Company Registration No. 07500337 (England and Wales)
Bayford Haulage Limited
Unaudited accounts
for the year ended 31 March 2024
Bayford Haulage Limited
Unaudited accounts
Contents
Bayford Haulage Limited
Company Information
for the year ended 31 March 2024
Company Number
07500337 (England and Wales)
Registered Office
The Garage
North Brewham
Bruton
Somerset
BA10 0JL
England
Accountants
Jupiter IX Limited
Hillside
22a Beech Avenue
Shepton Mallet
Somerset
BA4 5XW
Bayford Haulage Limited
Statement of financial position
as at 31 March 2024
Intangible assets
3,500
4,000
Tangible assets
356,088
288,969
Cash at bank and in hand
244,847
213,751
Creditors: amounts falling due within one year
(364,266)
(251,333)
Net current assets
26,565
94,636
Total assets less current liabilities
386,153
387,605
Provisions for liabilities
Deferred tax
(89,022)
(54,904)
Net assets
297,131
332,701
Called up share capital
1
1
Profit and loss account
297,130
332,700
Shareholders' funds
297,131
332,701
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 July 2024 and were signed on its behalf by
P S Biddiscombe
Director
Company Registration No. 07500337
Bayford Haulage Limited
Notes to the Accounts
for the year ended 31 March 2024
Bayford Haulage Limited is a private company, limited by shares, registered in England and Wales, registration number 07500337. The registered office is The Garage, North Brewham, Bruton, Somerset, BA10 0JL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Bayford Haulage Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
8,003
938,884
946,887
Additions
-
143,716
143,716
Disposals
-
(101,670)
(101,670)
At 31 March 2024
8,003
980,930
988,933
At 1 April 2023
5,810
652,108
657,918
Charge for the year
328
67,345
67,673
On disposals
-
(92,746)
(92,746)
At 31 March 2024
6,138
626,707
632,845
At 31 March 2024
1,865
354,223
356,088
At 31 March 2023
2,193
286,776
288,969
Raw materials
13,094
12,480
Amounts falling due within one year
Trade debtors
101,861
100,626
Accrued income and prepayments
19,196
19,112
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
258,475
142,766
Taxes and social security
-
21,944
Loans from directors
103,021
83,909
Bayford Haulage Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Deferred taxation
2024
2023
Accelerated capital allowances
52,991
54,904
Tax losses carried forward
36,031
-
Provision at start of year
54,904
61,417
Charged/(credited) to the profit and loss account
34,118
(6,513)
Provision at end of year
89,022
54,904
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).