Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31102022-04-01falseFreight transport by road10falsetrue 07570311 2022-04-01 2023-03-31 07570311 2021-04-01 2022-03-31 07570311 2023-03-31 07570311 2022-03-31 07570311 2021-04-01 07570311 c:Director1 2022-04-01 2023-03-31 07570311 d:PlantMachinery 2022-04-01 2023-03-31 07570311 d:PlantMachinery 2023-03-31 07570311 d:PlantMachinery 2022-03-31 07570311 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07570311 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 07570311 d:MotorVehicles 2022-04-01 2023-03-31 07570311 d:MotorVehicles 2023-03-31 07570311 d:MotorVehicles 2022-03-31 07570311 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07570311 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 07570311 d:FurnitureFittings 2022-04-01 2023-03-31 07570311 d:FurnitureFittings 2023-03-31 07570311 d:FurnitureFittings 2022-03-31 07570311 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07570311 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 07570311 d:OfficeEquipment 2022-04-01 2023-03-31 07570311 d:OfficeEquipment 2023-03-31 07570311 d:OfficeEquipment 2022-03-31 07570311 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07570311 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 07570311 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07570311 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 07570311 d:CurrentFinancialInstruments 2023-03-31 07570311 d:CurrentFinancialInstruments 2022-03-31 07570311 d:Non-currentFinancialInstruments 2023-03-31 07570311 d:Non-currentFinancialInstruments 2022-03-31 07570311 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07570311 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07570311 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07570311 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 07570311 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 07570311 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 07570311 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 07570311 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 07570311 d:ShareCapital 2023-03-31 07570311 d:ShareCapital 2022-03-31 07570311 d:RetainedEarningsAccumulatedLosses 2023-03-31 07570311 d:RetainedEarningsAccumulatedLosses 2022-03-31 07570311 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07570311 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 07570311 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07570311 c:OrdinaryShareClass1 2023-03-31 07570311 c:OrdinaryShareClass1 2022-03-31 07570311 c:FRS102 2022-04-01 2023-03-31 07570311 c:Audited 2022-04-01 2023-03-31 07570311 c:FullAccounts 2022-04-01 2023-03-31 07570311 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07570311 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07570311 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 07570311 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-03-31 07570311 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 07570311 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 07570311 d:LeasedAssetsHeldAsLessee 2023-03-31 07570311 d:LeasedAssetsHeldAsLessee 2022-03-31 07570311 d:KeyManagementPersonnel 2022-04-01 2023-03-31 07570311 d:KeyManagementPersonnel 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Company Registration Number 07570311























HARE BULK HAULAGE LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 31 MARCH 2023

























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Principal activity

The principal activity of the Company in the year under review was that of a haulage company.


 
HARE BULK HAULAGE LIMITED
REGISTERED NUMBER: 07570311

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
376,389
413,500

  
376,389
413,500

Current assets
  

Debtors: amounts falling due within one year
 5 
2,689,697
2,219,861

Cash at bank and in hand
  
111,561
105,242

  
2,801,258
2,325,103

Creditors: amounts falling due within one year
 6 
(1,906,610)
(1,551,774)

Net current assets
  
 
 
894,648
 
 
773,329

Total assets less current liabilities
  
1,271,037
1,186,829

Creditors: amounts falling due after more than one year
 7 
(92,703)
(268,205)

Provisions for liabilities
  

Deferred tax
 10 
(96,046)
(96,046)

  
 
 
(96,046)
 
 
(96,046)

Net assets
  
1,082,288
822,578


Capital and reserves
  

Called up share capital 
 11 
10
10

Profit and loss account
  
1,082,278
822,568

  
1,082,288
822,578


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M J Ward
Director

Page 1

 
HARE BULK HAULAGE LIMITED
REGISTERED NUMBER: 07570311

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

Date: 22 December 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HARE BULK HAULAGE LIMITED
 

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

1.


General information

Hare Bulk Haulage 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.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

  
2.2

Related party exemption

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
All transactions entered into with companies under common control were concluded under normal market conditions, therefore no further disclosure is necessary in accordance with FRS102 section 1A.

  
2.3

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

  
2.4

Income recognition

Turnover is recognised when the service has been provided to the customer.

