REGISTERED NUMBER: 09530094 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Monahans Transport Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N Hasham

Mr M A Hasham

REGISTERED OFFICE:

Unit 8 The Railyard

Dutton Lane

Eastleigh

SO50 6AA

REGISTERED NUMBER:

09530094 (England and Wales)

ACCOUNTANTS:

CBM Accountants Limited

130 Bournemouth Road

Chandler's Ford

Eastleigh

Hampshire

SO53 3AL

FIXED ASSETS

Tangible assets

4

2,413,169

2,225,502

Investments

5

72,500

72,500

2,485,669

2,298,002

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

6

1,049,784

549,816

Cash at bank

333

46,834

1,055,117

601,650

CREDITORS

Amounts falling due within one year

7

1,636,805

957,002

NET CURRENT LIABILITIES

(581,688

)

(355,352

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,903,981

1,942,650

CREDITORS

Amounts falling due after more than one year

8

(824,049

)

(949,443

)

PROVISIONS FOR LIABILITIES

(291,743

)

(293,148

)

NET ASSETS

788,189

700,059

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

26,000

26,000

Retained earnings

762,089

673,959

SHAREHOLDERS' FUNDS

788,189

700,059

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 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.

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 26 September 2025 and were signed on its behalf by:

Mr M A Hasham - Director

1.	STATUTORY INFORMATION

Monahans Transport Ltd 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 as modified by the revaluation of certain assets.

Turnover

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

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 January 2024

2,525,407

8,729

292,610

2,826,746

Additions

612,604

843

-

613,447

Disposals

-

-

(114,120

)

(114,120

)

At 31 December 2024

3,138,011

9,572

178,490

3,326,073

DEPRECIATION

At 1 January 2024

534,402

2,310

64,532

601,244

Charge for year

329,462

734

23,381

353,577

Eliminated on disposal

-

-

(41,917

)

(41,917

)

At 31 December 2024

863,864

3,044

45,996

912,904

NET BOOK VALUE

At 31 December 2024

2,274,147

6,528

132,494

2,413,169

At 31 December 2023

1,991,005

6,419

228,078

2,225,502

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Valuation in 2020

16,000

-

-

16,000

Valuation in 2019

10,000

-

-

10,000

Cost

3,112,011

9,572

178,490

3,300,073

3,138,011

9,572

178,490

3,326,073

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

1,944,759

292,610

2,237,369

Additions

491,300

-

491,300

Disposals

-

(114,120

)

(114,120

)

At 31 December 2024

2,436,059

178,490

2,614,549

DEPRECIATION

At 1 January 2024

393,253

64,532

457,785

Charge for year

329,462

23,381

352,843

Eliminated on disposal

-

(41,917

)

(41,917

)

At 31 December 2024

722,715

45,996

768,711

NET BOOK VALUE

At 31 December 2024

1,713,344

132,494

1,845,838

At 31 December 2023

1,551,506

228,078

1,779,584

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

72,500

NET BOOK VALUE

At 31 December 2024

72,500

At 31 December 2023

72,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

828,543

471,888

Amounts owed by participating interests

106,262

62,861

Other debtors

114,979

15,067

1,049,784

549,816

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

19,408

-

Hire purchase contracts and finance leases

513,104

384,341

Trade creditors

116,815

101,618

Taxation and social security

40,238

11,107

Other creditors

947,240

459,936

1,636,805

957,002

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts and finance leases

824,049

949,443

9.	SECURED DEBTS

Bank loans are secured by way of a fixed and floating charge on the assets of the company.

10.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

26,000

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr M A Hasham

Balance outstanding at start of year

-

-

Amounts advanced

48,057

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

48,057

-

12.	RELATED PARTY DISCLOSURES

M.Hasham who is a director of the company is also a director of Hasham Logistics Ltd who owe the company £511,467 as at 31st December 2024