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REGISTERED NUMBER: 02621325 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Kenneth Howley Transport Limited

Kenneth Howley Transport Limited (Registered number: 02621325)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kenneth Howley Transport Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr A P Daw
Mrs G Daw





REGISTERED OFFICE: Green Lane
Castleford
West Yorkshire.
WF10 2RY





REGISTERED NUMBER: 02621325 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Kenneth Howley Transport Limited (Registered number: 02621325)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 668,331 676,040
Investments 5 100 100
668,431 676,140

CURRENT ASSETS
Stocks 6 24,970 29,691
Debtors 7 2,746,134 2,535,091
Cash at bank 97,943 106,338
2,869,047 2,671,120
CREDITORS
Amounts falling due within one year 8 1,174,140 1,218,702
NET CURRENT ASSETS 1,694,907 1,452,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,363,338

2,128,558

CREDITORS
Amounts falling due after more than one
year

9

(197,593

)

(224,768

)

PROVISIONS FOR LIABILITIES (164,926 ) (122,998 )
NET ASSETS 2,000,819 1,780,792

CAPITAL AND RESERVES
Called up share capital 18,750 18,750
Capital redemption reserve 6,250 6,250
Retained earnings 1,975,819 1,755,792
SHAREHOLDERS' FUNDS 2,000,819 1,780,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Kenneth Howley Transport Limited (Registered number: 02621325)

Balance Sheet - continued
30 June 2023


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 22 December 2023 and were signed on its behalf by:





Mr A P Daw - Director


Kenneth Howley Transport Limited (Registered number: 02621325)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Kenneth Howley Transport 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.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Kenneth Howley Transport Limited (Registered number: 02621325)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2022 - 65 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 July 2022 142,712 54,540 1,077,901 1,275,153
Additions 53,000 6,136 241,200 300,336
Disposals - - (186,764 ) (186,764 )
At 30 June 2023 195,712 60,676 1,132,337 1,388,725
DEPRECIATION
At 1 July 2022 77,116 48,162 473,835 599,113
Charge for year 47,527 2,848 215,569 265,944
Eliminated on disposal - - (144,663 ) (144,663 )
At 30 June 2023 124,643 51,010 544,741 720,394
NET BOOK VALUE
At 30 June 2023 71,069 9,666 587,596 668,331
At 30 June 2022 65,596 6,378 604,066 676,040

Included within motor vehicles are assets held on hire purchase. The NBV of these assets are £233,913 (2022 - £225,301). Depreciation charge for the year is £82,887 (2022 - £33,219).

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 July 2022
and 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100
At 30 June 2022 100

6. STOCKS
30.6.23 30.6.22
£ £
Stocks 24,970 29,691

Kenneth Howley Transport Limited (Registered number: 02621325)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Trade debtors 757,700 888,515
Amounts owed by associates 1,892,971 1,550,009
Other debtors 53,388 55,255
Directors' loan accounts 8,186 10,516
Prepayments 33,889 30,796
2,746,134 2,535,091

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Bank loans and overdrafts (see note 10) 10,000 119,467
Hire purchase contracts 151,257 133,641
Trade creditors 197,420 231,584
Factoring account 540,579 431,295
Social security and other tax 46,322 53,019
Pension liability 9,070 9,138
VAT 138,153 150,666
Other creditors 44,747 43,182
Wages control 25,889 26,732
Accrued expenses 10,703 19,978
1,174,140 1,218,702

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£ £
Bank loans (see note 10) 20,747 30,460
Hire purchase contracts 176,846 194,308
197,593 224,768

10. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£ £
Amounts falling due within one year or on demand:
Bank overdrafts - 109,467
Bank loans 10,000 10,000
10,000 119,467

Amounts falling due between one and two years:
Bank loans - 1-2 years 20,747 30,460

Kenneth Howley Transport Limited (Registered number: 02621325)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£ £
Bank overdraft - 109,467
Bank loans 30,747 40,460
Hire purchase contracts 328,103 327,949
358,850 477,876

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.2330.6.22
££
Director 1
Balance outstanding at start of year10,5168,476
Amounts advanced8,22010,540
Amounts repaid(10,550)(8,500)
Balance outstanding at end of year8,18610,516