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REGISTERED NUMBER: 06835828 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

KB Haulage (Northwich) Limited

KB Haulage (Northwich) Limited (Registered number: 06835828)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KB Haulage (Northwich) Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: K B Beschorner
B Beschorner





SECRETARY: K B Beschorner





REGISTERED OFFICE: 50 Queensgate
Northwich
Cheshire
CW8 1DU





REGISTERED NUMBER: 06835828 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

KB Haulage (Northwich) Limited (Registered number: 06835828)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 63,788 80,977
63,788 80,977

CURRENT ASSETS
Debtors 6 67,039 74,365
Cash at bank 474 468
67,513 74,833
CREDITORS
Amounts falling due within one year 7 (101,590 ) (101,851 )
NET CURRENT LIABILITIES (34,077 ) (27,018 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,711

53,959

CREDITORS
Amounts falling due after more than one year 8 (28,488 ) (42,495 )
NET ASSETS 1,223 11,464

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,123 11,364
SHAREHOLDERS' FUNDS 1,223 11,464

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





K B Beschorner - Director


KB Haulage (Northwich) Limited (Registered number: 06835828)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

KB Haulage (Northwich) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:

Goodwill - 10 years straight line

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant & machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

Share capital
Ordinary A, Ordinary B, Ordinary C, Ordinary D shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

KB Haulage (Northwich) Limited (Registered number: 06835828)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023
and 31 March 2024 50,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 April 2023 52,466 192,637 13,331 258,434
Additions - 16,000 - 16,000
At 31 March 2024 52,466 208,637 13,331 274,434
DEPRECIATION
At 1 April 2023 36,786 131,865 8,806 177,457
Charge for year 8,344 22,627 2,218 33,189
At 31 March 2024 45,130 154,492 11,024 210,646
NET BOOK VALUE
At 31 March 2024 7,336 54,145 2,307 63,788
At 31 March 2023 15,680 60,772 4,525 80,977

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 37,294 74,365
Directors' current accounts 29,745 -
67,039 74,365

KB Haulage (Northwich) Limited (Registered number: 06835828)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 24,643 20,280
Hire purchase contracts 21,154 20,052
Trade creditors 10,524 16,032
Tax 7,447 11,686
Social security & other taxes 664 297
VAT 13,319 13,494
Other creditors 22,639 18,396
Directors' current accounts - 64
Accruals & deferred income 1,200 1,550
101,590 101,851

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 18,049 28,471
Hire purchase contracts 10,439 14,024
28,488 42,495

The long-term loans are secured by fixed charges over the relevant assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
2024 2023
Number: Class: Nominal Value £ £
100 Ordinary £1 100
40 Ordinary A £1 40
40 Ordinary B £1 40
20 Ordinary C £1 20
20 Ordinary D £1 20
100 100

On 01 February 2024, 100 Ordinary shares with a nominal value of £1 were reclassified to 40 Ordinary A shares, 40 Ordinary B shares, 20 Ordinary C shares, 20 Ordinary D shares with a nominal value of £1.

10. OTHER FINANCIAL COMMITMENTS

Total operating lease commitments which are not included in the balance sheet amount to £1,381 (2023: £3,720).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£ £
K B Beschorner
Balance outstanding at start of year (64 ) (860 )
Amounts advanced 68,920 65,845
Amounts repaid (39,111 ) (65,049 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,745 (64 )