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REGISTERED NUMBER: SC348012 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2021

for

R. Stevenson Haulage Limited

R. Stevenson Haulage Limited (Registered number: SC348012)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R. Stevenson Haulage Limited

Company Information
for the Year Ended 30 November 2021







DIRECTOR: Mrs R J Pedrick



REGISTERED OFFICE: East Banknock Farm
Denny
Stirlingshire
FK6 5NA



REGISTERED NUMBER: SC348012 (Scotland)



ACCOUNTANTS: Peter Deans Chartered Accountants
42 Stirling Street
Denny
Stirlingshire
FK6 6DJ



BANKERS: The Royal Bank of Scotland
32 Glasgow Road
Denny
Stirlingshire
FK6 6AY

R. Stevenson Haulage Limited (Registered number: SC348012)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,193 40,257

CURRENT ASSETS
Stocks 1,200 1,200
Debtors 5 11,927 14,844
Cash at bank 7,798 9,038
20,925 25,082
CREDITORS
Amounts falling due within one year 6 63,658 53,691
NET CURRENT LIABILITIES (42,733 ) (28,609 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,540

)

11,648

CREDITORS
Amounts falling due after more than one year 7 33,955 52,472
NET LIABILITIES (46,495 ) (40,824 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (46,496 ) (40,825 )
SHAREHOLDERS' FUNDS (46,495 ) (40,824 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 25 August 2022 and were signed by:





Mrs R J Pedrick - Director


R. Stevenson Haulage Limited (Registered number: SC348012)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

R. Stevenson Haulage Limited is a private company, limited by shares , registered in Scotland. 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

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.

R. Stevenson Haulage Limited (Registered number: SC348012)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2020
and 30 November 2021 2,000 126,545 673 129,218
DEPRECIATION
At 1 December 2020 1,937 86,505 519 88,961
Charge for year 16 10,010 38 10,064
At 30 November 2021 1,953 96,515 557 99,025
NET BOOK VALUE
At 30 November 2021 47 30,030 116 30,193
At 30 November 2020 63 40,040 154 40,257

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2020
and 30 November 2021 126,545
DEPRECIATION
At 1 December 2020 86,505
Charge for year 10,010
At 30 November 2021 96,515
NET BOOK VALUE
At 30 November 2021 30,030
At 30 November 2020 40,040

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade debtors 8,748 11,619
Other debtors 3,179 3,225
11,927 14,844

R. Stevenson Haulage Limited (Registered number: SC348012)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans and overdrafts 7,908 4,432
Hire purchase contracts 23,012 25,309
Trade creditors 8,068 2,821
Taxation and social security 3,935 7,802
Other creditors 20,735 13,327
63,658 53,691

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans 10,943 17,672
Hire purchase contracts 23,012 34,800
33,955 52,472

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs R J Pedrick.