MLH Transport Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06533399

MLH Transport Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

MLH Transport Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		936,199		941,289

Current assets

Debtors	6	1,234,882	1,188,028
Cash at bank and in hand		892,482	610,384
		------------	------------
		2,127,364	1,798,412

Creditors: amounts falling due within one year	7	790,221		677,172
		------------		------------
Net current assets			1,337,143		1,121,240
			------------		------------
Total assets less current liabilities			2,273,342		2,062,529

Creditors: amounts falling due after more than one year	8		15,556		75,812

Provisions	201,736	232,963
	------------	------------
Net assets	2,056,050	1,753,754
	------------	------------

Capital and reserves

Called up share capital	120	120
Profit and loss account	2,055,930	1,753,634
	------------	------------
Shareholders funds	2,056,050	1,753,754
	------------	------------

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.

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 .

MLH Transport Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 4 December 2025 , and are signed on behalf of the board by:

Mr J Langley

Director

Company registration number: 06533399

MLH 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 and Wales. The address of the registered office is Unit 17 Potter Space Ely, Queen Adelaide Way, Ely, Cambridgeshire, CB7 4UB.

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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents haulage services and storage income during the year, exclusive of Value Added Tax.

Income tax

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.

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:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 52 (2024: 54 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	123,097	33,822	1,840,691	29,018	2,026,628
Additions	46,799	1,376	304,335	1,845	354,355
Disposals	–	–	( 297,426)	( 3,216)	( 300,642)
	---------	--------	------------	--------	------------
At 31 March 2025	169,896	35,198	1,847,600	27,647	2,080,341
	---------	--------	------------	--------	------------
Depreciation
At 1 April 2024	87,343	14,444	965,679	17,873	1,085,339
Charge for the year	15,185	5,160	233,765	2,998	257,108
Disposals	–	–	( 195,852)	( 2,453)	( 198,305)
	---------	--------	------------	--------	------------
At 31 March 2025	102,528	19,604	1,003,592	18,418	1,144,142
	---------	--------	------------	--------	------------
Carrying amount
At 31 March 2025	67,368	15,594	844,008	9,229	936,199
	---------	--------	------------	--------	------------
At 31 March 2024	35,754	19,378	875,012	11,145	941,289
	---------	--------	------------	--------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	929,546	903,682
Other debtors	305,336	284,346
	------------	------------
	1,234,882	1,188,028
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	208,034	194,716
Social security and other taxes	316,338	252,997
Other creditors	265,849	229,459
	---------	---------
	790,221	677,172
	---------	---------

Included within the liabilities disclosed above under other creditors is an amount of £53,765 (2024: £162,733) for which security over the assets to which the liability relates has been given.

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

	2025	2024
	£	£
Other creditors	15,556	75,812
	--------	--------

Included within the liabilities disclosed above under other creditors is an amount of £15,556 (2024: £75,812) for which security over the assets to which the liability relates has been given.

9. Other financial commitments

The total future minimum lease payments under non-cancellable operating leases is £ 167,199 (2024: £ 50,942 ).

10. Directors' advances, credits and guarantees

During the year the company continued to extend credit and make advances to the directors. These amounts are repayable on demand and interest has been charged on any outstanding balances on a daily basis, calculated at the HMRC official beneficial loan rate. Details of the balances, advances and amounts repaid are; A director

	2025	2024
	£	£
Advances	38,525	35,878
Repayments	29,403	30,386
Balance due to the company at the year end	20,086	10,964