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REGISTERED NUMBER: 02215258 (England and Wales)















HAULMASTER'S LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2023






HAULMASTER'S LIMITED (REGISTERED NUMBER: 02215258)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAULMASTER'S LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P A Archer Sr
Mrs L E Archer
M R Price





REGISTERED OFFICE: Allen End Garage London Road
Middleton
Tamworth
West Midlands
B78 2BP





REGISTERED NUMBER: 02215258 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

HAULMASTER'S LIMITED (REGISTERED NUMBER: 02215258)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,168,817 1,491,773

CURRENT ASSETS
Debtors 5 580,154 575,576
Cash at bank 288,647 1,150,468
868,801 1,726,044
CREDITORS
Amounts falling due within one year 6 156,816 596,152
NET CURRENT ASSETS 711,985 1,129,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,880,802

2,621,665

PROVISIONS FOR LIABILITIES 215,084 158,145
NET ASSETS 2,665,718 2,463,520

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,665,716 2,463,518
2,665,718 2,463,520

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 3 October 2023 and were signed on its behalf by:



P A Archer Sr - Director


HAULMASTER'S LIMITED (REGISTERED NUMBER: 02215258)

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

1. STATUTORY INFORMATION

Haulmaster's 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. 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - at variable rates 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 18 ) .

HAULMASTER'S LIMITED (REGISTERED NUMBER: 02215258)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2022 524,518 661,945 1,054,580 2,241,043
Additions 673,908 269,150 - 943,058
Disposals - (700 ) - (700 )
At 31 March 2023 1,198,426 930,395 1,054,580 3,183,401
DEPRECIATION
At 1 April 2022 - 94,544 654,726 749,270
Charge for year - 165,350 99,964 265,314
At 31 March 2023 - 259,894 754,690 1,014,584
NET BOOK VALUE
At 31 March 2023 1,198,426 670,501 299,890 2,168,817
At 31 March 2022 524,518 567,401 399,854 1,491,773

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 415,736 542,981
Other debtors 131,913 -
Prepayments 32,505 32,595
580,154 575,576

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,377 9,977
Social security and other taxes 121,420 45,631
Other creditors 4,090 518,354
Directors' current accounts - 4,884
Accrued expenses 19,929 17,306
156,816 596,152

7. RELATED PARTY DISCLOSURES

Archer Transport (West Midlands) Limited and Paul Archer Transport Limited are related parties by virtue of the common control of the shareholders.

Included within other debtors is £131,913 (2022 - Creditor £513,944) owed to the company's related party Paul Archer Transport Limited.

During the financial year, the company benefited from an intercompany loan being written off with the company's related party Archer Transport (West Midlands) Limited. This resulted in an exceptional item of £71,300.