  
2.5

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery  -  15% on cost
Fixtures and fittings  -  25% on cost
Motor vehicles   - 25% on cost
Computer equipment  - 25% on cost
Tangible fixed assets are measured at cost less accumulated depreciation and impairment..

Page 3

 
HARE BULK HAULAGE LIMITED
 

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

2.Accounting policies (continued)

  
2.6

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

  
2.7

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.

  
2.8

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 are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

 
2.9

Going concern

Enter text here regarding going concern basis...

 
2.10

Financial instruments

Basic financial instruments are measured at amortised cost with changes recognised in profit and loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).

Page 4

 
HARE BULK HAULAGE LIMITED
 

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

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
662,800
34,167
3,600
9,262
709,829


Additions
57,950
-
-
-
57,950



At 31 March 2023

720,750
34,167
3,600
9,262
767,779



Depreciation


At 1 April 2022
257,814
25,653
3,600
9,262
296,329


Charge for the year on owned assets
8,379
-
-
-
8,379


Charge for the year on financed assets
78,168
8,514
-
-
86,682



At 31 March 2023

344,361
34,167
3,600
9,262
391,390



Net book value



At 31 March 2023
376,389
-
-
-
376,389



At 31 March 2022
404,986
8,514
-
-
413,500

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
296,346
400,181

Motor vehicles
-
8,514

296,346
408,695

Page 5

 
HARE BULK HAULAGE LIMITED
 

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

5.


Debtors

2023
2022
£
£


Trade debtors
220,362
277,534

Amounts owed by group undertakings
2,452,604
1,899,182

Other debtors
16,731
2,332

Prepayments and accrued income
-
40,813

2,689,697
2,219,861


Amounts owed by group undertakings are interest free and repayable on demand.


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans (see note 9)
45,739
33,138

Hire purchase contracts
153,667
187,388

Trade creditors
373,315
406,091

Amounts owed to group undertakings
1,227,899
834,388

Other taxation and social security
81,785
70,237

Other creditors
1,615
547

Accruals and deferred income
22,590
19,985

1,906,610
1,551,774


Amounts owed by group undertakings are interest free and repayable on demand.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans (see note 9)
43,275
101,616

Hire purchase contracts
49,428
166,589

92,703
268,205


Page 6

 
HARE BULK HAULAGE LIMITED
 

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

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans

45,739
33,138

Amounts falling due 1-2 years

Bank loans

43,275
36,645

Amounts falling due 2-5 years

Bank loans

-
64,971


89,014
134,754



9.


Secured debts

The following secured debts are included within creditors:


2023
2022
£
£



Bank loans
89,014
134,754

Hire purchase contracts
203,095
353,977

292,109
488,731

Hire purchase contracts are secured on the assets which they relate.
The bank loans are secured against the assets of the Company.

Page 7

 
HARE BULK HAULAGE LIMITED
 

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

10.


Deferred taxation




2023
2022


£

£






At beginning of year
96,046
58,757


Charged to profit or loss
-
37,289



At end of year
96,046
96,046

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(96,046)
(96,046)

(96,046)
(96,046)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary shares of £1 each
10
10



12.


Contingent liabilities

The Company has an unlimited multilateral guarantee dated 05 April 2018 given by Bulk Logistics Group Ltd, J. & J. Ward Limited, D H Pearson Limited, Hare Bulk Haulage Limited and Horsley Bulk Transport Limited covering all of these companies banking facilities.
On 26 May 2020 a company guarantee given by J. & J. Ward Limited, Hare Bulk Haulage Limited and Horsley Bulk Transport Limited supported by an all assets debenture.
No liability is expected to arise in relation to these guarantees as at the year end the group position was not overdrawn.


13.


Related party transactions

At the reporting date amounts of £15,494 were owed from a Director. The amounts are interest free and repayable on demand.


14.


Controlling party

The Company is a wholly owned subsidiary of Bulk Logistics Group Ltd, a company registered in England and Wales, for which group accounts are prepared. The registered office is The Garage, Patrick Brompton, Bedale, North Yorkshire, DL8 1JP.

Page 8

 
HARE BULK HAULAGE LIMITED
 

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

15.


Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 22 December 2023 by Steven Preston (Senior Statutory Auditor) on behalf of Armstrong Watson Audit Limited.

Page 9