REGISTERED NUMBER: 01722241 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

MOBILE PALLETS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Hollingworth

SECRETARY:

Mrs Mumford

REGISTERED OFFICE:

Riverside Works

Egmont Street

Mossley

Ashton Under Lyne

OL5 9PY

REGISTERED NUMBER:

01722241 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

BANKERS:

Barclays Bank PLC

1 Yorkshire Street

Rochdale

Lancashire

FIXED ASSETS

Tangible assets

4

49,708

56,854

Investments

5

12,630

12,630

62,338

69,484

CURRENT ASSETS

Stocks

222,600

256,700

Debtors

6

374,899

349,098

Cash at bank

51,145

45,682

648,644

651,480

CREDITORS

Amounts falling due within one year

7

341,333

444,543

NET CURRENT ASSETS

307,311

206,937

TOTAL ASSETS LESS CURRENT LIABILITIES

369,649

276,421

CREDITORS

Amounts falling due after more than one year

8

10,524

26,047

NET ASSETS

359,125

250,374

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

359,025

250,274

359,125

250,374

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 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.

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 director and authorised for issue on 28 August 2025 and were signed by:

A Hollingworth - Director

1.	STATUTORY INFORMATION

Mobile Pallets 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

Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are initially recorded at 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

117,328

10,842

29,320

157,490

Additions

3,525

-

-

3,525

At 31 December 2024

120,853

10,842

29,320

161,015

DEPRECIATION

At 1 January 2024

78,850

8,615

13,171

100,636

Charge for year

6,300

334

4,037

10,671

At 31 December 2024

85,150

8,949

17,208

111,307

NET BOOK VALUE

At 31 December 2024

35,703

1,893

12,112

49,708

At 31 December 2023

38,478

2,227

16,149

56,854

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

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

29,320

DEPRECIATION

At 1 January 2024

13,171

Charge for year

4,037

At 31 December 2024

17,208

NET BOOK VALUE

At 31 December 2024

12,112

At 31 December 2023

16,149

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

12,630

NET BOOK VALUE

At 31 December 2024

12,630

At 31 December 2023

12,630

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

353,228

332,374

Other debtors

21,671

16,724

374,899

349,098

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts (see note 9)

5,524

5,524

Trade creditors

223,683

293,798

Taxation and social security

95,631

79,320

Other creditors

6,495

55,901

341,333

444,543

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

5,000

15,000

Hire purchase contracts (see note 9)

5,524

11,047

10,524

26,047

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

5,524

5,524

Between one and five years

5,524

11,047

11,048

16,571

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

14,242

5,662

Between one and five years

39,614

20,760

53,856

26,422

10.	SECURED DEBTS

Bank overdrafts are secured by a fixed and floating charge over all property and undertakings of the company.