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Registered Number: 06595913
England & Northern Ireland

 

 

 

HERBIE'S HAULAGE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023
Directors Darren Herbert
Nicky Herbert
Registered Number 06595913
Registered Office 231 Bedford Road
Rushden
Northants
NN10 0SQ
Accountants Denton Tavara Limited
61a High Street South
Rushden
NN10 0RA
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 May 2023.
Principal activities
Principal activity of the company during the financial year was of hauliers.
Directors
The directors who served the company throughout the year were as follows:
Darren Herbert
Nicky Herbert
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Darren Herbert
Director

Date approved: 13 February 2024
2
Accountants report
You consider that the company is exempt from an audit for the year ended 31 May 2023 . You have acknowledged, on the Statement of Financial Position , your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................
Denton Tavara Limited
61a High Street South
Rushden
NN10 0RA
13 February 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 735,014    657,215 
735,014    657,215 
Current assets      
Debtors 4 178,576    208,327 
Cash at bank and in hand 27,078    17,998 
205,654    226,325 
Creditors: amount falling due within one year 5 (508,835)   (369,776)
Net current liabilities (303,181)   (143,451)
 
Total assets less current liabilities 431,833    513,764 
Creditors: amount falling due after more than one year 6 (681,481)   (699,884)
Net liabilities (249,648)   (186,120)
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account (249,650)   (186,122)
Shareholder's funds (249,648)   (186,120)
 


For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 13 February 2024 and were signed on its behalf by:


-------------------------------
Darren Herbert
Director
4
General Information
Herbie's Haulage Limited is a private company, limited by shares, registered in England & Northern Ireland, registration number 06595913, registration address 231 Bedford Road, Rushden, Northants, NN10 0SQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
Motor Vehicles 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 10 (2022 : 12).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 June 2022 88,902    1,453,381    4,004    1,546,287 
Additions 2,500    224,150      226,650 
Disposals (6,500)   (10,749)     (17,249)
At 31 May 2023 84,902    1,666,782    4,004    1,755,688 
Depreciation
At 01 June 2022 35,331    852,788    953    889,072 
Charge for year 6,244    129,076    320    135,640 
On disposals (813)   (3,225)     (4,038)
At 31 May 2023 40,762    978,639    1,273    1,020,674 
Net book values
Closing balance as at 31 May 2023 44,140    688,143    2,731    735,014 
Opening balance as at 01 June 2022 53,571    600,593    3,051    657,215 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 174,386    208,327 
Other Debtors 4,190   
178,576    208,327 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 17,107    23,202 
Bank Loans & Overdrafts 76,376    76,366 
PAYE & Social Security 8,354    10,645 
Accruals 7,382    (6,674)
Other Creditors 84,278    13,350 
Hire Purchase / Financial Leases 206,268    151,502 
Directors' Current Accounts 4,617    1,382 
VAT 104,453    100,003 
508,835    369,776 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans and Overdrafts 133,658    210,045 
Hire Purchase / Financial Leases 521,066    489,839 
Directors' Loan Accounts 26,757   
681,481    699,884 

5