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REGISTERED NUMBER: 08554282 (England and Wales)














Financial Statements

for the Year Ended 31 March 2024

for

HEWITSON HAULAGE LTD

HEWITSON HAULAGE LTD (REGISTERED NUMBER: 08554282)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEWITSON HAULAGE LTD

Company Information
for the Year Ended 31 March 2024







Directors: M E Hewitson
P Cummings
J E Hewitson



Registered office: Teesside Grange
Eaglescliffe
Stockton-On-Tees
TS16 0QH



Registered number: 08554282 (England and Wales)



Senior statutory auditor: Karl Michael Gordon FCCA



Auditors: Mitchell Gordon LLP
Accountants and Statutory Auditor
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

HEWITSON HAULAGE LTD (REGISTERED NUMBER: 08554282)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,433,410 1,257,434

Current assets
Stocks - 1,640
Debtors: amounts falling due within one year 5 787,263 1,441,990
Cash at bank 111,153 47,963
898,416 1,491,593
Creditors
Amounts falling due within one year 6 753,510 987,617
Net current assets 144,906 503,976
Total assets less current liabilities 1,578,316 1,761,410

Creditors
Amounts falling due after more than one
year

7

(317,449

)

(657,476

)

Provisions for liabilities (259,362 ) (168,239 )
Net assets 1,001,505 935,695

Capital and reserves
Called up share capital 100 100
Retained earnings 1,001,405 935,595
Shareholders' funds 1,001,505 935,695

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.

HEWITSON HAULAGE LTD (REGISTERED NUMBER: 08554282)

Balance Sheet - continued
31 March 2024



The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





M E Hewitson - Director


HEWITSON HAULAGE LTD (REGISTERED NUMBER: 08554282)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hewitson Haulage Ltd 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 (£).

The company traded for a longer period in the prior year due to a change in accounting period. Therefore the comparative amounts in the financial statements (including related notes) are not entirely comparable.

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.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources and support from the parent company, Hewitson Group Limited, to continue in operational existence for at least the next twelve months.

The financial statements have been prepared under the going concern basis of accounting.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned entities within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when the outcome of a transaction can be estimated reliably, turnover from the haulage service is recognised by reference to the date of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - At varying rates
Motor vehicles - 50% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

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.


HEWITSON HAULAGE LTD (REGISTERED NUMBER: 08554282)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 2,006,063 28,473 1,632 2,036,168
Additions 570,300 - - 570,300
Disposals (458,520 ) (6,850 ) - (465,370 )
At 31 March 2024 2,117,843 21,623 1,632 2,141,098
DEPRECIATION
At 1 April 2023 751,380 25,722 1,632 778,734
Charge for year 283,082 1,075 - 284,157
Eliminated on disposal (348,994 ) (6,209 ) - (355,203 )
At 31 March 2024 685,468 20,588 1,632 707,688
NET BOOK VALUE
At 31 March 2024 1,432,375 1,035 - 1,433,410
At 31 March 2023 1,254,683 2,751 - 1,257,434

HEWITSON HAULAGE LTD (REGISTERED NUMBER: 08554282)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 1,194,845
Transfer to ownership (123,550 )
At 31 March 2024 1,071,295
DEPRECIATION
At 1 April 2023 212,284
Charge for year 211,576
Transfer to ownership (49,724 )
At 31 March 2024 374,136
NET BOOK VALUE
At 31 March 2024 697,159
At 31 March 2023 982,561

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 276,515 224,218
Amounts owed by group undertakings 439,896 1,104,215
Other debtors 70,852 113,557
787,263 1,441,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts (see note 8) 229,774 244,000
Trade creditors 314,940 555,200
Amounts owed to group undertakings 2,460 52,740
Taxation and social security 131,798 62,100
Other creditors 74,538 73,577
753,510 987,617

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts (see note 8) 317,449 657,476

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 61,463

HEWITSON HAULAGE LTD (REGISTERED NUMBER: 08554282)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/3/24 31/3/23
£    £   
Net obligations repayable:
Within one year 229,774 244,000
Between one and five years 317,449 596,013
In more than five years - 61,463
547,223 901,476

9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Hire purchase contracts 547,223 901,476

The debts are secured via the assets which they have financed.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Karl Michael Gordon FCCA (Senior Statutory Auditor)
for and on behalf of Mitchell Gordon LLP

11. CONTINGENT LIABILITIES

A multilateral guarantee and debenture exists between Hewitson Plant Hire Limited, Hewitson Limited, Hewitson Haulage Ltd, Hewitson Plant Sales Limited, Oaktree Living Limited and HAB Northern Ltd dated 14th April 2014 in favour of HSBC Bank plc.

At the balance sheet date, the amount owed to HSBC Bank Plc by the group was nil.

12. RELATED PARTY DISCLOSURES

Entities under common control


2024 2023
£    £   

Sales 679,977 1,446,776
Purchases 17,900 8,800
Amount due from related party 70,956 108,557


HEWITSON HAULAGE LTD (REGISTERED NUMBER: 08554282)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Hewitson Group Ltd, a private company limited by shares registered in England and Wales.

The registered office is the same as for Hewitson Haulage Ltd and can be found on the company information page. Consolidated group accounts are prepared by the parent and be obtained from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.