Registered number
09908133
Haul and Store Ltd
Unaudited Filleted Accounts
31 December 2023
Haul and Store Ltd
Registered number: 09908133
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 184,794 150,000
Tangible assets 4 101,515 109,910
286,309 259,910
Current assets
Debtors 5 1,561,146 1,126,022
Cash at bank and in hand 491,378 304,299
2,052,524 1,430,321
Creditors: amounts falling due within one year 6 (764,275) (496,602)
Net current assets 1,288,249 933,719
Total assets less current liabilities 1,574,558 1,193,629
Creditors: amounts falling due after more than one year 7 - (38,662)
Provisions for liabilities (29,884) -
Net assets 1,544,674 1,154,967
Capital and reserves
Called up share capital 103 103
Share premium 140,950 140,950
Revaluation reserve 9 34,794 -
Profit and loss account 1,368,827 1,013,914
Shareholders' funds 1,544,674 1,154,967
The directors are 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 directors acknowledge their 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.
Hamilton Butcher
Director
Approved by the board on 2 August 2024
Haul and Store Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
Intangible fixed assets
Intangible fixed assets have been prepared in accordance with IAS 38, Intangible Assets and IAS 21, The Effects of Changes in Foreign Exchange rates. It is measured at cost on initial recognition and subsequently measured at fair value less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 3 years
Computer Equipment over 3 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 39 33
3 Intangible fixed assets £
Cryptocurrency:
Cost
At 1 January 2023 150,000
Revaluation 34,794
At 31 December 2023 184,794
Amortisation
At 31 December 2023 -
Net book value
At 31 December 2023 184,794
At 31 December 2022 150,000
Cryptocurrency has been revalued as at 31 December 2023 according to IAS 38, Intangible assets and IAS 21, The Effects of Changes in Foreign Exchange Rates. The valuation was based on the market closing prices on 31 December 2023. No cryptocurrency sales were made in the year.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 152,916 57,633 210,549
Additions 41,060 16,756 57,816
At 31 December 2023 193,976 74,389 268,365
Depreciation
At 1 January 2023 69,060 31,579 100,639
Charge for the year 45,933 20,278 66,211
At 31 December 2023 114,993 51,857 166,850
Net book value
At 31 December 2023 78,983 22,532 101,515
At 31 December 2022 83,856 26,054 109,910
5 Debtors 2023 2022
£ £
Trade debtors 676,470 512,105
Deferred tax asset - 15,890
Prepayments 95,468 102,628
Director's loan 154,849 -
Loans to companies 514,879 375,919
Other debtors 119,480 119,480
1,561,146 1,126,022
The Director's loan was £154,849 and was repaid on the 30th April 2024
The company made loans to 2 companies during the year.
Isla Properties - £399,959
La Fontaine Court - £114,920
Amounts due after more than one year included above 375,920 375,920
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 15,998
Trade creditors 221,142 166,544
Director's loan - 10,164
Taxation and social security costs 300,522 152,857
VAT 122,901 77,406
Accruals 115,686 72,912
Other creditors 4,024 721
764,275 496,602
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 38,662
8 Retained earnings
The split of retained earnings between distributable and non-distributable is as follows:
Distributable Non-distributable Total
£ £ £
As at 1 January 2021 1,013,914 1,013,914
Profit for financial year 801,513 801,513
Intangible asset revaluation movement 34,794 34,794
Interest rate swap adjustment -
Deferred tax (45,774) (45,774)
Deferred tax on interest rate swap -
1,815,427 (10,980) 1,804,447
9 Revaluation reserve 2023 2022
£ £
At 1 January 2023 - 26,275
Gain/(loss) on revaluation of intangible fixed assets 34,794 (26,275)
At 31 December 2023 34,794 -
10 Other information
Haul and Store Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Parker House
44 Stafford Road
Wallington
Surrey
SM6 9AA
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