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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
Page
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Leicester Machine Movers Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,553,415 
1,475,964 
Current assets
Debtors
504,330 
519,704 
Cash at bank and in hand
531,907 
468,712 
1,036,237 
988,416 
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 
Capital and reserves
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
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Leicester Machine Movers Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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
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.
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Leicester Machine Movers Limited Notes to the Accounts for the year ended 31 December 2024
Leased assets
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.
Pension costs
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.
Financial instruments
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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
336,819 
347,171 
Other debtors
167,511 
172,533 
504,330 
519,704 
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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 
620,368 
636,744 
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 
531,741 
536,978 
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.
8
Share capital
2024 
2023 
£ 
£ 
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).
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