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REGISTERED NUMBER: 10763645 (England and Wales)














N & B HAULAGE LTD

Unaudited Financial Statements

for the Year Ended 31 May 2024






N & B HAULAGE LTD (REGISTERED NUMBER: 10763645)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N & B HAULAGE LTD

Company Information
for the Year Ended 31 May 2024







DIRECTOR: N Hunsley





SECRETARY: N Hunsley





REGISTERED OFFICE: 28 Almond Grove
Brigg
North Lincolnshire
DN20 8AW





REGISTERED NUMBER: 10763645 (England and Wales)






N & B HAULAGE LTD (REGISTERED NUMBER: 10763645)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,437 37,916

CURRENT ASSETS
Debtors 5 17,267 16,563
Cash at bank 3,050 4,231
20,317 20,794
CREDITORS
Amounts falling due within one year 6 30,746 25,282
NET CURRENT LIABILITIES (10,429 ) (4,488 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,008

33,428

CREDITORS
Amounts falling due after more than one
year

7

(12,417

)

(26,206

)

PROVISIONS FOR LIABILITIES (5,403 ) (7,204 )
NET ASSETS 188 18

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 187 17
188 18

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

N & B HAULAGE LTD (REGISTERED NUMBER: 10763645)

Balance Sheet - continued
31 May 2024


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 director and authorised for issue on 5 August 2024 and were signed by:





N Hunsley - Director


N & B HAULAGE LTD (REGISTERED NUMBER: 10763645)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

N & B Haulage Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

N & B HAULAGE LTD (REGISTERED NUMBER: 10763645)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 72,650
DEPRECIATION
At 1 June 2023 34,734
Charge for year 9,479
At 31 May 2024 44,213
NET BOOK VALUE
At 31 May 2024 28,437
At 31 May 2023 37,916

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,531 13,365
Other debtors 3,736 3,198
17,267 16,563

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,730 4,700
Hire purchase contracts 9,089 8,314
Trade creditors 4,603 3,515
Taxation and social security 8,584 6,948
Other creditors 1,740 1,805
30,746 25,282

N & B HAULAGE LTD (REGISTERED NUMBER: 10763645)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 5,092 9,792
Hire purchase contracts 7,325 16,414
12,417 26,206

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
N Hunsley
Balance outstanding at start of year 3,198 (223 )
Amounts advanced 26,690 24,450
Amounts repaid (26,152 ) (21,029 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,736 3,198