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Registered number: 06960471
MP Transport Limited
Unaudited Financial Statements
For The Year Ended 31 July 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06960471
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 23,165 27,390
Tangible Assets 5 53,426 10,199
76,591 37,589
CURRENT ASSETS
Debtors 6 196,937 172,051
Cash at bank and in hand 24,601 28,992
221,538 201,043
Creditors: Amounts Falling Due Within One Year 7 (198,314 ) (184,136 )
NET CURRENT ASSETS (LIABILITIES) 23,224 16,907
TOTAL ASSETS LESS CURRENT LIABILITIES 99,815 54,496
Creditors: Amounts Falling Due After More Than One Year 8 (53,902 ) (50,469 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,151 ) -
NET ASSETS 35,762 4,027
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 35,662 3,927
SHAREHOLDERS' FUNDS 35,762 4,027
Page 1
Page 2
For the year ending 31 July 2026 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
Mrs J M Dean
Director
23/09/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MP Transport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06960471 . The registered office is Mitre House Pitt Street West, Burslem, Stoke-On-Trent, ST6 3JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is computer software. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% on cost
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on cost
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2025: 4)
5 4
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4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 August 2025 42,245
As at 31 July 2026 42,245
Amortisation
As at 1 August 2025 14,855
Provided during the period 4,225
As at 31 July 2026 19,080
Net Book Value
As at 31 July 2026 23,165
As at 1 August 2025 27,390
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2025 50,209 29,029 9,531 88,769
Additions - 46,749 3,543 50,292
As at 31 July 2026 50,209 75,778 13,074 139,061
Depreciation
As at 1 August 2025 49,749 21,679 7,142 78,570
Provided during the period 200 5,541 1,324 7,065
As at 31 July 2026 49,949 27,220 8,466 85,635
Net Book Value
As at 31 July 2026 260 48,558 4,608 53,426
As at 1 August 2025 460 7,350 2,389 10,199
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2026 2025
£ £
Motor Vehicles 47,555 6,012
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6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 85,888 67,768
Amounts recoverable on contracts 16,760 12,445
Other debtors 94,289 91,838
196,937 172,051
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 11,480 3,800
Trade creditors 39,323 24,353
Bank loans and overdrafts 29,202 30,635
Other creditors 87,379 84,882
Taxation and social security 30,930 40,466
198,314 184,136
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 34,852 2,217
Bank loans 19,050 48,252
53,902 50,469
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,480 3,800
Later than one year and not later than five years 34,852 2,217
46,332 6,017
46,332 6,017
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10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
Page 7