2 false false false false false false false false false true false false false false false false 2022-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 263,202 69,104 38,820 107,924 155,278 194,098 xbrli:pure xbrli:shares iso4217:GBP NI669100 2022-07-01 2023-06-30 NI669100 2023-06-30 NI669100 2022-06-30 NI669100 2021-07-01 2022-06-30 NI669100 2022-06-30 NI669100 core:PlantMachinery 2022-07-01 2023-06-30 NI669100 bus:Director2 2022-07-01 2023-06-30 NI669100 core:PlantMachinery 2022-06-30 NI669100 core:PlantMachinery 2023-06-30 NI669100 core:WithinOneYear 2023-06-30 NI669100 core:WithinOneYear 2022-06-30 NI669100 core:AfterOneYear 2023-06-30 NI669100 core:AfterOneYear 2022-06-30 NI669100 core:ShareCapital 2023-06-30 NI669100 core:ShareCapital 2022-06-30 NI669100 core:RetainedEarningsAccumulatedLosses 2023-06-30 NI669100 core:RetainedEarningsAccumulatedLosses 2022-06-30 NI669100 core:PlantMachinery 2022-06-30 NI669100 bus:SmallEntities 2022-07-01 2023-06-30 NI669100 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 NI669100 bus:FullAccounts 2022-07-01 2023-06-30 NI669100 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 NI669100 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: NI669100
Lecky Livestock Haulage Limited
Filleted Unaudited Financial Statements
30 June 2023
Lecky Livestock Haulage Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
155,278
194,098
Current assets
Debtors
5
58,072
87,246
Cash at bank and in hand
34,772
17,499
--------
---------
92,844
104,745
Creditors: amounts falling due within one year
6
143,989
165,066
---------
---------
Net current liabilities
51,145
60,321
---------
---------
Total assets less current liabilities
104,133
133,777
Creditors: amounts falling due after more than one year
7
48,784
88,784
Provisions
Taxation including deferred tax
22,350
16,415
---------
---------
Net assets
32,999
28,578
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
32,899
28,478
--------
--------
Shareholders funds
32,999
28,578
--------
--------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Lecky Livestock Haulage Limited
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 29 November 2023 , and are signed on behalf of the board by:
Mr S Lecky
Director
Company registration number: NI669100
Lecky Livestock Haulage Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit B15 Omagh Enterprise Centre, Great Northern Road, Omagh, County Tyrone, BT78 5LU. The principal activity of the company is the haulage of livestock.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the Statement of Financial Position date. Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 4 ).
4. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 July 2022 and 30 June 2023
263,202
263,202
---------
---------
Depreciation
At 1 July 2022
69,104
69,104
Charge for the year
38,820
38,820
---------
---------
At 30 June 2023
107,924
107,924
---------
---------
Carrying amount
At 30 June 2023
155,278
155,278
---------
---------
At 30 June 2022
194,098
194,098
---------
---------
5. Debtors
2023
2022
£
£
Trade debtors
50,342
76,194
Other debtors
7,730
11,052
--------
--------
58,072
87,246
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
21,033
21,033
Trade creditors
17,582
19,447
Social security and other taxes
8,665
15,564
Other creditors
96,709
109,022
---------
---------
143,989
165,066
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
20,633
40,633
Other creditors
28,151
48,151
--------
--------
48,784
88,784
--------
--------
8. Directors' advances, credits and guarantees
During the period the director withdrew £12,453 from the company. At the 30 June 2023, the aggregate balance owed to the director was £74,860 (2022: £87,313)