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REGISTERED NUMBER: OC404691 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

PETER MONKHOUSE HAULAGE LLP

PETER MONKHOUSE HAULAGE LLP (REGISTERED NUMBER: OC404691)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETER MONKHOUSE HAULAGE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DESIGNATED MEMBERS: Peter Anthony Guy Monkhouse
Deborah Warnes





REGISTERED OFFICE: Sawmill Depot
Durham Road
Wolsingham
Co. Durham
DL13 3JB





REGISTERED NUMBER: OC404691 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NJ

PETER MONKHOUSE HAULAGE LLP (REGISTERED NUMBER: OC404691)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,288,413 1,110,115

CURRENT ASSETS
Stocks 7,444 6,694
Debtors 5 251,917 209,823
259,361 216,517
CREDITORS
Amounts falling due within one year 6 604,409 576,367
NET CURRENT LIABILITIES (345,048 ) (359,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

943,365

750,265

CREDITORS
Amounts falling due after more than
one year

7

450,112

257,322
NET ASSETS ATTRIBUTABLE TO
MEMBERS

493,253

492,943

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

493,253

492,943

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 493,253 492,943

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2022.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

PETER MONKHOUSE HAULAGE LLP (REGISTERED NUMBER: OC404691)

BALANCE SHEET - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 June 2022 and were signed by:





Peter Anthony Guy Monkhouse - Designated member

PETER MONKHOUSE HAULAGE LLP (REGISTERED NUMBER: OC404691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Peter Monkhouse Haulage LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

FINANCE COST OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

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.
Improvements to property - not depreciated
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 15% 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the shorter of the lease period and the period to the next rent review at which the rent is expected to be reset to market rates.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

TAXATION
Taxation on all of the LLP's profits is solely the personal liability of the individual members. Consequently neither taxation nor related deferred taxation arising in respect of the members are accounted for in these financial statements.

PETER MONKHOUSE HAULAGE LLP (REGISTERED NUMBER: OC404691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

MEMBERS' REMUNERATION
A member's share in the profit or loss for the year is accounted for as an allocation of profits. In accordance with the members' agreement profits are deemed to be allocated when earned each year. Therefore there are no unallocated profits or losses at the year end. The member's share of profits is therefore, included as an expense in the profit and loss account.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 12 (2021 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2021 9,045 730,304 7,111 695,900 1,442,360
Additions 157,220 71,179 - 218,864 447,263
Disposals - (109,900 ) - (135,340 ) (245,240 )
At 31 March 2022 166,265 691,583 7,111 779,424 1,644,383
DEPRECIATION
At 1 April 2021 - 129,755 2,301 200,189 332,245
Charge for year - 61,142 481 74,741 136,364
Eliminated on disposal - (49,597 ) - (63,042 ) (112,639 )
At 31 March 2022 - 141,300 2,782 211,888 355,970
NET BOOK VALUE
At 31 March 2022 166,265 550,283 4,329 567,536 1,288,413
At 31 March 2021 9,045 600,549 4,810 495,711 1,110,115

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 231,525 181,612
Other debtors 20,392 28,211
251,917 209,823

PETER MONKHOUSE HAULAGE LLP (REGISTERED NUMBER: OC404691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts (see note 8) 108,424 74,716
Hire purchase contracts (see note 9) 240,076 130,276
Trade creditors 171,225 290,249
Taxation and social security 8,158 5,240
Other creditors 76,526 75,886
604,409 576,367

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans (see note 8) 118,750 41,667
Hire purchase contracts (see note 9) 331,362 215,655
450,112 257,322

8. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 77,174 66,383
Bank loans - less than 1 yr 31,250 8,333
108,424 74,716

Amounts falling due between one and two years:
Bank loans - 1-2 years 37,500 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 81,250 31,667

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2022 2021
£    £   
Net obligations repayable:
Within one year 240,076 130,276
Between one and five years 331,362 215,655
571,438 345,931

PETER MONKHOUSE HAULAGE LLP (REGISTERED NUMBER: OC404691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank overdrafts 77,174 66,383
Hire purchase contracts 571,438 345,931
648,612 412,314

The company has a bank overdraft totalling £77,174 (2021 : £66,383) which is secured by a charge on the LLP's assets.

The company has hire purchase contracts totalling £571,438 (2021 : £345,931) which are secured by a charge on the assets purchased under these agreements.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.

12. PENSION COMMITMENTS

The LLP operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the LLP in an independently administered fund. The pension cost represents contributions payable by the LLP to the fund and amounted to £8,638 (2021 : £6,696). Contributions totalling £nil (2021 : £nil) were payable to the fund at the year end and are included in creditors.

13. RELATED PARTY DISCLOSURES

Mr P A G Monkhouse and Miss D Warnes are directors of P & D Commercial Ltd.

Creditors falling due within one year includes a related party loan of £68,972 (2021 : £68,972) payable to P & D Commercials Ltd.