IRIS Accounts Production v22.2.0.402 08009571 Board of Directors 1.4.21 31.3.22 31.3.22 false true false false false true false Ordinary 1.00000 Ordinary 'A' 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure080095712021-03-31080095712022-03-31080095712021-04-012022-03-31080095712020-03-31080095712020-04-012021-03-31080095712021-03-3108009571ns16:EnglandWales2021-04-012022-03-3108009571ns15:PoundSterling2021-04-012022-03-3108009571ns11:Director12021-04-012022-03-3108009571ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3108009571ns11:SmallEntities2021-04-012022-03-3108009571ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3108009571ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3108009571ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3108009571ns11:FullAccounts2021-04-012022-03-310800957112021-04-012022-03-3108009571ns11:OrdinaryShareClass12021-04-012022-03-3108009571ns11:OrdinaryShareClass22021-04-012022-03-3108009571ns11:Director22021-04-012022-03-3108009571ns11:RegisteredOffice2021-04-012022-03-3108009571ns6:CurrentFinancialInstruments2022-03-3108009571ns6:CurrentFinancialInstruments2021-03-3108009571ns6:Non-currentFinancialInstruments2022-03-3108009571ns6:Non-currentFinancialInstruments2021-03-3108009571ns6:ShareCapital2022-03-3108009571ns6:ShareCapital2021-03-3108009571ns6:RetainedEarningsAccumulatedLosses2022-03-3108009571ns6:RetainedEarningsAccumulatedLosses2021-03-3108009571ns6:NetGoodwill2021-04-012022-03-3108009571ns6:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3108009571ns6:PlantMachinery2021-04-012022-03-3108009571ns6:NetGoodwill2021-03-3108009571ns6:NetGoodwill2022-03-3108009571ns6:NetGoodwill2021-03-3108009571ns6:PlantMachinery2021-03-3108009571ns6:PlantMachinery2022-03-3108009571ns6:PlantMachinery2021-03-3108009571ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2021-03-3108009571ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2021-04-012022-03-3108009571ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-3108009571ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2021-03-3108009571ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3108009571ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3108009571ns11:OrdinaryShareClass12022-03-3108009571ns11:OrdinaryShareClass22022-03-3108009571ns11:Director112021-03-3108009571ns11:Director112020-03-3108009571ns11:Director112021-04-012022-03-3108009571ns11:Director112020-04-012021-03-3108009571ns11:Director112022-03-3108009571ns11:Director112021-03-31080095712ns11:Director22021-03-31080095712ns11:Director22020-03-31080095712ns11:Director22021-04-012022-03-31080095712ns11:Director22020-04-012021-03-31080095712ns11:Director22022-03-31080095712ns11:Director22021-03-31
REGISTERED NUMBER: 08009571 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Prigmore Haulage Ltd

Prigmore Haulage Ltd (Registered number: 08009571)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prigmore Haulage Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mr R A Prigmore
Mrs P M Prigmore





REGISTERED OFFICE: Brook House
Edmonds Close
Denington Industrial Estate
Wellingborough
Northamptonshire
NN8 2QY





REGISTERED NUMBER: 08009571 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Prigmore Haulage Ltd (Registered number: 08009571)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 890,034 693,195
890,034 693,195

CURRENT ASSETS
Stocks 33,188 31,689
Debtors 6 425,823 353,766
Cash at bank and in hand 78,342 45,692
537,353 431,147
CREDITORS
Amounts falling due within one year 7 389,877 348,046
NET CURRENT ASSETS 147,476 83,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,037,510

776,296

CREDITORS
Amounts falling due after more than one
year

8

(625,100

)

(551,070

)

PROVISIONS FOR LIABILITIES (222,509 ) (131,707 )
NET ASSETS 189,901 93,519

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 189,701 93,319
SHAREHOLDERS' FUNDS 189,901 93,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Prigmore Haulage Ltd (Registered number: 08009571)

Balance Sheet - continued
31 March 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





Mrs P M Prigmore - Director


Prigmore Haulage Ltd (Registered number: 08009571)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Prigmore Haulage Ltd 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 5% 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 Statement of Income and Retained Earnings, 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.

Prigmore Haulage Ltd (Registered number: 08009571)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 28 (2021 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 50,000
AMORTISATION
At 1 April 2021
and 31 March 2022 50,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

Prigmore Haulage Ltd (Registered number: 08009571)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 1,118,444
Additions 321,507
Disposals (87,200 )
At 31 March 2022 1,352,751
DEPRECIATION
At 1 April 2021 425,249
Charge for year 96,206
Eliminated on disposal (58,738 )
At 31 March 2022 462,717
NET BOOK VALUE
At 31 March 2022 890,034
At 31 March 2021 693,195

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

Plant and
machinery
etc
£   
COST
At 1 April 2021 904,289
Additions 312,868
At 31 March 2022 1,217,157
DEPRECIATION
At 1 April 2021 292,856
Charge for year 86,619
At 31 March 2022 379,475
NET BOOK VALUE
At 31 March 2022 837,682
At 31 March 2021 611,433

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 321,616 196,086
Other debtors 104,207 157,680
425,823 353,766

Prigmore Haulage Ltd (Registered number: 08009571)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 35,993
Hire purchase contracts 203,525 180,161
Trade creditors 68,915 48,181
Taxation and social security 100,696 75,105
Other creditors 16,741 8,606
389,877 348,046

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 534,808 441,070
Other creditors 90,292 110,000
625,100 551,070

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary 1 100 100
100 Ordinary 'A' 1 100 100
200 200

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
Mrs P M Prigmore
Balance outstanding at start of year 4,862 (6,650 )
Amounts advanced 200 11,512
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,062 4,862

Prigmore Haulage Ltd (Registered number: 08009571)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr R A Prigmore
Balance outstanding at start of year 3,185 (3,600 )
Amounts advanced 24 6,785
Amounts repaid (2,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,209 3,185

Interest was charged on the directors' overdrawn loan balances.