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REGISTERED NUMBER: 08622165 (England and Wales)















REVOLUTION BULK HAULAGE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






REVOLUTION BULK HAULAGE LTD (REGISTERED NUMBER: 08622165)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


REVOLUTION BULK HAULAGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: M G Limb
W J G Peck



REGISTERED OFFICE: The Haulage Yard
Beechings Way
Alford
Lincolnshire
LN13 9JE



REGISTERED NUMBER: 08622165 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT



BANKERS: Clydesdale Bank
8 Guildhall Street
Lincoln
Lincolnshire
LN1 1TT

REVOLUTION BULK HAULAGE LTD (REGISTERED NUMBER: 08622165)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,238,000 3,238,000
Investment property 5 483,385 516,408
3,721,385 3,754,408

CURRENT ASSETS
Debtors 6 14,422 16,555
Cash at bank 19,863 82,249
34,285 98,804
CREDITORS
Amounts falling due within one year 7 2,673,397 2,675,727
NET CURRENT LIABILITIES (2,639,112 ) (2,576,923 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,082,273 1,177,485

CREDITORS
Amounts falling due after more than one year 8 171,307 213,197
NET ASSETS 910,966 964,288

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 910,866 964,188
SHAREHOLDERS' FUNDS 910,966 964,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

REVOLUTION BULK HAULAGE LTD (REGISTERED NUMBER: 08622165)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:




W J G Peck - Director



M G Limb - Director


REVOLUTION BULK HAULAGE LTD (REGISTERED NUMBER: 08622165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Revolution Bulk Haulage Ltd 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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Depreciation is provided at the following annual rate in order to write off the cost less estimated residual
value over its estimated useful life or, if held under a finance lease, over the lease term,
whichever is the shorter.

Investment property - 10% on cost, land not depreciated

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.


REVOLUTION BULK HAULAGE LTD (REGISTERED NUMBER: 08622165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 3,238,000
NET BOOK VALUE
At 30 September 2023 3,238,000
At 30 September 2022 3,238,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 563,069
DEPRECIATION
At 1 October 2022 46,661
Charge for year 33,023
At 30 September 2023 79,684
NET BOOK VALUE
At 30 September 2023 483,385
At 30 September 2022 516,408

REVOLUTION BULK HAULAGE LTD (REGISTERED NUMBER: 08622165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. INVESTMENT PROPERTY - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 187,955
DEPRECIATION
At 1 October 2022 26,627
Charge for year 18,795
At 30 September 2023 45,422
NET BOOK VALUE
At 30 September 2023 142,533
At 30 September 2022 161,328

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,733 7,460
Other debtors 7,689 9,095
14,422 16,555

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 9,225 8,736
Trade creditors 3,727 4,091
Amounts owed to group undertakings 2,623,306 2,626,538
Taxation and social security 1,892 2,232
Other creditors 35,247 34,130
2,673,397 2,675,727

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 82,334 90,398
Other creditors 88,973 122,799
171,307 213,197

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 37,278 -

REVOLUTION BULK HAULAGE LTD (REGISTERED NUMBER: 08622165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 91,559 99,134

Revolution Bulk Haulage Limited ("Revolution") has given a fixed and floating charge debenture to its bank as security for all present and future obligations and liabilities (including without limitation all sums of principal, interest and expenses) whether actual or contingent and whether owed solely or jointly and whether as principal debtor, guarantor, cautioner, surety, indemnifier or otherwise (or the equivalent in any other relevant jurisdiction).

Revolution has given an unlimited cross guarantee in favour of Alford Traffic Limited ("Alford Traffic") for the debts that were taken on by Alford Traffic to fund the acquisition of the company's shares by Revolution.

The hire purchase balance is secured on the asset.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY TRANSACTIONS

The company has received an interest free loan totalling £2,623,306 (2022: £2,626,538) from its subsidiary company; Alford Traffic Ltd.