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REGISTERED NUMBER: 01376589 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

J&M Garner (Haulage) Limited

J&M Garner (Haulage) Limited (Registered number: 01376589)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J&M Garner (Haulage) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: D C Garner
C A Garner
A G Garner
P J Garner





SECRETARY: C A Garner





REGISTERED OFFICE: By Pass Road
Queensferry
Deeside
Flintshire
CH5 2DU





REGISTERED NUMBER: 01376589 (England and Wales)





ACCOUNTANTS: Cyfrifwyr Hill & Roberts
8a Chester Street
Mold
Flintshire
CH7 1EG

J&M Garner (Haulage) Limited (Registered number: 01376589)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 690,970 641,904

CURRENT ASSETS
Stocks 6,820 8,380
Debtors 5 423,839 384,786
Cash at bank and in hand 309,025 315,959
739,684 709,125
CREDITORS
Amounts falling due within one year 6 431,234 376,803
NET CURRENT ASSETS 308,450 332,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

999,420

974,226

CREDITORS
Amounts falling due after more than
one year

7

(184,527

)

(215,426

)

PROVISIONS FOR LIABILITIES (133,003 ) (120,387 )
NET ASSETS 681,890 638,413

J&M Garner (Haulage) Limited (Registered number: 01376589)

Balance Sheet - continued
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Capital redemption reserve 1 1
Retained earnings 676,889 633,412
681,890 638,413

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:




A G Garner - Director C A Garner - Director




D C Garner - Director P J Garner - Director


J&M Garner (Haulage) Limited (Registered number: 01376589)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

J&M Garner (Haulage) Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 4% on cost
Plant and machinery - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


J&M Garner (Haulage) Limited (Registered number: 01376589)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

J&M Garner (Haulage) Limited (Registered number: 01376589)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2022 34,000 70,500 3,895 1,909,748 2,018,143
Additions - 3,405 - 292,772 296,177
Disposals - - - (210,744 ) (210,744 )
At 30 June 2023 34,000 73,905 3,895 1,991,776 2,103,576
DEPRECIATION
At 1 July 2022 22,988 68,620 3,376 1,281,255 1,376,239
Charge for year 477 1,760 130 225,508 227,875
Eliminated on disposal - - - (191,508 ) (191,508 )
At 30 June 2023 23,465 70,380 3,506 1,315,255 1,412,606
NET BOOK VALUE
At 30 June 2023 10,535 3,525 389 676,521 690,970
At 30 June 2022 11,012 1,880 519 628,493 641,904

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 672,964
Additions 253,572
At 30 June 2023 926,536
DEPRECIATION
At 1 July 2022 254,924
Charge for year 167,903
At 30 June 2023 422,827
NET BOOK VALUE
At 30 June 2023 503,709
At 30 June 2022 418,040

J&M Garner (Haulage) Limited (Registered number: 01376589)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 390,512 354,874
Other debtors 33,327 29,912
423,839 384,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts (see note 8) 165,493 203,065
Trade creditors 138,564 136,170
Taxation and social security 112,406 23,391
Other creditors 14,771 14,177
431,234 376,803

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts (see note 8) 184,527 215,426

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.23 30.6.22
£    £   
Net obligations repayable:
Within one year 165,493 203,065
Between one and five years 184,527 215,426
350,020 418,491

J&M Garner (Haulage) Limited (Registered number: 01376589)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.6.23 30.6.22
£    £   
Within one year 6,037 26,529
Between one and five years - 6,037
6,037 32,566