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REGISTERED NUMBER: 02654388 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Bryan J. Nunn Haulage Limited

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bryan J. Nunn Haulage Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs N J Nunn
Mr B J Nunn





SECRETARY: Mrs N J Nunn





REGISTERED OFFICE: Transport Depot
Chapel Pond Hill
Bury St. Edmunds
Suffolk
IP32 7HT





REGISTERED NUMBER: 02654388 (England and Wales)

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 6,823 7,960
Tangible assets 6 1,229,694 1,150,995
Investments 7 1,043,695 1,080,781
Investment property 8 5,802,853 5,076,250
8,083,065 7,315,986

CURRENT ASSETS
Stocks 17,568 5,963
Debtors 9 528,661 938,152
Cash at bank 2,869,030 1,957,401
3,415,259 2,901,516
CREDITORS
Amounts falling due within one year 10 965,552 862,205
NET CURRENT ASSETS 2,449,707 2,039,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,532,772

9,355,297

CREDITORS
Amounts falling due after more than one
year

11

(233,749

)

(218,008

)

PROVISIONS FOR LIABILITIES (551,881 ) (351,000 )
NET ASSETS 9,747,142 8,786,289

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Fair value reserve 13 254,062 -
Retained earnings 9,433,080 8,726,289
9,747,142 8,786,289

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

Balance Sheet - continued
31 March 2023


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 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.

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 23 October 2023 and were signed on its behalf by:




Mr B J Nunn - Director



Mrs N J Nunn - Director


Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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


1. STATUTORY INFORMATION

Bryan J. Nunn 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 (£).


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 financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Development costs are being amortised evenly over their estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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


3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 19 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 7,960
AMORTISATION
Charge for year 1,137
At 31 March 2023 1,137
NET BOOK VALUE
At 31 March 2023 6,823
At 31 March 2022 7,960

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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


6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 376,305 3,146,299 3,522,604
Additions - 402,193 402,193
Disposals - (196,295 ) (196,295 )
At 31 March 2023 376,305 3,352,197 3,728,502
DEPRECIATION
At 1 April 2022 85,756 2,285,853 2,371,609
Charge for year 4,218 314,473 318,691
Eliminated on disposal - (191,492 ) (191,492 )
At 31 March 2023 89,974 2,408,834 2,498,808
NET BOOK VALUE
At 31 March 2023 286,331 943,363 1,229,694
At 31 March 2022 290,549 860,446 1,150,995

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 1,080,781
Revaluations (37,086 )
At 31 March 2023 1,043,695
NET BOOK VALUE
At 31 March 2023 1,043,695
At 31 March 2022 1,080,781

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2023 (37,086 )
Cost 1,080,781
1,043,695

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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


7. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,080,781 1,080,781

Fixed asset investments were valued on an open market basis on 31 March 2023 by Carlton Smith Private Wealth .

8. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 5,076,250
Additions 387,853
Revaluations 338,750
At 31 March 2023 5,802,853
NET BOOK VALUE
At 31 March 2023 5,802,853
At 31 March 2022 5,076,250

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 952,505
Valuation in 2023 338,750
Cost 4,511,598
5,802,853

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 4,511,598 4,123,745

Investment property was valued on an open market basis on 31 March 2023 by the directors .

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 522,523 546,503
Other debtors 6,138 391,649
528,661 938,152

Included within other debtors is a balance of £6,138 (2022 - £389,813) in relation to prepayments and a balance of £NIL (2022 - £1,836) in relation to director's loan account.

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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


10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 12) 173,881 164,728
Trade creditors 291,863 175,784
Taxation and social security 359,354 402,337
Other creditors 140,454 119,356
965,552 862,205

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 12) 233,749 218,008

12. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 173,881 164,728
Between one and five years 233,749 218,008
407,630 382,736

Lessor

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2023 2022
£ £
Within one year 206,529 138,340
Greater than one year 236,178 241,170
442,707 379,510

13. RESERVES
Fair
value
reserve
£   
Revaluation 254,062

At 31 March 2023 254,062