2022-11-01 04942341 2023-10-31 04942341 2022-11-01 2023-10-31 04942341 2022-10-31 04942341 2021-11-01 2022-10-31 04942341 uk-core:WithinOneYear 2022-10-31 04942341 uk-core:WithinOneYear 2023-10-31 04942341 uk-core:AfterOneYear 2022-10-31 04942341 uk-core:AfterOneYear 2023-10-31 04942341 uk-core:ShareCapital 2023-10-31 04942341 uk-core:ShareCapital 2022-10-31 04942341 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 04942341 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 04942341 uk-bus:Director1 2022-11-01 2023-10-31 04942341 uk-core:CommercialMotorVehicles 2022-11-01 2023-10-31 04942341 uk-core:FurnitureFittings 2022-11-01 2023-10-31 04942341 uk-core:FurnitureFittings 2022-10-31 04942341 uk-core:CommercialMotorVehicles 2022-10-31 04942341 uk-core:CommercialMotorVehicles 2023-10-31 04942341 uk-core:FurnitureFittings 2023-10-31 04942341 uk-core:WithinOneYear 2023-10-31 04942341 uk-core:WithinOneYear 2022-10-31 04942341 uk-core:AfterOneYear uk-core:Secured 2023-10-31 04942341 uk-core:AfterOneYear uk-core:Secured 2022-10-31 iso4217:GBP xbrli:pure 04942341 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 04942341 uk-bus:FRS102 2022-11-01 2023-10-31 04942341 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 04942341 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Greg Saynor Haulage Limited
Registered Number:04942341
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Greg Saynor Haulage Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
04942341
As at 31 October 2023
Greg Saynor Haulage Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
11,222
7,243
2
11,222
7,243
Current assets
Trade and other receivables
-
19,524
3
5,241
Cash and cash equivalents
6,868
26,392
5,241
Trade and other payables: amounts falling due within one
year
(61,604)
(75,302)
4
(56,363)
(48,910)
Net current liabilities
Total assets less current liabilities
(37,688)
(49,120)
Trade and other payables: amounts falling due after more
than one year
(14,584)
(9,167)
5
(1,200)
(1,200)
Provisions for liabilities
(48,055)
Net liabilities
(64,904)
Capital and reserves
Called up share capital
100
100
Retained earnings
(48,155)
(65,004)
(48,055)
(64,904)
Shareholders' funds
For the year ended 31 October 2023 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
04942341
For the year ended 31 October 2023
Greg Saynor Haulage Limited
Statement of Financial Position Continued
Mr G.Saynor Director
These financial statements were approved and authorised for issue by the Board on 30 July 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 October 2023
Greg Saynor Haulage Limited
Notes to the Financial Statements
Statutory Information
Greg Saynor Haulage Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04942341.
Registered address:
42 Lightwood Road
Marsh Lane
Sheffield
S21 5RG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
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6
For the year ended 31 October 2023
Greg Saynor Haulage Limited
Notes to the Financial Statements Continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future 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 the profit and loss account over the relevant period, calculated using the sum of digits method. The capital element of the future payments is treated as a libility. Rentals under operating leases are charged to the profit and loss account as incurred.
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or
valuation
At 01 November 2022
292,528
4,872
287,656
7,500
-
7,500
Additions
At 31 October 2023
295,156
4,872
300,028
Provision for depreciation and impairment
At 01 November 2022
285,285
3,964
281,321
Charge for year
3,521
62
3,459
At 31 October 2023
288,806
4,026
284,780
At 31 October 2023
Net book value
10,376
846
11,222
At 31 October 2022
6,335
908
7,243
3. Trade and other receivables
2022
2023
£
£
Trade debtors
19,524
-
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7
For the year ended 31 October 2023
Greg Saynor Haulage Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
5,000
5,000
Trade creditors
8,088
6,618
Taxation and social security
5,257
3,693
Other creditors
56,957
46,293
75,302
61,604
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
9,167
14,584
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 2)
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