S.J.F. Haulage Limited
Registered number: 04680699
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 62,064 59,997
Current assets
Debtors 4 87,856 67,792
Cash at bank and in hand 84,925 121,756
172,781 189,548
Creditors: amounts falling due within one year 5 (40,591) (47,587)
Net current assets 132,190 141,961
Total assets less current liabilities 194,254 201,958
Creditors: amounts falling due after more than one year 6 (19,655) (28,774)
Net assets 174,599 173,184
Capital and reserves
Called up share capital 2 2
Profit and loss account 174,597 173,182
Shareholders' funds 174,599 173,184
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen Flear
Director
Approved by the board on 25 October 2023
S.J.F. Haulage Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment,Fixtures & Fittings 25% reducing balance
Plant and machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 28,991 201,743 230,734
Additions 1,186 24,170 25,356
At 28 February 2023 30,177 225,913 256,090
Depreciation
At 1 March 2022 22,061 148,676 170,737
Charge for the year 3,980 19,309 23,289
At 28 February 2023 26,041 167,985 194,026
Net book value
At 28 February 2023 4,136 57,928 62,064
At 28 February 2022 6,930 53,067 59,997
4 Debtors 2023 2022
£ £
Trade debtors 70,154 51,986
Other debtors 17,702 15,806
87,856 67,792
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 11,209 11,400
Taxation and social security costs 26,680 33,485
Other creditors 2,702 2,702
40,591 47,587
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,655 28,774
7 Controlling party
During the year, the company was wholly under the control of the directors.
8 Other information
S.J.F. Haulage Limited is a private company limited by shares and incorporated in England. Its registered office is:
45 Sheaf Street
Daventry
Northamptonshire
England
NN11 4AA
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