Mears Transport Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11643760

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		85,849		97,799

			85,849		97,799
CURRENT ASSETS
Debtors	5	103,283		114,963
Cash at bank and in hand		6,394		13,449

		109,677		128,412
Creditors: Amounts Falling Due Within One Year	6	(219,203 )		(211,184 )

NET CURRENT ASSETS (LIABILITIES)			(109,526 )		(82,772 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(23,677 )		15,027

Creditors: Amounts Falling Due After More Than One Year	7		-		(7,910 )

NET (LIABILITIES)/ASSETS			(23,677 )		7,117

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(23,777 )		7,017

SHAREHOLDERS' FUNDS			(23,677)		7,117

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Mears Transport Ltd

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S E Mears

Director

12 May 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Mears Transport Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11643760 . The registered office is Belt View Farm, Cannock Road, Stafford, Staffordshire, ST17 0SH.

2. Accounting Policies

2.1. Basis of Preparation of 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from carriage and transport is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to completion of contracts. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Rental income

Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Freehold	not provided
Plant & Machinery	15% on reducing balance
Motor Vehicles	25% on reducing balance

2.4. Leasing and Hire Purchase Contracts

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.

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Mears Transport Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.5. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2.6. Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.8. Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 7)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 October 2024	2,232	61,474	181,658	245,364
Additions	-	17,663	107	17,770
Disposals	-	(833 )	(25,172 )	(26,005 )

As at 30 September 2025	2,232	78,304	156,593	237,129

Depreciation
As at 1 October 2024	-	22,548	125,017	147,565
Provided during the period	-	8,381	12,042	20,423
Disposals	-	(125 )	(16,583 )	(16,708 )

As at 30 September 2025	-	30,804	120,476	151,280

...CONTINUED

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Mears Transport Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

Net Book Value
As at 30 September 2025	2,232	47,500	36,117	85,849

As at 1 October 2024	2,232	38,926	56,641	97,799

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	-	18,984

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	93,763	113,163
Prepayments and accrued income	6,720	-
Other debtors	2,800	1,800

	103,283	114,963

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	2,500
Trade creditors	21,875	24,304
Bank loans and overdrafts	7,910	20,311
Other taxes and social security	1,084	3,971
VAT	14,327	34,252
Other creditors	117,322	69,123
Accruals and deferred income	5,387	5,054
Directors' loan accounts	51,298	51,669

	219,203	211,184

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	7,910

8. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	-		2,500

Hire purchase conracts are secured against the assets being leased.

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Mears Transport Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

10. Going Concern

As at 30 September 2025 the company's balance sheet was overdrawn by £23,677. The directors will support the company to ensure it meets its liabilities as they fall due.

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