MLR Trailers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11191856

MLR Trailers Limited

Filleted Unaudited Financial Statements

31 March 2025

MLR Trailers Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	379,279	360,548

Current assets

Debtors	6	33,472	64,260
Cash at bank and in hand		122,423	185,895
		---------	---------
		155,895	250,155

Creditors: amounts falling due within one year	7	108,564	85,208
		---------	---------
Net current assets		47,331	164,947
		---------	---------
Total assets less current liabilities		426,610	525,495

Creditors: amounts falling due after more than one year	8	68,842	81,124

Provisions	39,046	68,504
	---------	---------
Net assets	318,722	375,867
	---------	---------

Capital and reserves

Called up share capital	50	100
Capital redemption reserve	50	–
Profit and loss account	318,622	375,767
	---------	---------
Shareholders funds	318,722	375,867
	---------	---------

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 comprehensive income has not been delivered.

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MLR Trailers Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 October 2025 , and are signed on behalf of the board by:

Mr G N Roberts
Director

Company registration number: 11191856

MLR Trailers 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 and Wales. The address of the registered office is Whittle Close, Engineer Park, Sandycroft, Deeside, CH5 2QY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis .

Judgements and key sources of estimation uncertainty

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

The directors carried out their company duties for no remuneration.

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2024	–	577,614	577,614
Additions	27,826	135,800	163,626
Disposals	–	( 47,500)	( 47,500)
	--------	---------	---------
At 31 March 2025	27,826	665,914	693,740
	--------	---------	---------
Depreciation
At 1 April 2024	–	217,066	217,066
Charge for the year	6,956	119,506	126,462
Disposals	–	( 29,067)	( 29,067)
	--------	---------	---------
At 31 March 2025	6,956	307,505	314,461
	--------	---------	---------
Carrying amount
At 31 March 2025	20,870	358,409	379,279
	--------	---------	---------
At 31 March 2024	–	360,548	360,548
	--------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	33,075	64,225
Other debtors	397	35
	--------	--------
	33,472	64,260
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	9,919	10,015
Social security and other taxes	13,567	3,909
Other creditors	85,078	71,284
	---------	--------
	108,564	85,208
	---------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	68,842	81,124
	--------	--------