		---------	---------
		697,501	681,375

Creditors: amounts falling due within one year	7	818,501	689,581
		---------	---------
Net current liabilities		121,000	8,206
		------------	------------
Total assets less current liabilities		1,429,874	1,469,301

Creditors: amounts falling due after more than one year	8	506,831	576,398

Provisions

Taxation including deferred tax	383,057	349,400
	------------	------------
Net assets	539,986	543,503
	------------	------------

Capital and reserves

Called up share capital	8	8
Revaluation reserve	215,730	269,662
Profit and loss account	324,248	273,833
	---------	---------
Shareholders funds	539,986	543,503
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

M. & J. Transport Avon Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 20 June 2025 , and are signed on behalf of the board by:

Mr J. Jansen

Director

Company registration number: 01894310

M. & J. Transport Avon Limited

Notes to the Financial Statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Gloucester Road, Avonmouth, Bristol, BS11 9AQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	straight line over term of lease
Plant & equipment	-	25% reducing balance
Fixtures & fittings	-	25% reducing balance
Commercial vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 30 (2024: 25 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1st April 2024	76,113	187,429	18,490	2,050,058	2,332,090
Additions	–	–	–	498,995	498,995
Disposals	–	–	–	( 136,000)	( 136,000)
	--------	---------	--------	------------	------------
At 31st March 2025	76,113	187,429	18,490	2,413,053	2,695,085
	--------	---------	--------	------------	------------
Depreciation
At 1st April 2024	73,983	177,716	15,598	587,286	854,583
Charge for the year	2,130	2,427	746	273,837	279,140
Disposals	–	–	–	( 43,444)	( 43,444)
Revaluations	–	–	–	53,932	53,932
	--------	---------	--------	------------	------------
At 31st March 2025	76,113	180,143	16,344	871,611	1,144,211
	--------	---------	--------	------------	------------
Carrying amount
At 31st March 2025	–	7,286	2,146	1,541,442	1,550,874
	--------	---------	--------	------------	------------
At 31st March 2024	2,130	9,713	2,892	1,462,772	1,477,507
	--------	---------	--------	------------	------------

The directors revalued the company's motor vehicles during the year ended 31 March 2023. The basis of the valuation is open market value.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Motor vehicles
	£
At 31st March 2025
Aggregate cost	2,034,754
Aggregate depreciation	(1,370,970)
	------------
Carrying value	663,784
	------------

At 31st March 2024
Aggregate cost	2,034,754
Aggregate depreciation	(1,255,231)
	------------
Carrying value	779,523
	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	668,186	602,567
Other debtors	29,315	27,451
	---------	---------
	697,501	630,018
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	62,974	45,000
Trade creditors	250,466	229,243
Social security and other taxes	127,035	80,618
Other creditors	378,026	334,720
	---------	---------
	818,501	689,581
	---------	---------

The company has given security for some of the creditors that fall due within one year.

The hire purchase creditor of £318,180 (2024 - £262,884) is secured on the assets purchased.

The company has given a fixed and floating charge on all assets of the company to the bank in respect of it's bank loan of £45,000 (2024 - £45,000).

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	15,000	60,000
Other creditors	491,831	516,398
	---------	---------
	506,831	576,398
	---------	---------

The company has given security for some of the creditors that fall due after more than one year.

The hire purchase creditor of £491,831 (2024 - £516,398) is secured on the assets purchased.

The company has given a fixed and floating charge on all assets of the company to the bank in respect of it's bank loan of £15,000 (2024 - £60,000).

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	42,000	42,000
Later than 1 year and not later than 5 years	91,000	133,000
	---------	---------
	133,000	175,000
	---------	---------

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Mr J. Jansen	( 40,019)	1,904	( 38,115)
Mrs M. Jansen	( 18,000)	9,000	( 9,000)
Mr J Burton	( 11,139)	2,003	( 9,136)
	--------	--------	--------
	( 69,158)	12,907	( 56,251)
	--------	--------	--------

	2024
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Mr J. Jansen	( 51,000)	10,981	( 40,019)
Mrs M. Jansen	( 18,000)	–	( 18,000)
Mr J Burton	( 24,623)	13,484	( 11,139)
	--------	--------	--------
	( 93,623)	24,465	( 69,158)
	--------	--------	--------

All loans are interest free and repayable on demand.