Company registration number:
03943549
MIKE GARBUTT TRANSPORT LIMITED
Unaudited filleted financial statements
31 March 2025
MIKE GARBUTT TRANSPORT LIMITED
Directors and other information
Directors
Stephen Garbutt
(Retired 27 August 2024)
Trina Wichall
Sarah Garbutt
(Appointed 25 September 2024)
Secretary
Lynda Gage
Company number
03943549
Registered office
The Broadway
Market Lavington
Devizes
Wiltshire
SN10 5RH
MIKE GARBUTT TRANSPORT LIMITED
Statement of financial position
31 March 2025
|
|
|
2025 |
|
|
|
2024 |
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|
Note |
£ |
|
£ |
|
£ |
|
£ |
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|
|
|
|
|
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|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
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Intangible assets |
|
5 |
- |
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|
|
- |
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|
|
Tangible assets |
|
6 |
765,417 |
|
|
|
1,029,919 |
|
|
|
Investments |
|
7 |
6,250 |
|
|
|
6,250 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
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771,667 |
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|
1,036,169 |
|
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|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
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Stocks |
|
|
15,438 |
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|
|
- |
|
|
|
Debtors |
|
8 |
524,080 |
|
|
|
500,059 |
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|
|
Cash at bank and in hand |
|
|
11,086 |
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|
|
57,202 |
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|
|
|
|
_______ |
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|
|
_______ |
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|
|
|
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550,604 |
|
|
|
557,261 |
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|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
632,781) |
|
|
|
(
821,887) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
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Net current liabilities |
|
|
|
|
(
82,177) |
|
|
|
(
264,626) |
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|
|
|
|
_______ |
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|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
689,490 |
|
|
|
771,543 |
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|
|
|
|
|
|
|
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Creditors: amounts falling due |
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|
|
|
|
|
|
|
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|
after more than one year |
|
10 |
|
|
- |
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|
|
(
63,546) |
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|
|
|
|
|
|
|
|
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Provisions for liabilities |
|
|
|
|
(
191,341) |
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|
(
214,280) |
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|
|
|
|
|
|
|
|
|
|
|
|
_______ |
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|
_______ |
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Net assets |
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|
|
|
498,149 |
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|
|
493,717 |
|
|
|
|
|
_______ |
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|
_______ |
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Capital and reserves |
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|
|
|
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Called up share capital |
|
|
|
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50,000 |
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|
|
50,000 |
|
Profit and loss account |
|
|
|
|
448,149 |
|
|
|
443,717 |
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|
|
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|
_______ |
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_______ |
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Shareholders funds |
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|
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|
498,149 |
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|
493,717 |
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|
|
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|
_______ |
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_______ |
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For the year ending 31 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.
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 income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 May 2025
, and are signed on behalf of the board by:
Sarah Garbutt
Director
Company registration number:
03943549
MIKE GARBUTT TRANSPORT LIMITED
Notes to the financial statements
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Broadway, Market Lavington, Devizes, Wiltshire, SN10 5RH.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
|
|
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|
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Plant and machinery |
- |
20 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
20 % |
reducing balance |
|
Motor vehicles |
- |
23 % |
reducing balance |
|
IT Equipment |
- |
33.33 % |
straight line |
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|
|
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|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
24
(2024:
26
).
5.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
£ |
£ |
|
|
|
|
Cost |
|
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|
|
|
At 1 April 2024 and 31 March 2025 |
55,148 |
55,148 |
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|
|
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|
_______ |
_______ |
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|
Amortisation |
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At 1 April 2024 and 31 March 2025 |
55,148 |
55,148 |
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|
|
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|
_______ |
_______ |
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Carrying amount |
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At 31 March 2025 |
- |
- |
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|
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|
_______ |
_______ |
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At 31 March 2024 |
- |
- |
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|
_______ |
_______ |
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8.
Debtors
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Trade debtors |
|
493,717 |
482,302 |
|
Other debtors |
|
30,363 |
17,757 |
|
|
|
_______ |
_______ |
|
|
|
524,080 |
500,059 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
188,916 |
322,380 |
|
Trade creditors |
|
207,410 |
233,584 |
|
Taxes |
|
117,223 |
74,525 |
|
Other creditors |
|
119,232 |
191,398 |
|
|
|
_______ |
_______ |
|
|
|
632,781 |
821,887 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Creditors: amounts falling due after more than one year
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Other creditors |
|
- |
63,546 |
|
|
|
_______ |
_______ |
|
|
|
|
|