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Registered Number: 12410014
England and Wales

 

 

 

T & H HAULAGE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023
Directors Richard Mark Thomas
Liane Thomas
Registered Number 12410014
Registered Office 38 Fortfield Road
Whitchurch
Bristol
BS14 9NT
Accountants GD Matthews Chartered Certified Accountants
Shortwood Mead
Whitehouse Lane
Litton
BA3 4PS
1
Report to the directors on the preparation of the unaudited statutory accounts of T & H Haulage Ltd for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of T & H Haulage Ltd for the year ended 31 January 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of T & H Haulage Ltd, as a body, in accordance with the terms of our engagement letter dated Our work has been undertaken solely to prepare for your approval the accounts of T & H Haulage Ltd and state those matters that we have agreed to state to the Board of Directors of T & H Haulage Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T & H Haulage Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that T & H Haulage Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of T & H Haulage Ltd. You consider that T & H Haulage Ltd is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of T & H Haulage Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 January 2023



....................................................
GD Matthews Chartered Certified Accountants
Shortwood Mead
Whitehouse Lane
Litton
BA3 4PS
25 July 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,082,833    538,068 
1,082,833    538,068 
Current assets      
Debtors 4 45,755    242,515 
Cash at bank and in hand 68,367    57,644 
114,122    300,159 
Creditors: amount falling due within one year 5 (452,817)   (294,552)
Net current liabilities (338,695)   5,607 
 
Total assets less current liabilities 744,138    543,675 
Creditors: amount falling due after more than one year 6 (743,904)   (200,172)
Net assets 234    343,503 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 134    343,403 
Shareholder's funds 234    343,503 
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 25 July 2023 and were signed on its behalf by:


-------------------------------
Richard Mark Thomas
Director
3
General Information
T & H Haulage Ltd is a private company, limited by shares, registered in England and Wales, registration number 12410014, registration address 38 Fortfield Road, Whitchurch, Bristol, BS14 9NT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Factored debts
The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor.
2.

Average number of employees

Average number of employees during the year was 6 (2022 : 6).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 February 2022 413,101    184,928    2,719    5,170    605,918 
Additions 52,562    851,053    531    725    904,871 
Disposals (63,112)   (54,288)       (117,400)
At 31 January 2023 402,551    981,693    3,250    5,895    1,393,389 
Depreciation
At 01 February 2022 57,743    9,090    104    913    67,850 
Charge for year 95,030    154,894    812    1,474    252,210 
On disposals (8,421)   (1,083)       (9,504)
At 31 January 2023 144,352    162,901    916    2,387    310,556 
Net book values
Closing balance as at 31 January 2023 258,199    818,792    2,334    3,508    1,082,833 
Opening balance as at 01 February 2022 355,358    175,838    2,615    4,257    538,068 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 280,393    505,524 
Prepayments & Accrued Income 12,309    1,000 
Debts Factored without Recourse (246,947)   (264,009)
45,755    242,515 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 24,796   
Corporation Tax 1,052    28,344 
PAYE & Social Security 2,255    2,018 
Accrued Expenses 1,167    3,900 
Other Creditors 203    294 
Obligations under HP/Financial Leases 290,957    68,951 
Directors' Current Accounts 101,181    105,287 
VAT 31,206    85,758 
452,817    294,552 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 165,000   
Obligations Under HP/Financial Leases 578,904    200,172 
743,904    200,172 

7.

Director’s loan

Directors Loans

A total of £101,181 (2022: £105,286) was due to the directors as at 31st January 2023.
4