DEERPARK HAULAGE LTD

Company Registration Number:
NI616891 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

DEERPARK HAULAGE LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Additional notes
Balance sheet notes

DEERPARK HAULAGE LTD

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 18,525 16,362
Cash at bank and in hand: 23,386 20,576
Investments:   0 0
Total current assets: 41,911 36,938
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 18,985 ) ( 17,651 )
Net current assets (liabilities): 22,926 19,287
Total assets less current liabilities: 22,926 19,287
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 22,926 19,287
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 22,826 19,187
Total Shareholders' funds: 22,926 19,287

The notes form part of these financial statements

DEERPARK HAULAGE LTD

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 March 2024
and signed on behalf of the board by:

Name: Joseph Dolan
Status: Director

The notes form part of these financial statements

DEERPARK HAULAGE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration receivable net of VAT and discounts. The policy adopted for the recognition of turnover is as followsRendering of servicesWhen the outcome of a transaction can be estimated reliably, turnover from bulk fuel haulage is recognised by reference to the stage of completion at the Balance Sheet date. The stage of completion is measured by reference to deliveries completed.Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

    Tangible fixed assets depreciation policy

    Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:Motor vehicles - 25% straight lineThe carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

    Other accounting policies

    Basis of preparationThe financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.Loans and borrowingsLoans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.Trade and other debtorsTrade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts. Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.Employee benefitsWhen employees have rendered service to the company, short-term employess beneits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.TaxationThe charge for taxation is based on the results for the year and takes into account taxation deferred because of timing difference between the treatment of certain items for taxation and accounting purposes.Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date. Provision is made at the rates expected to apply when the timing differences reverse. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in taxable profits different from those in which they are recognised in the financial statements.Foreign currenciesMonetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Statement of Income and Retained Earnings.

DEERPARK HAULAGE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

DEERPARK HAULAGE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Debtors

2023 2022
£ £
Trade debtors 12,288 10,342
Prepayments and accrued income 0 0
Other debtors 6,237 6,020
Total 18,525 16,362
Debtors due after more than one year: 0 0

DEERPARK HAULAGE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 11,317 10,189
Taxation and social security 6,094 2,696
Accruals and deferred income 1,574 1,500
Other creditors 3,266
Total 18,985 17,651