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REGISTERED NUMBER: 08563486 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

M J MAY TRANSPORT LIMITED

M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M J MAY TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: M J May





REGISTERED OFFICE: 67 Chorley Old Road
Bolton
BL1 3AJ





REGISTERED NUMBER: 08563486 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)

ABRIDGED BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 617,094 732,730
Investments 5 2 2
617,096 732,732

CURRENT ASSETS
Stocks 37,376 33,830
Debtors 886,006 1,008,817
Cash at bank 40,080 113,523
963,462 1,156,170
CREDITORS
Amounts falling due within one year 1,285,068 1,286,117
NET CURRENT LIABILITIES (321,606 ) (129,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,490

602,785

CREDITORS
Amounts falling due after more than one year (96,444 ) (159,797 )

PROVISIONS FOR LIABILITIES (131,675 ) (150,206 )
NET ASSETS 67,371 292,782

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 67,271 292,682
SHAREHOLDERS' FUNDS 67,371 292,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 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.

M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)

ABRIDGED BALANCE SHEET - continued
30TH SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 23rd June 2025 and were signed by:





M J May - Director


M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

M J May Transport 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis which assumes the continued support of the company's creditors.

Turnover
Revenue, expressed as turnover, represents the amount received from services provided, net of value added tax.

Depreciation
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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance and Straight line over 8 years
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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
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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 30 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023 1,512,179
Additions 129,449
Disposals (288,954 )
At 30th September 2024 1,352,674
DEPRECIATION
At 1st October 2023 779,449
Charge for year 160,793
Eliminated on disposal (204,662 )
At 30th September 2024 735,580
NET BOOK VALUE
At 30th September 2024 617,094
At 30th September 2023 732,730

M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st October 2023 985,212
Additions 102,950
Disposals (247,437 )
At 30th September 2024 840,725
DEPRECIATION
At 1st October 2023 481,839
Charge for year 102,646
Eliminated on disposal (72,214 )
At 30th September 2024 512,271
NET BOOK VALUE
At 30th September 2024 328,454
At 30th September 2023 503,373

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st October 2023
and 30th September 2024 2
NET BOOK VALUE
At 30th September 2024 2
At 30th September 2023 2

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 204,687 221,418
Invoice discounting account 531,861 638,170
736,548 859,588

The invoice discounting account is secured by a fixed and floating charge over the company's assets dated 23rd May 2017 and by an unlimited guarantee from the company's director.

M J MAY TRANSPORT LIMITED (REGISTERED NUMBER: 08563486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
M J May
Balance outstanding at start of year 39,747 -
Amounts advanced 99,238 121,021
Amounts repaid (98,894 ) (81,274 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,091 39,747

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by its director who has a beneficial interest in all of the issued share capital.