Registered number
13860902
LR Haulage Group Ltd
Filleted Accounts
31 January 2024
LR Haulage Group Ltd
Registered number: 13860902
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 143,800 158,360
Current assets
Debtors 4 44,040 31,696
Cash at bank and in hand 9,963 18,520
54,003 50,216
Creditors: amounts falling due within one year 5 (177,124) (90,551)
Net current liabilities (123,121) (40,335)
Net assets 20,679 118,025
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,579 117,925
Shareholders' funds 20,679 118,025
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
William Rowbotham
Director
Approved by the board on 6 August 2024
LR Haulage Group Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 0
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 February 2023 140,000 22,950 162,950
Additions - 1,000 1,000
Disposals - (17,950) (17,950)
At 31 January 2024 140,000 6,000 146,000
Depreciation
At 1 February 2023 - 4,590 4,590
Charge for the year - 1,200 1,200
On disposals - (3,590) (3,590)
At 31 January 2024 - 2,200 2,200
Net book value
At 31 January 2024 140,000 3,800 143,800
At 31 January 2023 140,000 18,360 158,360
4 Debtors 2024 2023
£ £
Trade debtors 24,024 30,584
Other debtors 20,016 1,112
44,040 31,696
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 67,152 37,611
Taxation and social security costs 42,494 27,940
Other creditors 67,478 25,000
177,124 90,551
6 Other information
LR Haulage Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Salop House,
13 Salop Road,
Oswestry
Shropshire, England
SY11 2NR
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