Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12498338 Mr Chad Lloyd Mrs Katie Lloyd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12498338 2023-03-31 12498338 2024-03-31 12498338 2023-04-01 2024-03-31 12498338 frs-core:CurrentFinancialInstruments 2024-03-31 12498338 frs-core:Non-currentFinancialInstruments 2024-03-31 12498338 frs-core:MoreThanFiveYears 2024-03-31 12498338 frs-core:MotorVehicles 2024-03-31 12498338 frs-core:MotorVehicles 2023-04-01 2024-03-31 12498338 frs-core:MotorVehicles 2023-03-31 12498338 frs-core:ShareCapital 2024-03-31 12498338 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12498338 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12498338 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12498338 frs-bus:SmallEntities 2023-04-01 2024-03-31 12498338 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12498338 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12498338 frs-bus:Director1 2023-04-01 2024-03-31 12498338 frs-bus:Director1 2023-03-31 12498338 frs-bus:Director1 2024-03-31 12498338 frs-bus:Director2 2023-04-01 2024-03-31 12498338 frs-countries:EnglandWales 2023-04-01 2024-03-31 12498338 2022-03-31 12498338 2023-03-31 12498338 2022-04-01 2023-03-31 12498338 frs-core:CurrentFinancialInstruments 2023-03-31 12498338 frs-core:Non-currentFinancialInstruments 2023-03-31 12498338 frs-core:MoreThanFiveYears 2023-03-31 12498338 frs-core:WithinOneYear 2023-03-31 12498338 frs-core:ShareCapital 2023-03-31 12498338 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12498338
Lloyd And Sons Haulage Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
TaxAssist Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12498338
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 141,779 53,236
141,779 53,236
CURRENT ASSETS
Debtors 5 63,083 36,434
Cash at bank and in hand - 7,574
63,083 44,008
Creditors: Amounts Falling Due Within One Year 6 (110,228 ) (63,841 )
NET CURRENT ASSETS (LIABILITIES) (47,145 ) (19,833 )
TOTAL ASSETS LESS CURRENT LIABILITIES 94,634 33,403
Creditors: Amounts Falling Due After More Than One Year 7 (71,643 ) (12,137 )
NET ASSETS 22,991 21,266
CAPITAL AND RESERVES
Called up share capital 9 1 1
Income Statement 22,990 21,265
SHAREHOLDERS' FUNDS 22,991 21,266
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Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Chad Lloyd
Director
18/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lloyd And Sons Haulage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12498338 . The registered office is 32 Langford Crescent, Buckley, CH7 2PR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% RBM
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2023 97,141
Additions 135,803
As at 31 March 2024 232,944
Depreciation
As at 1 April 2023 43,905
Provided during the period 47,260
As at 31 March 2024 91,165
...CONTINUED
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Net Book Value
As at 31 March 2024 141,779
As at 1 April 2023 53,236
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,749 954
Other debtors - 3,906
VAT 3,846 -
Directors' loan accounts 51,488 31,574
63,083 36,434
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 13,433
Trade creditors 74,823 42,032
Bank loans and overdrafts 28,787 -
Corporation tax - 3,906
VAT - 6,682
Other creditors 6,180 (2,601 )
Accruals and deferred income 438 389
110,228 63,841
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 71,643 12,137
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 13,433
Later than five years 71,643 12,137
71,643 25,570
71,643 25,570
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Chad Lloyd 31,574 59,481 39,567 - 51,461
The above loan is unsecured, interest free and repayable on demand.
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