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Registered number: 04027005
Machine Transport Services Limited
Financial Statements
For The Year Ended 30 June 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04027005
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 704,650 235,963
704,650 235,963
CURRENT ASSETS
Debtors 5 149,663 261,832
Cash at bank and in hand 110,316 118,093
259,979 379,925
Creditors: Amounts Falling Due Within One Year 6 (203,720 ) (251,493 )
NET CURRENT ASSETS (LIABILITIES) 56,259 128,432
TOTAL ASSETS LESS CURRENT LIABILITIES 760,909 364,395
Creditors: Amounts Falling Due After More Than One Year 7 (220,309 ) (93,737 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (176,162 ) (58,991 )
NET ASSETS 364,438 211,667
CAPITAL AND RESERVES
Called up share capital 10 490 490
Profit and Loss Account 363,948 211,177
SHAREHOLDERS' FUNDS 364,438 211,667
Page 1
Page 2
For the year ending 30 June 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
Mr P A Watson
Director
9th October 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Machine Transport Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04027005 . The registered office is Falkland Close, Charter Avenue Industrial Estate, Coventry, West Midlands, CV4 8AU.
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, excluding discounts, rebates, value added tax and other sales taxes.
When the outcome of a transaction can be estimated reliably, turnover from machine transportation is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to machine transportation.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
2.3. 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 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% reducing balance
2.4. 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.
2.5. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2025: 10)
12 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2025 693,488 250,707 8,365 952,560
Additions 252,239 - 899 253,138
As at 30 June 2026 945,727 250,707 9,264 1,205,698
Depreciation
As at 1 July 2025 496,667 211,900 8,030 716,597
Provided during the period (173,961 ) (41,923 ) 335 (215,549 )
As at 30 June 2026 322,706 169,977 8,365 501,048
Net Book Value
As at 30 June 2026 623,021 80,730 899 704,650
As at 1 July 2025 196,821 38,807 335 235,963
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 142,280 206,310
Prepayments and accrued income 1,457 55,522
Corporation tax recoverable assets 5,926 -
149,663 261,832
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 92,489 6,552
Trade creditors 22,297 46,207
Bank loans and overdrafts 17,281 66,668
Corporation tax - 25,677
Other taxes and social security 10,678 10,909
VAT 44,422 78,881
Other creditors 2,492 818
Accruals and deferred income 1,750 2,180
Directors' loan accounts 12,311 13,601
203,720 251,493
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 209,645 10,429
Bank loans 10,664 83,308
220,309 93,737
8. Secured Creditors
Of the creditors the following amounts are secured.
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 302,134 16,981
Bank loans and overdrafts 27,945 149,976
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 92,489 6,552
Later than one year and not later than five years 209,645 10,429
302,134 16,981
302,134 16,981
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 490 490
Page 5