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REGISTERED NUMBER: 07598997 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 April 2023

for

Asg Bulk Haulage Ltd

Asg Bulk Haulage Ltd (Registered number: 07598997)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Asg Bulk Haulage Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: S Glaves





REGISTERED OFFICE: 2 Horseshoe Close
Wales
SHEFFIELD
S26 5PZ





REGISTERED NUMBER: 07598997 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Asg Bulk Haulage Ltd (Registered number: 07598997)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,621 55,601

CURRENT ASSETS
Debtors 5 128,480 111,154
Cash at bank and in hand 173,268 172,870
301,748 284,024
CREDITORS
Amounts falling due within one year 6 163,269 155,865
NET CURRENT ASSETS 138,479 128,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,100

183,760

CREDITORS
Amounts falling due after more than one
year

7

(11,082

)

(53,108

)

PROVISIONS FOR LIABILITIES 9 (4,678 ) (10,564 )
NET ASSETS 147,340 120,088

CAPITAL AND RESERVES
Called up share capital 10 5 5
Retained earnings 11 147,335 120,083
SHAREHOLDERS' FUNDS 147,340 120,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Asg Bulk Haulage Ltd (Registered number: 07598997)

Balance Sheet - continued
30 April 2023


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 12 September 2023 and were signed by:





S Glaves - Director


Asg Bulk Haulage Ltd (Registered number: 07598997)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Asg Bulk 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.

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 - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 ) .

Asg Bulk Haulage Ltd (Registered number: 07598997)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 25,951 500 63,475 4,834 94,760
Additions - - 13,998 465 14,463
Disposals - - (50,475 ) - (50,475 )
At 30 April 2023 25,951 500 26,998 5,299 58,748
DEPRECIATION
At 1 May 2022 16,649 472 18,307 3,731 39,159
Charge for year 1,861 7 5,327 392 7,587
Eliminated on disposal - - (12,619 ) - (12,619 )
At 30 April 2023 18,510 479 11,015 4,123 34,127
NET BOOK VALUE
At 30 April 2023 7,441 21 15,983 1,176 24,621
At 30 April 2022 9,302 28 45,168 1,103 55,601

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022 50,475
Disposals (50,475 )
At 30 April 2023 -
DEPRECIATION
At 1 May 2022 12,619
Eliminated on disposal (12,619 )
At 30 April 2023 -
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 37,856

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 128,480 111,154

Asg Bulk Haulage Ltd (Registered number: 07598997)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 9,963 10,010
Hire purchase contracts - 6,206
Trade creditors 64,995 72,258
Tax 28,595 5,210
Social security and other taxes - 184
VAT 11,982 9,768
Directors' current accounts 45,734 50,229
Accrued expenses 2,000 2,000
163,269 155,865

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 11,082 20,999
Hire purchase contracts - 32,109
11,082 53,108

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,963 10,010

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,082 20,999

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,678 10,564

Deferred
tax
£   
Balance at 1 May 2022 10,564
Movement in the year (5,886 )
Balance at 30 April 2023 4,678

Asg Bulk Haulage Ltd (Registered number: 07598997)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary A 1 4 4
1 Ordinary B 1 1 1
5 5

11. RESERVES
Retained
earnings
£   

At 1 May 2022 120,083
Profit for the year 91,610
Dividends (64,358 )
At 30 April 2023 147,335

12. ULTIMATE CONTROLLING PARTY

The controlling party is S Glaves.