IRIS Accounts Production v23.4.0.336 SC053552 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0535522022-07-31SC0535522023-07-31SC0535522022-08-012023-07-31SC0535522021-07-31SC0535522021-08-012022-07-31SC0535522022-07-31SC053552ns15:Scotland2022-08-012023-07-31SC053552ns14:PoundSterling2022-08-012023-07-31SC053552ns10:Director12022-08-012023-07-31SC053552ns10:PrivateLimitedCompanyLtd2022-08-012023-07-31SC053552ns10:SmallEntities2022-08-012023-07-31SC053552ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31SC053552ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-31SC053552ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-31SC053552ns10:FullAccounts2022-08-012023-07-31SC053552ns10:Director22022-08-012023-07-31SC053552ns10:Director32022-08-012023-07-31SC053552ns10:CompanySecretary12022-08-012023-07-31SC053552ns10:RegisteredOffice2022-08-012023-07-31SC053552ns5:CurrentFinancialInstruments2023-07-31SC053552ns5:CurrentFinancialInstruments2022-07-31SC053552ns5:ShareCapital2023-07-31SC053552ns5:ShareCapital2022-07-31SC053552ns5:CapitalRedemptionReserve2023-07-31SC053552ns5:CapitalRedemptionReserve2022-07-31SC053552ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-31SC053552ns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-31SC053552ns5:RetainedEarningsAccumulatedLosses2023-07-31SC053552ns5:RetainedEarningsAccumulatedLosses2022-07-31SC053552ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-08-012023-07-31SC053552ns5:PlantMachinery2022-08-012023-07-31SC053552ns5:FurnitureFittings2022-08-012023-07-31SC053552ns5:MotorVehicles2022-08-012023-07-31SC053552ns5:LandBuildings2022-07-31SC053552ns5:PlantMachinery2022-07-31SC053552ns5:LandBuildings2022-08-012023-07-31SC053552ns5:LandBuildings2023-07-31SC053552ns5:PlantMachinery2023-07-31SC053552ns5:LandBuildings2022-07-31SC053552ns5:PlantMachinery2022-07-31SC053552ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31SC053552ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31SC053552ns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-31
REGISTERED NUMBER: SC053552 (Scotland)















Unaudited Financial Statements for the Year Ended 31st July 2023

for

CADZOW HEAVY HAULAGE LIMITED

CADZOW HEAVY HAULAGE LIMITED (REGISTERED NUMBER: SC053552)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CADZOW HEAVY HAULAGE LIMITED

Company Information
for the Year Ended 31st July 2023







DIRECTORS: Mrs M Macauley
Mrs M Brailsford
Miss E Macauley



SECRETARY: Mrs M Macauley



REGISTERED OFFICE: 15 Forrest Street
Blantyre
G72 0JP



REGISTERED NUMBER: SC053552 (Scotland)



ACCOUNTANTS: Pecuniae Limited
10 Abercorn Drive
Hamilton
ML3 7EX



BANKERS: Virgin Money
135 Almada Street
Hamilton
ML3 0EX

CADZOW HEAVY HAULAGE LIMITED (REGISTERED NUMBER: SC053552)

Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,041,561 2,903,348

CURRENT ASSETS
Stocks 500 7,775
Debtors 6 444,755 471,305
Cash at bank and in hand 2,063,702 2,348,761
2,508,957 2,827,841
CREDITORS
Amounts falling due within one year 7 1,615,061 1,930,627
NET CURRENT ASSETS 893,896 897,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,935,457

3,800,562

PROVISIONS FOR LIABILITIES 396,208 367,033
NET ASSETS 3,539,249 3,433,529

CAPITAL AND RESERVES
Called up share capital 74,000 74,000
Capital redemption reserve 126,000 126,000
Fair value reserve 8 794,909 813,395
Retained earnings 2,544,340 2,420,134
SHAREHOLDERS' FUNDS 3,539,249 3,433,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

CADZOW HEAVY HAULAGE LIMITED (REGISTERED NUMBER: SC053552)

Balance Sheet - continued
31st July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th February 2024 and were signed on its behalf by:





Mrs M Macauley - Director


CADZOW HEAVY HAULAGE LIMITED (REGISTERED NUMBER: SC053552)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

Cadzow Heavy Haulage Limited is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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. There were no material departures from the standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover and revenue recognition
Turnover is derived from haulage of heavy plant and equipment.
Turnover therefore represents the income from these sources, net of discounts and excluding value added tax, and is recognised at the point that these services are supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% and 33% on cost
Fixtures and fittings - 20% and 33% on cost
Motor vehicles - 25% on cost and 15% reducing balance

The company's policy is to carry all assets at historical cost less accumulated depreciation and accumulated impairment loss, except for freehold property which has been included in the balance sheet at a valuation existing on 31st July 2017 when the company implemented FRS 102 for the first time.
At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Expenditure of £300 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

Stocks
Stocks are valued at the lower of cost and expected selling price less costs to complete, 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.

CADZOW HEAVY HAULAGE LIMITED (REGISTERED NUMBER: SC053552)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

3. 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st August 2022 1,200,000 3,587,351 4,787,351
Additions - 348,000 348,000
Disposals - (250,646 ) (250,646 )
At 31st July 2023 1,200,000 3,684,705 4,884,705
DEPRECIATION
At 1st August 2022 144,000 1,740,003 1,884,003
Charge for year 24,000 159,749 183,749
Eliminated on disposal - (224,608 ) (224,608 )
At 31st July 2023 168,000 1,675,144 1,843,144
NET BOOK VALUE
At 31st July 2023 1,032,000 2,009,561 3,041,561
At 31st July 2022 1,056,000 1,847,348 2,903,348

CADZOW HEAVY HAULAGE LIMITED (REGISTERED NUMBER: SC053552)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st July 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2016 1,200,000 - 1,200,000
Cost - 3,684,705 3,684,705
1,200,000 3,684,705 4,884,705

If freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 220,174 220,174
Aggregate depreciation 106,437 102,354

Freehold property was valued on an open market basis on 10th June 2016 by Ryden LLP, Chartered Surveyors, Glasgow at the sum of £1,200,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 298,046 341,624
Other debtors 146,709 129,681
444,755 471,305

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 154,898 376,802
Taxation and social security 8,101 11,611
Other creditors 1,452,062 1,542,214
1,615,061 1,930,627

8. RESERVES
Fair
value
reserve
£   
At 1st August 2022 813,395
Released to profit and loss account (18,486 )

At 31st July 2023 794,909

CADZOW HEAVY HAULAGE LIMITED (REGISTERED NUMBER: SC053552)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

9. RELATED PARTY DISCLOSURES

The directors loans, owed by the company, amounted to £1,427,690. These are interest free and have no fixed repayment terms.