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REGISTERED NUMBER: 12454529 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

L&H TRANSPORT LTD

L&H TRANSPORT LTD (Registered number: 12454529)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


L&H TRANSPORT LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: L C UNITT





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 12454529 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

L&H TRANSPORT LTD (Registered number: 12454529)

Report of the Director
for the Year Ended 31 March 2023

The director presents his report with the financial statements of the company for the year ended 31 March 2023.

DIRECTOR
L C UNITT held office during the whole of the period from 1 April 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





L C UNITT - Director


1 October 2023

L&H TRANSPORT LTD (Registered number: 12454529)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2023

31/3/23 31/3/22
Notes £    £   

TURNOVER 32,102 25,700

Cost of sales 26,459 27,153
GROSS PROFIT/(LOSS) 5,643 (1,453 )

Administrative expenses 7,026 9,321
OPERATING LOSS and
LOSS BEFORE TAXATION (1,383 ) (10,774 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (1,383 ) (10,774 )

Retained earnings at beginning of year (10,774 ) -

RETAINED EARNINGS AT END OF YEAR (12,157 ) (10,774 )

L&H TRANSPORT LTD (Registered number: 12454529)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 35,750 40,750

CURRENT ASSETS
Debtors 6 1,746 1,133
Cash at bank and in hand 11,342 16,854
13,088 17,987
CREDITORS
Amounts falling due within one year 7 27,597 25,095
NET CURRENT LIABILITIES (14,509 ) (7,108 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,241 33,642

CREDITORS
Amounts falling due after more than one year 8 33,397 44,415
NET LIABILITIES (12,156 ) (10,773 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (12,157 ) (10,774 )
SHAREHOLDERS' FUNDS (12,156 ) (10,773 )

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 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.

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

The financial statements were approved by the director and authorised for issue on 1 October 2023 and were signed by:





L C UNITT - Director


L&H TRANSPORT LTD (Registered number: 12454529)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

L&H TRANSPORT 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. OPERATING LOSS

The operating loss is stated after charging:

31/3/23 31/3/22
£    £   
Depreciation - owned assets 5,000 5,000

L&H TRANSPORT LTD (Registered number: 12454529)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 45,750
DEPRECIATION
At 1 April 2022 5,000
Charge for year 5,000
At 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 35,750
At 31 March 2022 40,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
VAT 1,746 1,133

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Directors' current accounts 26,347 23,845
Accrued expenses 1,250 1,250
27,597 25,095

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Bounce Back Loan 33,397 44,415