REGISTERED NUMBER: 04430381 (England and Wales)

Financial Statements

for the Year Ended 31 January 2026

for

M & S Transport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S.A. Phillips

Mrs A.E. Phillips

Mr C S Phillips

Mr P M Phillips

SECRETARY:

Mrs A.E. Phillips

REGISTERED OFFICE:

Williamston House

7 Goat Street

HAVERFORDWEST

Pembrokeshire

SA61 1PX

REGISTERED NUMBER:

04430381 (England and Wales)

FIXED ASSETS

Tangible assets

4

563,115

423,852

CURRENT ASSETS

Stocks

5

1,000

1,000

Debtors

6

183,523

117,787

Cash at bank and in hand

326,985

405,324

511,508

524,111

CREDITORS

Amounts falling due within one year

7

188,385

173,497

NET CURRENT ASSETS

323,123

350,614

TOTAL ASSETS LESS CURRENT LIABILITIES

886,238

774,466

CREDITORS

Amounts falling due after more than one year

8

-

(5,834

)

PROVISIONS FOR LIABILITIES

(141,029

)

(105,963

)

NET ASSETS

745,209

662,669

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

745,109

662,569

SHAREHOLDERS' FUNDS

745,209

662,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 24 July 2026 and were signed on its behalf by:

Mr S.A. Phillips - Director

1.	STATUTORY INFORMATION

M & S 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.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 February 2025

17,271

1,097,792

1,115,063

Additions

-

350,097

350,097

Disposals

-

(107,563

)

(107,563

)

At 31 January 2026

17,271

1,340,326

1,357,597

DEPRECIATION

At 1 February 2025

17,271

673,940

691,211

Charge for year

-

146,223

146,223

Eliminated on disposal

-

(42,952

)

(42,952

)

At 31 January 2026

17,271

777,211

794,482

NET BOOK VALUE

At 31 January 2026

-

563,115

563,115

At 31 January 2025

-

423,852

423,852

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

Plant and

machinery

£

COST

Additions

175,979

At 31 January 2026

175,979

DEPRECIATION

Charge for year

26,397

At 31 January 2026

26,397

NET BOOK VALUE

At 31 January 2026

149,582

5.

STOCKS

31.1.26

31.1.25

£

£

Stocks

1,000

1,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

163,576

117,787

VAT

19,947

-

183,523

117,787

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

5,834

10,000

Other loans

-

25,050

Hire purchase contracts

117,319

-

Trade creditors

21,535

23,355

Tax

7,988

58,834

Social security and other taxes

3,181

2,629

VAT

-

22,148

Directors' current accounts

28,809

27,867

Accrued expenses

3,719

3,614

188,385

173,497

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans - 2-5 years

-

5,834

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

Mr S.A. Phillips and Mrs A.E. Phillips

Balance outstanding at start of year

(27,867

)

(34,339

)

Amounts advanced

15,058

16,472

Amounts repaid

(16,000

)

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(28,809

)

(27,867

)

During the period the company paid rent of £6,000 (2024 £6,000) to Mr S.A and Mrs A.E Phillips, directors.