Company registration number SC346340 (Scotland)
B & R Haulage Limited
Unaudited financial statements
for the year ended 31 July 2022
Pages for filing with registrar
B & R Haulage Limited
Balance sheet
as at 31 July 2022
31 July 2022
1
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
2
53,610
66,835
Current assets
Stocks
12,097
12,117
Debtors
23,767
6,652
Cash at bank and in hand
154
1,420
36,018
20,189
Creditors: amounts falling due within one year
(75,221)
(71,115)
Net current liabilities
(39,203)
(50,926)
Total assets less current liabilities
14,407
15,909
Creditors: amounts falling due after more than one year
(99,674)
(117,742)
Net liabilities
(85,267)
(101,833)
Capital and reserves
Called up share capital
99
99
Profit and loss reserves
(85,366)
(101,932)
Total equity
(85,267)
(101,833)

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

B & R Haulage Limited
Balance sheet (continued)
as at 31 July 2022
31 July 2022
2
The financial statements were approved and signed by the director and authorised for issue on 7 November 2023
Blair Forrester
Director
Company Registration No. SC346340
B & R Haulage Limited
Notes to the financial statements
for the year ended 31 July 2022
3
1
Accounting policies
Company information

B & R Haulage Limited is a private company limited by shares incorporated in Scotland. The registered office is 15 Aberdeen Terrace, Tarland, AB34 4UB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The director has approached the company's finance providers and other creditors to explain future trade and plans. In light of these plans and positive discussions the director deems it appropriate to continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Retirement benefits

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

 

B & R Haulage Limited
Notes to the financial statements (continued)
for the year ended 31 July 2022
4
2
Tangible fixed assets
Total
£
Cost
At 1 August 2021 and 31 July 2022
171,164
Depreciation and impairment
At 1 August 2021
104,329
Depreciation charged in the year
13,225
At 31 July 2022
117,554
Carrying amount
At 31 July 2022
53,610
At 31 July 2021
66,835
3
Directors' transactions

During the year the director entered into the following advances and credits with the company:

Description
Opening    credit   balance
Amounts advanced
Amounts repaid
Closing       credit       balance
£
£
£
£
Blair Forrester - Director's loan
2,214
2,141
(3,591)
764
2,214
2,141
(3,591)
764
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