REGISTERED NUMBER: 05164499 (England and Wales)

M & G TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J C Faizey

Mrs D Faizey

REGISTERED OFFICE:

17 Stockfield Road

Acocks Green

Birmingham

West Midlands

B27 6AP

REGISTERED NUMBER:

05164499 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

70,898

80,430

70,898

80,430

CURRENT ASSETS

Stocks

1,100

1,065

Debtors

6

46,932

34,121

Cash at bank and in hand

113,212

102,541

161,244

137,727

CREDITORS

Amounts falling due within one year

7

119,116

136,078

NET CURRENT ASSETS

42,128

1,649

TOTAL ASSETS LESS CURRENT LIABILITIES

113,026

82,079

PROVISIONS FOR LIABILITIES

10,064

6,010

NET ASSETS

102,962

76,069

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

10,200

10,200

Retained earnings

92,662

65,769

SHAREHOLDERS' FUNDS

102,962

76,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 5 November 2025 and were signed on its behalf by:

M J C Faizey - Director

1.	STATUTORY INFORMATION

M & G 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

72,835

AMORTISATION

At 1 April 2024

and 31 March 2025

72,835

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

255,562

Additions

32,745

Disposals

(45,000

)

At 31 March 2025

243,307

DEPRECIATION

At 1 April 2024

175,132

Charge for year

21,027

Eliminated on disposal

(23,750

)

At 31 March 2025

172,409

NET BOOK VALUE

At 31 March 2025

70,898

At 31 March 2024

80,430

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

32,555

19,619

Other debtors

14,377

14,502

46,932

34,121

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

2,875

3,589

Amounts owed to group undertakings

32,223

77,590

Taxation and social security

47,487

25,006

Other creditors

36,531

29,893

119,116

136,078

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

10,200

9.	ULTIMATE CONTROLLING PARTY

Control is held by Mr M Faizey, a director, through his shareholding in the parent company.