REGISTERED NUMBER: 06551020 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

JOEL A MOSELEY TRANSPORT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J A Moseley

Mr A J Moseley

SECRETARY:

Mr A J Moseley

REGISTERED OFFICE:

Keepers Cottage

Long Walk

Bedale

North Yorkshire

DL8 1TY

REGISTERED NUMBER:

06551020 (England and Wales)

ACCOUNTANTS:

Lyons & Co Ltd

23 Yarm Road

Stockton on Tees

TS18 3NJ

FIXED ASSETS

Intangible assets

4

125,000

125,000

Tangible assets

5

1,243,557

1,122,844

1,368,557

1,247,844

CURRENT ASSETS

Stocks

4,326

4,150

Debtors

919,543

801,065

Cash at bank and in hand

987,032

1,077,534

1,910,901

1,882,749

CREDITORS

Amounts falling due within one year

658,393

689,415

NET CURRENT ASSETS

1,252,508

1,193,334

TOTAL ASSETS LESS CURRENT LIABILITIES

2,621,065

2,441,178

CREDITORS

Amounts falling due after more than one year

(235,808

)

(212,756

)

PROVISIONS FOR LIABILITIES

6

(228,951

)

(202,698

)

NET ASSETS

2,156,306

2,025,724

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

2,156,196

2,025,614

SHAREHOLDERS' FUNDS

2,156,306

2,025,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:

Mr J A Moseley - Director

Mr A J Moseley - Director

1.	STATUTORY INFORMATION

Joel A Moseley 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

The value of goodwill at each year end is considered by the directors based on their knowledge of the market place for this type of business. Where there is reduction in value that amount is deducted from the carrying value and charged to the income statement. This is in contravention of Accounting standard FRS 102 that says goodwill must be amortised. The directors believe this accounting policy allows the balance sheet to show a true and fair view of the realisable value of goodwill.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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.

Short leasehold

-

20% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and depreciated over their useful lives. Obligations are included in creditors and the interest element is written off to the profit and loss account on a straight line basis over the term of the agreement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

125,000

NET BOOK VALUE

At 31 March 2025

125,000

At 31 March 2024

125,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

2,799,765

Additions

453,842

Disposals

(227,450

)

At 31 March 2025

3,026,157

DEPRECIATION

At 1 April 2024

1,676,921

Charge for year

315,135

Eliminated on disposal

(209,456

)

At 31 March 2025

1,782,600

NET BOOK VALUE

At 31 March 2025

1,243,557

At 31 March 2024

1,122,844

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

Totals

£

COST

Additions

453,385

Reclassification/transfer

752,768

At 31 March 2025

1,206,153

DEPRECIATION

Charge for year

192,227

Reclassification/transfer

136,554

At 31 March 2025

328,781

NET BOOK VALUE

At 31 March 2025

877,372

6.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

228,951

202,698

Deferred

tax

£

Balance at 1 April 2024

202,698

Provided during year

26,253

Balance at 31 March 2025

228,951