Company Registration No. 2260494 (England and Wales)
Leicester Machine Movers Limited
Unaudited accounts
for the year ended 31 December 2024
Leicester Machine Movers Limited
Unaudited accounts
Contents
Leicester Machine Movers Limited
Statement of financial position
as at 31 December 2024
Tangible assets
1,553,415
1,475,964
Cash at bank and in hand
531,907
468,712
Creditors: amounts falling due within one year
(620,368)
(636,744)
Net current assets
415,869
351,672
Total assets less current liabilities
1,969,284
1,827,636
Creditors: amounts falling due after more than one year
(531,741)
(536,978)
Provisions for liabilities
Deferred tax
(264,169)
(241,992)
Net assets
1,173,374
1,048,666
Called up share capital
9,000
9,000
Capital redemption reserve
9,000
9,000
Profit and loss account
1,155,374
1,030,666
Shareholders' funds
1,173,374
1,048,666
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by
M J Evans
Director
Company Registration No. 2260494
Leicester Machine Movers Limited
Notes to the Accounts
for the year ended 31 December 2024
Leicester Machine Movers Limited is a private company, limited by shares, registered in England and Wales, registration number 2260494. The registered office is Grace Dieu Garage, 1 Ashby Road, Thringstone, Coalville, Leicestershire, LE67 8UH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2%/10% per annum on cost of buildings
Plant & machinery
25% per annum of net book value
Motor vehicles
25% per annum of net book value
Fixtures & fittings
15% per annum of net book value
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leicester Machine Movers Limited
Notes to the Accounts
for the year ended 31 December 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
561,633
1,859,674
829,645
17,938
3,268,890
Additions
-
360,355
-
-
360,355
Disposals
-
(72,000)
(133,878)
-
(205,878)
At 31 December 2024
561,633
2,148,029
695,767
17,938
3,423,367
At 1 January 2024
87,235
1,045,069
645,628
14,994
1,792,926
Charge for the year
11,229
215,439
43,160
442
270,270
On disposals
-
(67,946)
(125,298)
-
(193,244)
At 31 December 2024
98,464
1,192,562
563,490
15,436
1,869,952
At 31 December 2024
463,169
955,467
132,277
2,502
1,553,415
At 31 December 2023
474,398
814,605
184,017
2,944
1,475,964
Amounts falling due within one year
Trade debtors
336,819
347,171
Other debtors
167,511
172,533
Leicester Machine Movers Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
17,207
16,796
Obligations under finance leases and hire purchase contracts
250,004
224,517
Trade creditors
185,133
176,677
Taxes and social security
105,346
140,671
Other creditors
62,678
78,083
Bank loans are secured by fixed and floating charges over the company's assets. Obligations under finance lease and hire purchase contracts are secured over the assets concerned.
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
112,728
138,336
Obligations under finance leases and hire purchase contracts
419,013
398,642
Aggregate of amounts that fall due for payment after five years
39,416
66,823
Bank loans are secured by fixed and floating charges over the company's assets. Obligations under finance lease and hire purchase contracts are secured over the assets concerned.
Allotted, called up and fully paid:
9,000 Ordinary shares of £1 each
9,000
9,000
9
Average number of employees
During the year the average number of employees was 18 (2023: 19).