Registered number
SC724730
Bullseyehaulage Limited
Filleted Accounts
31 March 2023
Bullseyehaulage Limited
Registered number: SC724730
Balance Sheet
as at 31 March 2023
Notes 2023
£
Fixed assets
Tangible assets 3 35,072
Current assets
Cash at bank and in hand 320,143
Creditors: amounts falling due within one year 4 (196,556)
Net current assets 123,587
Net assets 158,659
Capital and reserves
Called up share capital 1
Profit and loss account 158,658
Shareholder's funds 158,659
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Parmjit Singh
Director
Approved by the board on 15 February 2024
Bullseyehaulage Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
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:
Motor Vehicle 20% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 35,667
At 31 March 2023 35,667
Depreciation
Charge for the year 595
At 31 March 2023 595
Net book value
At 31 March 2023 35,072
4 Creditors: amounts falling due within one year 2023
£
Accrued Expenses 1,600
Taxation and social security costs 95,678
Other creditors 99,278
196,556
5 Controlling party
The director, Parmjit Singh held 100% beneficial interest in the share capital of the company.
6 Other information
Bullseyehaulage Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Yard 8
The Camps Industrial Estate
Kirknewton
EH27 8DN
Bullseyehaulage Limited SC724730 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 release 2 Parmjit Singh No description of principal activity SC724730 2022-04-01 2023-03-31 SC724730 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC724730 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC724730 bus:Director40 2022-04-01 2023-03-31 SC724730 2 2022-04-01 2023-03-31 SC724730 countries:England 2022-04-01 2023-03-31 SC724730 bus:FRS102 2022-04-01 2023-03-31 SC724730 bus:FullAccounts 2022-04-01 2023-03-31 SC724730 2023-03-31 SC724730 core:WithinOneYear 2023-03-31 SC724730 core:ShareCapital 2023-03-31 SC724730 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC724730 2022-03-31 iso4217:GBP xbrli:pure