Registration number:
Semmens Haulage Limited
for the Period from 12 July 2022 to 31 July 2023
Semmens Haulage Limited
Contents
Company Information |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Semmens Haulage Limited
Company Information
Directors |
Mr NT Semmens Mr J Semmens |
Registered office |
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Accountants |
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Semmens Haulage Limited
Profit and Loss Account for the Period from 12 July 2022 to 31 July 2023
Note |
2023 |
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Turnover |
- |
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Gross profit/(loss) |
- |
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Administrative expenses |
( |
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Operating loss |
(60,504) |
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Other interest receivable and similar income |
|
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Loss before tax |
( |
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Loss for the financial period |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
Semmens Haulage Limited
(Registration number: 14228080)
Balance Sheet as at 31 July 2023
Note |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
100 |
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Retained earnings |
(60,500) |
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Shareholders' deficit |
(60,400) |
For the financial period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
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.
Semmens Haulage Limited
(Registration number: 14228080)
Balance Sheet as at 31 July 2023
Approved and authorised by the
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Semmens Haulage Limited
Notes to the Unaudited Financial Statements for the Period from 12 July 2022 to
31 July 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
Going concern
The financial statements have been prepared on a going concern basis.
Tax
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:
Semmens Haulage Limited
Notes to the Unaudited Financial Statements for the Period from 12 July 2022 to
31 July 2023
Asset class |
Depreciation method and rate |
Plant and machinery |
25% reducing balance |
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.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Semmens Haulage Limited
Notes to the Unaudited Financial Statements for the Period from 12 July 2022 to
31 July 2023
Tangible assets |
Other tangible assets |
Total |
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Cost or valuation |
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Additions |
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At 31 July 2023 |
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Depreciation |
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Charge for the period |
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At 31 July 2023 |
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Carrying amount |
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At 31 July 2023 |
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Debtors |
Current |
2023 |
Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2023 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Semmens Haulage Limited
Notes to the Unaudited Financial Statements for the Period from 12 July 2022 to
31 July 2023
Share capital |
Allotted, called up and fully paid shares
2023 |
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No. |
£ |
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100 |
Related party transactions |
Transactions with directors |
2023 |
At 12 July 2022 |
Advances to director |
Repayments by director |
At 31 July 2023 |
Mr NT Semmens |
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Interest free loan from Director, payable on demand |
- |
( |
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