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REGISTERED NUMBER: 00687938 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HAZELLS (HAULAGE) LIMITED

HAZELLS (HAULAGE) LIMITED (REGISTERED NUMBER: 00687938)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAZELLS (HAULAGE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M D W Hazell
A M Hazell
M T Hazell
M J S Hazell





SECRETARY: M J S Hazell





REGISTERED OFFICE: Hazells Yard
Nash Road
Newport
South Wales
NP18 2BS





REGISTERED NUMBER: 00687938 (England and Wales)





ACCOUNTANTS: Arthur Gait & Company Limited
Chartered Certified Accountants
18 Gold Tops
Newport
NP20 5WJ

HAZELLS (HAULAGE) LIMITED (REGISTERED NUMBER: 00687938)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 240,810 307,588
Investments 5 5,864,651 762,478
6,105,461 1,070,066

CURRENT ASSETS
Debtors 6 2,336,106 2,519,214
Cash at bank 1,193,487 6,493,697
3,529,593 9,012,911
CREDITORS
Amounts falling due within one year 7 2,459,054 2,601,684
NET CURRENT ASSETS 1,070,539 6,411,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,176,000

7,481,293

PROVISIONS FOR LIABILITIES 10,165 20,488
NET ASSETS 7,165,835 7,460,805

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 119,261 119,261
Retained earnings 7,045,574 7,340,544
SHAREHOLDERS' FUNDS 7,165,835 7,460,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

HAZELLS (HAULAGE) LIMITED (REGISTERED NUMBER: 00687938)

BALANCE SHEET - continued
31 DECEMBER 2023


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 7 August 2024 and were signed on its behalf by:





M J S Hazell - Director


HAZELLS (HAULAGE) LIMITED (REGISTERED NUMBER: 00687938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Hazells (Haulage) 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the net invoiced provision of haulage and hiring of plant, excluding value added tax.


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, 20% on reducing balance and 15% on reducing balance

Buildings are depreciated over their estimated useful life.

Plant and machinery hired to third parties is written off over the initial hire period.

Impairment reviews are carried out on plant and machinery.
Plant and machinery is revalued where necessary and residual values are reviewed with depreciation adjusted as necessary.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HAZELLS (HAULAGE) LIMITED (REGISTERED NUMBER: 00687938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes. Contributions payable for the year are charged in the profit and loss account.


Investments
These are valued at market value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible
preference and non-puttable ordinary shares which are measured at fair value, with
changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost
and thereafter at fair value with changes recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 216,870 301,411 518,281
Additions - 6,114 6,114
Disposals - (220,000 ) (220,000 )
At 31 December 2023 216,870 87,525 304,395
DEPRECIATION
At 1 January 2023 16,696 193,997 210,693
Charge for year 26 12,860 12,886
Eliminated on disposal - (159,994 ) (159,994 )
At 31 December 2023 16,722 46,863 63,585
NET BOOK VALUE
At 31 December 2023 200,148 40,662 240,810
At 31 December 2022 200,174 107,414 307,588

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2010 107,103 - 107,103
Valuation in 2020 - 34,990 34,990
Valuation in 2022 - (22,832 ) (22,832 )
Cost 109,767 75,367 185,134
216,870 87,525 304,395

HAZELLS (HAULAGE) LIMITED (REGISTERED NUMBER: 00687938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 762,478
Additions 4,996,796
Revaluations 145,377
Impairments (40,000 )
At 31 December 2023 5,864,651
NET BOOK VALUE
At 31 December 2023 5,864,651
At 31 December 2022 762,478

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2017 207,795
Valuation in 2018 (75,890 )
Valuation in 2019 106,972
Valuation in 2020 (13,452 )
Valuation in 2021 100,463
Valuation in 2022 (99,145 )
Valuation in 2023 145,377
Cost 5,492,531
5,864,651

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,094 241,406
Other debtors 2,332,012 2,277,808
2,336,106 2,519,214

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 5,691 10,361
Taxation and social security 45,069 178,434
Other creditors 2,408,294 2,412,889
2,459,054 2,601,684

HAZELLS (HAULAGE) LIMITED (REGISTERED NUMBER: 00687938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 119,261