2022-06-012023-05-312023-05-31false11910370HTD TRANSPORT 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HTD TRANSPORT LTD

Registered Number
11910370
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

HTD TRANSPORT LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

DENT, Henry Thomas

Registered Address

3 Clifton Hill Gardens
Clifton
Penrith
CA10 2FE

Registered Number

11910370 (England and Wales)
HTD TRANSPORT LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6405,003490,992
405,003490,992
Current assets
Stocks777,63375,000
Debtors8152,32560,662
Cash at bank and on hand24,12718,930
254,085154,592
Creditors amounts falling due within one year9(286,923)(177,817)
Net current assets (liabilities)(32,838)(23,225)
Total assets less current liabilities372,165467,767
Creditors amounts falling due after one year10(437,672)(527,073)
Provisions for liabilities12-(635)
Net assets(65,507)(59,941)
Capital and reserves
Called up share capital100100
Profit and loss account(65,607)(60,041)
Shareholders' funds(65,507)(59,941)
The financial statements were approved and authorised for issue by the Director on 16 February 2024, and are signed on its behalf by:
DENT, Henry Thomas
Director
Registered Company No. 11910370
HTD TRANSPORT LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Principal activities
The principal business activity of the business within the period was that of Forestry Services.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard)
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-5
Plant and machinery20-
Vehicles20-
Office Equipment15-
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year45
6.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 June 22-543,29144,4951,918589,704
Additions15,000-2,995-17,995
At 31 May 2315,000543,29147,4901,918607,699
Depreciation and impairment
At 01 June 22-87,93610,12665098,712
Charge for year5,25091,0717,473190103,984
At 31 May 235,250179,00717,599840202,696
Net book value
At 31 May 239,750364,28429,8911,078405,003
At 31 May 22-455,35534,3691,268490,992
Included in the above figures for Plant and Machinery are fixed assets held under Hire Purchase contracts, with a total net book value of £128,000 (2022 - £160,000)
7.Stocks

2023

2022

££
Work in progress77,63375,000
Total77,63375,000
8.Debtors

2023

2022

££
Trade debtors / trade receivables148,64956,158
Other debtors850-
Prepayments and accrued income2,8264,504
Total152,32560,662
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables84,15635,788
Bank borrowings and overdrafts10,00011,019
Taxation and social security79,71921,133
Finance lease and HP contracts95,695104,507
Other creditors16,6485,370
Accrued liabilities and deferred income705-
Total286,923177,817
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts20,00029,047
Other creditors417,672498,026
Total437,672527,073
11.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts286,852376,640
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)-635
Total-635