Mobile Truck & Trailer Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05743475 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Mobile Truck & Trailer Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I A Smaller

Mrs J Smaller

SECRETARY:

Mrs J Smaller

REGISTERED OFFICE:

117-119 Cleethorpe Road

Grimsby

North East Lincs

DN31 3ET

REGISTERED NUMBER:

05743475 (England and Wales)

FIXED ASSETS

Tangible assets

4

9,331

11,665

CURRENT ASSETS

Debtors

5

11,767

15,941

Cash at bank

17,196

27,995

28,963

43,936

CREDITORS

Amounts falling due within one year

6

24,866

33,504

NET CURRENT ASSETS

4,097

10,432

TOTAL ASSETS LESS CURRENT LIABILITIES

13,428

22,097

CREDITORS

Amounts falling due after more than one year

7

-

(989

)

PROVISIONS FOR LIABILITIES

(1,773

)

(2,216

)

NET ASSETS

11,655

18,892

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11,555

18,792

11,655

18,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 August 2023 and were signed on its behalf by:

I A Smaller - Director

1.	STATUTORY INFORMATION

Mobile Truck & Trailer 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery etc

-

20% on reducing balance

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 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

24,279

DEPRECIATION

At 1 April 2022

12,614

Charge for year

2,334

At 31 March 2023

14,948

NET BOOK VALUE

At 31 March 2023

9,331

At 31 March 2022

11,665

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

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

17,795

DEPRECIATION

At 1 April 2022

7,102

Charge for year

2,139

At 31 March 2023

9,241

NET BOOK VALUE

At 31 March 2023

8,554

At 31 March 2022

10,693

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

11,767

15,941

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

1,667

4,677

Trade creditors

7,984

10,777

Taxation and social security

12,186

14,716

Other creditors

3,029

3,334

24,866

33,504

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

-

989

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.23

31.3.22

£

£

Hire purchase contracts

1,667

5,666

Hire purchase contracts are secured on the asset to which they relate.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I A Smaller.