| REGISTERED NUMBER: |
| MONAGHAN FREIGHT LTD |
| Unaudited Financial Statements for the Year Ended 30 April 2026 |
| REGISTERED NUMBER: |
| MONAGHAN FREIGHT LTD |
| Unaudited Financial Statements for the Year Ended 30 April 2026 |
| MONAGHAN FREIGHT LTD (REGISTERED NUMBER: NI624390) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2026 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| MONAGHAN FREIGHT LTD |
| Company Information |
| for the Year Ended 30 April 2026 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Unit 7 Dyehouse |
| Linen Green |
| Dungannon |
| Co. Tyrone |
| BT71 7HB |
| MONAGHAN FREIGHT LTD (REGISTERED NUMBER: NI624390) |
| Statement of Financial Position |
| 30 April 2026 |
| 2026 | 2025 |
| Notes | £ | £ |
| NON-CURRENT ASSETS |
| Property, plant and equipment | 5 |
| CURRENT ASSETS |
| Receivables | 6 |
| Cash at bank and in hand |
| PAYABLES | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PAYABLES | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| MONAGHAN FREIGHT LTD (REGISTERED NUMBER: NI624390) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2026 |
| 1. | STATUTORY INFORMATION |
| Monaghan Freight Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets. |
| Revenue |
| Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax. Revenue is recognised upon delivery of service to the customer. |
| Property, plant and equipment and depreciation |
| Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows: |
| Long leasehold | Not depreciated |
| Plant and machinery | 25% Reducing balance |
| Plant and machinery - lorries | 15% Reducing balance |
| Motor vehicles | 25% Reducing balance |
| The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable. |
| 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. |
| Foreign currencies |
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement. |
| MONAGHAN FREIGHT LTD (REGISTERED NUMBER: NI624390) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2026 |
| 3. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Cash flow statement |
| The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company. |
| Share capital |
| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Freehold | Long | Plant and |
| property | leasehold | machinery |
| £ | £ | £ |
| COST |
| At 1 May 2025 |
| Additions |
| Disposals | ( |
) |
| At 30 April 2026 |
| DEPRECIATION |
| At 1 May 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 April 2026 |
| NET BOOK VALUE |
| At 30 April 2026 |
| At 30 April 2025 |
| MONAGHAN FREIGHT LTD (REGISTERED NUMBER: NI624390) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2026 |
| 5. | PROPERTY, PLANT AND EQUIPMENT - continued |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 May 2025 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 April 2026 |
| DEPRECIATION |
| At 1 May 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 April 2026 |
| NET BOOK VALUE |
| At 30 April 2026 |
| At 30 April 2025 |
| 6. | RECEIVABLES |
| 2026 | 2025 |
| £ | £ |
| Trade receivables |
| Other receivables |
| 7. | PAYABLES |
| 2026 | 2025 |
| £ | £ |
| Bank loans and overdrafts (see note 9) |
| Hire purchase contracts (see note 10) |
| Trade payables |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other payables |
| The bank loan has been secured by the company. |
| Hire purchase liabilities are secured on the assets to which they relate. |
| 8. | PAYABLES |
| 2026 | 2025 |
| £ | £ |
| Hire purchase contracts (see note 10) |
| Other creditors |
| MONAGHAN FREIGHT LTD (REGISTERED NUMBER: NI624390) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2026 |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2026 | 2025 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Other loans |
| Amounts falling due between one and two years: |
| Other loans - 1-2 years | 212,000 |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under hire purchase fall due as follows: |
| 2026 | 2025 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2026 | 2025 |
| value: | £ | £ |
| Ordinary | 1 | 10 | 10 |
| 12. | RELATED PARTY DISCLOSURES |
| At the year end, an amount of £51,041 (2025: £73,260) was owing to the director by the company. |