IRIS Accounts Production v24.1.0.578 01826745 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018267452022-12-31018267452023-12-31018267452023-01-012023-12-31018267452021-12-31018267452022-01-012022-12-31018267452022-12-3101826745ns15:EnglandWales2023-01-012023-12-3101826745ns14:PoundSterling2023-01-012023-12-3101826745ns10:Director12023-01-012023-12-3101826745ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101826745ns10:SmallEntities2023-01-012023-12-3101826745ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101826745ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101826745ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101826745ns10:FullAccounts2023-01-012023-12-3101826745ns10:CompanySecretary12023-01-012023-12-3101826745ns10:RegisteredOffice2023-01-012023-12-3101826745ns5:CurrentFinancialInstruments2023-12-3101826745ns5:CurrentFinancialInstruments2022-12-3101826745ns5:Non-currentFinancialInstruments2023-12-3101826745ns5:Non-currentFinancialInstruments2022-12-3101826745ns5:ShareCapital2023-12-3101826745ns5:ShareCapital2022-12-3101826745ns5:RetainedEarningsAccumulatedLosses2023-12-3101826745ns5:RetainedEarningsAccumulatedLosses2022-12-3101826745ns5:PlantMachinery2023-01-012023-12-3101826745ns5:MotorVehicles2023-01-012023-12-3101826745ns5:ComputerEquipment2023-01-012023-12-3101826745ns5:PlantMachinery2022-12-3101826745ns5:MotorVehicles2022-12-3101826745ns5:ComputerEquipment2022-12-3101826745ns5:PlantMachinery2023-12-3101826745ns5:MotorVehicles2023-12-3101826745ns5:ComputerEquipment2023-12-3101826745ns5:PlantMachinery2022-12-3101826745ns5:MotorVehicles2022-12-3101826745ns5:ComputerEquipment2022-12-3101826745ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101826745ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3101826745ns5:WithinOneYear2023-12-3101826745ns5:WithinOneYear2022-12-3101826745ns5:BetweenOneFiveYears2023-12-3101826745ns5:BetweenOneFiveYears2022-12-3101826745ns5:AllPeriods2023-12-3101826745ns5:AllPeriods2022-12-31
REGISTERED NUMBER: 01826745 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CSM HAULAGE CONTRACTORS LIMITED

CSM HAULAGE CONTRACTORS LIMITED (REGISTERED NUMBER: 01826745)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CSM HAULAGE CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr N P Morton



SECRETARY: Mrs N A Morton



REGISTERED OFFICE: 609 London Road
Grays
Essex
RM20 3BJ



REGISTERED NUMBER: 01826745 (England and Wales)



ACCOUNTANTS: THP Limited
Chartered Accountants
Waterhouse Business Centre
Unit 53
2 Cromar Way
Chelmsford
Essex
CM1 2QE



BANKERS: Barclays Bank Plc
High Street
Chelmsford
Essex
CM1 1BG

CSM HAULAGE CONTRACTORS LIMITED (REGISTERED NUMBER: 01826745)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 669,222 183,763

CURRENT ASSETS
Stocks 16,940 16,839
Debtors 5 705,073 693,727
Cash at bank 1,145,806 628,649
1,867,819 1,339,215
CREDITORS
Amounts falling due within one year 6 726,428 239,876
NET CURRENT ASSETS 1,141,391 1,099,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,810,613

1,283,102

CREDITORS
Amounts falling due after more than one year 7 (102,768 ) (119,896 )

PROVISIONS FOR LIABILITIES (162,984 ) (40,670 )
NET ASSETS 1,544,861 1,122,536

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,534,861 1,112,536
SHAREHOLDERS' FUNDS 1,544,861 1,122,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 16 April 2024 and were signed by:





Mr N P Morton - Director


CSM HAULAGE CONTRACTORS LIMITED (REGISTERED NUMBER: 01826745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Csm Haulage Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the directors are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods and services supplied, net of returns, discounts and value added taxes, and adjusted for accrued income.

Revenue is recognised based on the service delivery date of when goods and services are delivered to the customer, such that the risks and rewards of ownership have passed to them.

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 - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks and work in progress
Stock and work in progress are valued at the lower of cost and selling price, after making due allowance for obsolete and slow moving items. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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.


CSM HAULAGE CONTRACTORS LIMITED (REGISTERED NUMBER: 01826745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts and finance leases are depreciated over their estimated useful lives

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Current asset investments
Investments in subsidiary, associates and jointly controlled entities are included at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 414,320 98,852 953 514,125
Additions 535,551 - - 535,551
Disposals (15,049 ) - (953 ) (16,002 )
At 31 December 2023 934,822 98,852 - 1,033,674
DEPRECIATION
At 1 January 2023 308,948 20,594 820 330,362
Charge for year 22,253 24,713 - 46,966
Eliminated on disposal (12,056 ) - (820 ) (12,876 )
At 31 December 2023 319,145 45,307 - 364,452
NET BOOK VALUE
At 31 December 2023 615,677 53,545 - 669,222
At 31 December 2022 105,372 78,258 133 183,763

CSM HAULAGE CONTRACTORS LIMITED (REGISTERED NUMBER: 01826745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 530,830 569,757
Amount due from related company 25,200 25,829
Corporation tax recoverable - 1,506
VAT 53,899 -
Prepayments and accrued income 95,144 96,635
705,073 693,727

Included in trade debtors are amounts totalling £489,925 (2022: £530,534) which are subject to factoring terms. No advances were received against these debtors at the year end date (2022: £nil).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 671,555 119,617
Corporation tax 17,051 28,594
Social security and other taxes 24,952 24,160
VAT - 50,821
Other creditors 264 204
Amount due to related company - 4,604
Directors' current accounts 1,776 1,696
Accrued expenses 10,830 10,180
726,428 239,876

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Social security and other taxes 102,768 119,896

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 728,266 490,686
Between one and five years 655,638 387,206
1,383,904 877,892

During the year the company received a lease surrender payment of £338,000 from CSM Haulage Contractors Ltd RBS due to an early termination of a rental lease agreement. This was subject to capital gains tax.

9. CONTINGENT LIABILITIES

CSM Haulage Contractors Limited lease the office, warehouse and yard at 609 London Road, West Thurrock, Grays for which CSM Storage & Archives Limited, a related party, has agreed to cross guarantee the sub-lease of this property.

CSM HAULAGE CONTRACTORS LIMITED (REGISTERED NUMBER: 01826745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. RELATED PARTY DISCLOSURES

CSM Storage & Archives Limited
During the year CSM Haulage Contractors Limited received a loan from CSM Storage & Archives Limited, a company in which Mr C S Morton and Mr N P Morton are directors, totalling £nil (2022: £4,604) on an interest free basis. The amount is repayable on demand.

During the year CSM Haulage Contractors Limited loaned CSM Storage & Archives Limited, a company in which Mr C S Morton and Mr N P Morton are directors, totalling £25,200 (2022: £nil) on an interest free basis. The amount is repayable on demand.

CSM Haulage Contractors Limited loaned CSM Haulage contractors ltd RBS, a trust in which Mr C S Morton and Mr N P Morton are trustees, totalling £nil (2022: £25,829 creditor) on an interest free basis. The amount is repayable on demand.