Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3172022-04-017false49410 - Freight transport by roadfalsetrue 10548006 2022-04-01 2023-03-31 10548006 2021-04-01 2022-03-31 10548006 2023-03-31 10548006 2022-03-31 10548006 c:Director1 2022-04-01 2023-03-31 10548006 d:PlantMachinery 2023-03-31 10548006 d:PlantMachinery 2022-03-31 10548006 d:Goodwill 2023-03-31 10548006 d:Goodwill 2022-03-31 10548006 d:CurrentFinancialInstruments 2023-03-31 10548006 d:CurrentFinancialInstruments 2022-03-31 10548006 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10548006 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10548006 d:ShareCapital 2023-03-31 10548006 d:ShareCapital 2022-03-31 10548006 d:RetainedEarningsAccumulatedLosses 2023-03-31 10548006 d:RetainedEarningsAccumulatedLosses 2022-03-31 10548006 c:OrdinaryShareClass1 2022-04-01 2023-03-31 10548006 c:OrdinaryShareClass1 2023-03-31 10548006 c:OrdinaryShareClass1 2022-03-31 10548006 c:FRS102 2022-04-01 2023-03-31 10548006 c:Audited 2022-04-01 2023-03-31 10548006 c:FullAccounts 2022-04-01 2023-03-31 10548006 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10548006 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10548006 d:EntityControlledByKeyManagementPersonnel1 2022-04-01 2023-03-31 10548006 d:EntityControlledByKeyManagementPersonnel1 d:OtherTransactionType1 2022-04-01 2023-03-31 10548006 d:EntityControlledByKeyManagementPersonnel1 d:OtherTransactionType1 2021-04-01 2022-03-31 10548006 d:EntityControlledByKeyManagementPersonnel1 2023-03-31 10548006 d:EntityControlledByKeyManagementPersonnel1 2022-03-31 10548006 d:EntityControlledByKeyManagementPersonnel1 d:OtherTransactionType2 2022-04-01 2023-03-31 10548006 d:EntityControlledByKeyManagementPersonnel1 d:OtherTransactionType2 2021-04-01 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Company Registration Number 10548006























HORSLEY BULK TRANSPORT LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 31 MARCH 2023

























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HORSLEY BULK TRANSPORT LIMITED
REGISTERED NUMBER: 10548006

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Intangible assets
 4 
-
-

Tangible assets
 5 
-
-

  
-
-

Current assets
  

Debtors: amounts falling due within one year
 6 
1,474,334
1,116,336

Cash at bank and in hand
  
277,629
155,476

  
1,751,963
1,271,812

Creditors: amounts falling due within one year
 7 
(1,184,870)
(1,049,102)

Net current assets
  
 
 
567,093
 
 
222,710

Total assets less current liabilities
  
567,093
222,710

  

Net assets
  
567,093
222,710


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
567,091
222,708

  
567,093
222,710


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

Date: 22 December 2023

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
HORSLEY BULK TRANSPORT LIMITED
 

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

1.


General information

Horsley Bulk Transport Limited is a private company, limited by shares, registered in England an 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
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 been consistently applied within the same accounts.

  
2.2

Going concern

The directors have assessed the ongoing performance of the business and considered forecasts beyond 12 months from the date of these financial statements. The directors conclude that the business can continue to pay its liabilities as they fall due, and as such the accounts have been prepared on a going concern basis. 

  
2.3

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.

  
2.4

Turnover

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

  
2.5

Income recognition

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

  
2.6

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2017, has been amortised evenly over its useful life of five years.

  
2.7

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   -  25% on cost
Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Page 2

 
HORSLEY BULK TRANSPORT LIMITED
 

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

2.Accounting policies (continued)

  
2.8

Government grants

Revenue based grants are credited to the profit and loss in the period in which they relate.

 
2.9

Financial instruments

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

Page 3

 
HORSLEY BULK TRANSPORT LIMITED
 

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

2.Accounting policies (continued)

  
2.10

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.

  

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 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.


3.


Employees

The average number of employees during the year was 7 (2022 - 7).

Page 4

 
HORSLEY BULK TRANSPORT LIMITED
 

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

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
195,002



At 31 March 2023

195,002



Amortisation


At 1 April 2022
195,002



At 31 March 2023

195,002



Net book value



At 31 March 2023
-



At 31 March 2022
-




5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2022
13,003



At 31 March 2023

13,003



Depreciation


At 1 April 2022
13,003



At 31 March 2023

13,003



Net book value



At 31 March 2023
-



At 31 March 2022
-

Page 5

 
HORSLEY BULK TRANSPORT LIMITED
 

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

6.


Debtors

2023
2022
£
£


Trade debtors
483,054
370,814

Amounts owed by group undertakings
991,280
732,484

Other debtors
-
2,091

Prepayments and accrued income
-
10,947

1,474,334
1,116,336


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


7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
494,738
288,688

Amounts owed to group undertakings
565,525
640,593

Corporation tax
36,795
4,464

Other taxation and social security
67,651
77,704

Other creditors
11,661
12,091

Accruals and deferred income
8,500
25,562

1,184,870
1,049,102


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


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



9.


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 was 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.

Page 6

 
HORSLEY BULK TRANSPORT LIMITED
 

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

10.


Related party transactions

During the period the Company incurred expenditure of £192,820 (2022: £142,544) from a company under common control. At the reporting date amounts of £149,277 (2022: £33,467) were due to this related party. Revenue of £98,581 (2022: £47,434) was incurred during the period with this related party. At the reporting date amounts of £43,992 (2022: £28,423) were due from this related party.


11.


Ultimate parent company

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.


12.


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 7