Registered number
09013879
HOSIER HAULAGE & WASTE DISPOSAL LTD
Filleted Accounts
30 April 2024
HOSIER HAULAGE & WASTE DISPOSAL LTD
Registered number: 09013879
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 22,978 30,638
Current assets
Stocks 827 2,010
Debtors 4 60,798 82,540
Cash at bank and in hand 49,081 80,001
110,706 164,551
Creditors: amounts falling due within one year 5 (55,285) (70,118)
Net current assets 55,421 94,433
Total assets less current liabilities 78,399 125,071
Creditors: amounts falling due after more than one year 6 (20,238) (31,848)
Net assets 58,161 93,223
Capital and reserves
Called up share capital 100 100
Profit and loss account 58,061 93,123
Shareholders' funds 58,161 93,223
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.
M.J.HOSIER
Director
Approved by the board on 21 August 2024
HOSIER HAULAGE & WASTE DISPOSAL LTD
Notes to the Accounts
for the year ended 30 April 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:
Plant and machinery 25% reducing Balance
Motor Vehicles 25% reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 12,381 67,200 79,581
At 30 April 2024 12,381 67,200 79,581
Depreciation
At 1 May 2023 10,700 38,243 48,943
Charge for the year 420 7,240 7,660
At 30 April 2024 11,120 45,483 56,603
Net book value
At 30 April 2024 1,261 21,717 22,978
At 30 April 2023 1,681 28,957 30,638
4 Debtors 2024 2023
£ £
Trade debtors 57,352 79,080
Insurance 3,446 3,460
60,798 82,540
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10,073 13,490
Directors Loan Account 4,019 468
Vat 8,579 10,461
Paye - 1,511
Book-keeping & Accountancy 3,000 3,500
Pension Contributions 303 331
Taxation and social security costs 29,311 32,366
Other creditors - 7,991
55,285 70,118
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 20,238 31,848
7 Other information
HOSIER HAULAGE & WASTE DISPOSAL LTD is a private company limited by shares and incorporated in England. Its registered office is:
7 BARONSMERE ROAD
LONDON
N2 9QD
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