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REGISTERED NUMBER: 04310177 (England and Wales)


























FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

CAVE LIQUID HAULAGE LIMITED

CAVE LIQUID HAULAGE LIMITED (REGISTERED NUMBER: 04310177)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAVE LIQUID HAULAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr C A Hewick
Mrs C A Hewick





SECRETARY: Mrs C A Hewick





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Hampshire
SO50 9PD





BUSINESS ADDRESS: Loft Farm
Cockfield
Bury St Edmund
Suffolk
IP30 0LJ





REGISTERED NUMBER: 04310177 (England and Wales)





AUDITORS: Langdowns DFK Limited
Statutory Auditor
Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD

CAVE LIQUID HAULAGE LIMITED (REGISTERED NUMBER: 04310177)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 - 18,044
- 18,044

CURRENT ASSETS
Debtors 7 2 1,996,616
Cash at bank - 319,921
2 2,316,537
CREDITORS
Amounts falling due within one year 8 - 352,279
NET CURRENT ASSETS 2 1,964,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

2

1,982,302

CREDITORS
Amounts falling due after more than one
year

9

-

(170,833

)

PROVISIONS FOR LIABILITIES - (2,342 )
NET ASSETS 2 1,809,127

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings - 1,809,125
SHAREHOLDERS' FUNDS 2 1,809,127

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 Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:





Mr C A Hewick - Director


CAVE LIQUID HAULAGE LIMITED (REGISTERED NUMBER: 04310177)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Cave Liquid Haulage Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


During the previous period, the company changed its accounting reference date from 30 November 2021 to 31 January 2022. The financial statements are for the period 1 February 2022 to 31 January 2023. The comparatives are for the period 1 December 2020 to 31 January 2022.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company transferred its trade, assets and liabilities to its parent company, Hewicks Haulage Limited, on 1 February 2022 and was dormant as of that date. The directors have prepared the financial statements on a basis other than that of the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% straight line

All fixed assets are initially recorded at cost.

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.

CAVE LIQUID HAULAGE LIMITED (REGISTERED NUMBER: 04310177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022 15,000
Disposal on hive up of assets to
parent company

(15,000

)

At 31 January 2023 -
AMORTISATION
At 1 February 2022 15,000
Disposal on hive up of assets to
parent company

(15,000

)

At 31 January 2023 -
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

CAVE LIQUID HAULAGE LIMITED (REGISTERED NUMBER: 04310177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2022 50,224 1,098 8,484 59,806
Disposal on hive up of assets to
parent company

(50,224

)

(1,098

)

(8,484

)

(59,806

)

At 31 January 2023 - - - -
DEPRECIATION
At 1 February 2022 35,519 599 5,644 41,762
Disposal on hive up of assets to
parent company

(35,519

)

(599

)

(5,644

)

(41,762

)

At 31 January 2023 - - - -
NET BOOK VALUE
At 31 January 2023 - - - -
At 31 January 2022 14,705 499 2,840 18,044

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 500,388
Amounts owed by group undertakings 2 -
Other debtors - 1,188,740
2 1,689,128

Amounts falling due after more than one year:
Other debtors - 307,488

Aggregate amounts 2 1,996,616

Included in other debtors is £nil (2022: £155) in relation to prepayments and accrued income.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 50,000
Trade creditors - 19,596
Taxation and social security - 137,294
Other creditors - 145,389
- 352,279

Included in other creditors is £nil (2022: £7,205) in relation to accruals and deferred income.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 170,833

CAVE LIQUID HAULAGE LIMITED (REGISTERED NUMBER: 04310177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 220,833

Bank loans are secured by way of a Debenture.

Bank loans include £nil (2022: £220,833) borrowed under the Coronavirus Business Interruption Loan Scheme. The UK Government has provided the lender with a limited guarantee of up to 80% of the capital of the loan.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £0.01 2 2

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified and included the following extracts:

Emphasis of matter - hiving up of business to parent company

We draw attention to Note 3 to the financial statements which explains that, following a hive up of its trade, assets and liabilities to its parent company Hewicks Haulage Limited on 1 February 2022, Cave Liquid Haulage Limited as an individual entity became dormant. The directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 3. Our opinion is not modified in respect of this matter.

Other matter

The comparative figures of the company for the period ended 31 January 2022 were not audited.

Graham Taylor (Senior Statutory Auditor)
for and on behalf of Langdowns DFK Limited

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

On 1 February 2022, Cave Liquid Haulage Limited became a 100% subsidiary of Hewicks Haulage Limited and hived up all of its trade, assets and liabilities to Hewicks Haulage Limited. Cave Liquid Haulage Limited became a dormant company from 1 February 2022.