Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-31true2022-11-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC353098 2022-11-01 2023-10-31 SC353098 2021-11-01 2022-10-31 SC353098 2023-10-31 SC353098 2022-10-31 SC353098 c:Director1 2022-11-01 2023-10-31 SC353098 c:RegisteredOffice 2022-11-01 2023-10-31 SC353098 d:MotorVehicles 2022-11-01 2023-10-31 SC353098 d:MotorVehicles 2023-10-31 SC353098 d:MotorVehicles 2022-10-31 SC353098 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC353098 d:OfficeEquipment 2022-11-01 2023-10-31 SC353098 d:OfficeEquipment 2023-10-31 SC353098 d:OfficeEquipment 2022-10-31 SC353098 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC353098 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC353098 d:CurrentFinancialInstruments 2023-10-31 SC353098 d:CurrentFinancialInstruments 2022-10-31 SC353098 d:Non-currentFinancialInstruments 2023-10-31 SC353098 d:Non-currentFinancialInstruments 2022-10-31 SC353098 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC353098 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 SC353098 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 SC353098 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 SC353098 d:ShareCapital 2023-10-31 SC353098 d:ShareCapital 2022-10-31 SC353098 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC353098 d:RetainedEarningsAccumulatedLosses 2022-10-31 SC353098 c:OrdinaryShareClass1 2022-11-01 2023-10-31 SC353098 c:OrdinaryShareClass1 2023-10-31 SC353098 c:OrdinaryShareClass1 2022-10-31 SC353098 c:FRS102 2022-11-01 2023-10-31 SC353098 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC353098 c:FullAccounts 2022-11-01 2023-10-31 SC353098 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC353098










E N & L RENTON HAULAGE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

 
E N & L RENTON HAULAGE LIMITED
 

COMPANY INFORMATION


DIRECTOR
Mr E D Renton 




REGISTERED NUMBER
SC353098



REGISTERED OFFICE
46 Faulkner Avenue

Laurencekirk

Aberdeenshire

AB30 1GU




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
E N & L RENTON HAULAGE LIMITED
REGISTERED NUMBER: SC353098

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
£
£

FIXED ASSETS
  

Tangible assets
 4 
151,413
166,299

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
20,099
47,993

Cash at bank and in hand
  
46,748
24,522

  
66,847
72,515

Creditors: amounts falling due within one year
 6 
(29,298)
(34,903)

NET CURRENT ASSETS
  
 
 
37,549
 
 
37,612

TOTAL ASSETS LESS CURRENT LIABILITIES
  
188,962
203,911

Creditors: amounts falling due after more than one year
 7 
(50,795)
(68,593)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(5,738)
(4,285)

NET ASSETS
  
 
 
132,429
 
 
131,033


CAPITAL AND RESERVES
  

Called up share capital 
 8 
1
1

Profit and loss account
  
132,428
131,032

  
132,429
131,033


Page 1

 
E N & L RENTON HAULAGE LIMITED
REGISTERED NUMBER: SC353098

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 March 2024.




Mr E D Renton
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
E N & L RENTON HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


GENERAL INFORMATION

E N & L Renton Haulage Limited is a private company, limited by shares, incorporated in Scotland with registration number SC353098. The registered office is 46 Faulkner Avenue, Laurencekirk, Aberdeenshire, AB30 1GU.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
E N & L RENTON HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles and machinery
-
20%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
E N & L RENTON HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


TANGIBLE FIXED ASSETS





Motor vehicles and machinery
Office equipment
Total

£
£
£



COST OR VALUATION


At 1 November 2022
227,897
2,055
229,952


Additions
23,000
-
23,000



At 31 October 2023

250,897
2,055
252,952



DEPRECIATION


At 1 November 2022
62,107
1,546
63,653


Charge for the year on owned assets
37,758
128
37,886



At 31 October 2023

99,865
1,674
101,539



NET BOOK VALUE



At 31 October 2023
151,032
381
151,413



At 31 October 2022
165,790
509
166,299

Page 5

 
E N & L RENTON HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


DEBTORS

2023
2022
£
£


Trade debtors
18,878
43,654

Other debtors
650
-

Prepayments and accrued income
571
4,339

20,099
47,993



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
4,352
10,443

Obligations under finance lease and hire purchase contracts
17,798
15,331

Other creditors
5,738
7,820

Accruals and deferred income
1,410
1,309

29,298
34,903


Obligations under finance lease and hire purchase contracts are secured over the related fixed asset.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Other loans
5,000
5,000

Net obligations under finance leases and hire purchase contracts
45,795
63,593

50,795
68,593


Obligations under finance lease and hire purchase contracts are secured over the related fixed asset.


8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2022 - 1) Ordinary share of £1.00
1
1



Page 6