THE HAULAGE GROUP LTD

Company Registration Number:
04896945 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

THE HAULAGE GROUP LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

THE HAULAGE GROUP LTD

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 5,390,331 4,351,093
Investments: 4 32,354 321,914
Total fixed assets: 5,422,685 4,673,007
Current assets
Stocks: 120,343 0
Debtors: 5 2,554,171 2,758,532
Cash at bank and in hand: 41,174 925,163
Total current assets: 2,715,688 3,683,695
Creditors: amounts falling due within one year: 6 (2,106,415) (2,149,968)
Net current assets (liabilities): 609,273 1,533,727
Total assets less current liabilities: 6,031,958 6,206,734
Creditors: amounts falling due after more than one year: 7 (3,213,904) (2,307,697)
Provision for liabilities: (633,000) (633,000)
Total net assets (liabilities): 2,185,054 3,266,037
Capital and reserves
Called up share capital: 640 640
Revaluation reserve:8272,000484,000
Profit and loss account: 1,912,414 2,781,397
Shareholders funds: 2,185,054 3,266,037

The notes form part of these financial statements

THE HAULAGE GROUP LTD

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 December 2023
and signed on behalf of the board by:

Name: G Johnston
Status: Director

The notes form part of these financial statements

THE HAULAGE GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE HAULAGE GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 15 15

THE HAULAGE GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 5,294,640
Additions 1,197,107
At 31 May 2023 6,491,747
Depreciation
At 01 June 2022 943,547
Charge for year 157,869
At 31 May 2023 1,101,416
Net book value
At 31 May 2023 5,390,331
At 31 May 2022 4,351,093

THE HAULAGE GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Fixed investments

Other other assets held for investment value.

THE HAULAGE GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 0 970,190

THE HAULAGE GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Creditors: amounts falling due within one year note

Bank loans and overdrafts:£357,518 (2022: £261,485).Obligations under finance leases and hire purchase contracts: £415,048 (2022:£198,770).Taxation and social security costs:£475,552 (2022: £1,036,494).Other creditors: £429,425 (2022: £293,779).

THE HAULAGE GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

7. Creditors: amounts falling due after more than one year note

Bank loans: £1,872,265 (2022: £1,891,256).Obligations under finance lease and hire purchase contracts: £1,341,639 (2022: £416,441)

THE HAULAGE GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

8. Revaluation reserve

2023
£
Balance at 01 June 2022 484,000
Surplus or deficit after revaluation (212,000)
Balance at 31 May 2023 272,000

THE HAULAGE GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

9. Loans to directors

Name of director receiving advance or credit: G M Johnston and Mrs P Johnston
Description of the loan: Advance
£
Balance at 01 June 2022 147,202
Advances or credits repaid: 117,397
Balance at 31 May 2023 29,805

THE HAULAGE GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

10. Related party transactions

Name of the related party:
Relationship:
Group undertakings
Description of the Transaction: Debtors includes an amount of £820,190 (2022: £970,190) due from Keelex 322 Limited, the company's parent undertaking. The remaining balance of £361,407 (2022: £623,989) relates to another group company.
£
Balance at 01 June 2022 1,594,179
Balance at 31 May 2023 1,181,597
Name of the related party:
Relationship:
Group undertakings
Description of the Transaction: Debtors includes an amount of £820,190 (2022: £970,190) due from Keelex 322 Limited, the company's parent undertaking. The remaining balance of £361,407 (2022: £623,989) relates to another group company.
£
Balance at 01 June 2022 1,594,179
Balance at 31 May 2023 1,181,597
Name of the related party:
Relationship:
Other group undertakings
Description of the Transaction: Debtors includes an amount of £820,190 (2022: £970,190) due from Keelex 322 Limited, the company's parent undertaking. The remaining balance relates to another group company.
£
Balance at 01 June 2022 1,594,179
Balance at 31 May 2023 1,181,597

THE HAULAGE GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

11. Post balance sheet events

On 8th January 2024 Envigen Ltd, a business for which the company is a guarantor on a loan made to Envigen Ltd was put into liquidation. At the date of the liquidation the outstanding loan balance was £1,272,524.At balance sheet date the company had given a cross-company guarantee in respect of a secured loan made to Envigen Ltd by a lender to fund the acquisition of a material recycling plant. At the balance sheet date the outstanding loan balance was £1,283,812. Whilst the loan is primarily secured by a charge over the recycling plant, there is a possiblity the lender may require the company to repay the loan in part or whole in the event of a payment default by Envigen Ltd. The lender has indicated that, in the event that it required the company to honour the guarantee, it would be permitted to do so in accordance with the orginal loan repayment terms.