Brigg Haulage Limited 04518684 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is that of haulage contracting. This remains unchanged since last year Digita Accounts Production Advanced 6.30.9574.0 true 04518684 2022-11-01 2023-10-31 04518684 2023-10-31 04518684 bus:OrdinaryShareClass1 2023-10-31 04518684 core:RetainedEarningsAccumulatedLosses 2023-10-31 04518684 core:ShareCapital 2023-10-31 04518684 core:CurrentFinancialInstruments 2023-10-31 04518684 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 04518684 core:FurnitureFittingsToolsEquipment 2023-10-31 04518684 core:LandBuildings 2023-10-31 04518684 core:MotorVehicles 2023-10-31 04518684 bus:SmallEntities 2022-11-01 2023-10-31 04518684 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 04518684 bus:FullAccounts 2022-11-01 2023-10-31 04518684 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04518684 bus:RegisteredOffice 2022-11-01 2023-10-31 04518684 bus:Director2 2022-11-01 2023-10-31 04518684 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 04518684 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04518684 core:FurnitureFittings 2022-11-01 2023-10-31 04518684 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 04518684 core:LandBuildings 2022-11-01 2023-10-31 04518684 core:MotorVehicles 2022-11-01 2023-10-31 04518684 core:VehiclesPlantMachinery 2022-11-01 2023-10-31 04518684 countries:England 2022-11-01 2023-10-31 04518684 2022-10-31 04518684 core:FurnitureFittingsToolsEquipment 2022-10-31 04518684 core:LandBuildings 2022-10-31 04518684 core:MotorVehicles 2022-10-31 04518684 2021-11-01 2022-10-31 04518684 2022-10-31 04518684 bus:OrdinaryShareClass1 2022-10-31 04518684 core:RetainedEarningsAccumulatedLosses 2022-10-31 04518684 core:ShareCapital 2022-10-31 04518684 core:CurrentFinancialInstruments 2022-10-31 04518684 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 04518684 core:FurnitureFittingsToolsEquipment 2022-10-31 04518684 core:LandBuildings 2022-10-31 04518684 core:MotorVehicles 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04518684

Brigg Haulage Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Brigg Haulage Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Brigg Haulage Limited

(Registration number: 04518684)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

579,961

430,282

Current assets

 

Stocks

14,112

6,042

Debtors

5

1,331,654

1,342,790

Cash at bank and in hand

 

1,615,710

1,341,222

 

2,961,476

2,690,054

Creditors: Amounts falling due within one year

6

(764,189)

(319,200)

Net current assets

 

2,197,287

2,370,854

Total assets less current liabilities

 

2,777,248

2,801,136

Provisions for liabilities

(105,575)

(76,967)

Net assets

 

2,671,673

2,724,169

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

2,671,671

2,724,167

Shareholders' funds

 

2,671,673

2,724,169

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Brigg Haulage Limited

(Registration number: 04518684)
Balance Sheet as at 31 October 2023

Approved and authorised by the Board on 3 April 2024 and signed on its behalf by:
 


Mr M C Watson
Director

   
 

Brigg Haulage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
10 Redcombe Lane
Brigg
North Lincolnshire
DN20 8AU

Registration number: 04518684

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Brigg Haulage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Fixtures and fittings

15% reducing balance

Motor vehicles

25% reducing balance

Freehold property

over 30 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and net realisable value, after regards for obsolete and slow moving items.

 

Brigg Haulage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 9 (2022 - 10).

 

Brigg Haulage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Land and buildings
£

Fixtures and fittings
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

27,517

44,482

1,355,321

1,427,320

Additions

-

938

249,768

250,706

At 31 October 2023

27,517

45,420

1,605,089

1,678,026

Depreciation

At 1 November 2022

2,325

33,847

960,866

997,038

Charge for the year

887

1,603

98,537

101,027

At 31 October 2023

3,212

35,450

1,059,403

1,098,065

Carrying amount

At 31 October 2023

24,305

9,970

545,686

579,961

At 31 October 2022

25,192

10,635

394,455

430,282

Included within the net book value of land and buildings above is £24,305 (2022 - £25,192) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Trade debtors

160,293

194,264

Prepayments

49,934

42,306

Other debtors

1,121,427

1,106,220

 

1,331,654

1,342,790

 

Brigg Haulage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Trade payables

 

337,596

15,716

Amounts due to related parties

329,919

155,827

Social security and other taxes

 

94,934

142,240

Other payables

 

1,740

5,417

 

764,189

319,200

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2