Registered number
NI632385
Ashvale Haulage Co. Down Limited
Filleted Accounts
30 November 2023
Ashvale Haulage Co. Down Limited
Registered number: NI632385
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 403,642 327,772
Current assets
Debtors 4 1,100,644 1,095,802
Cash at bank and in hand 177,733 290,927
1,278,377 1,386,729
Creditors: amounts falling due within one year 5 (901,562) (1,023,445)
Net current assets 376,815 363,284
Total assets less current liabilities 780,457 691,056
Creditors: amounts falling due after more than one year 6 (25,761) (35,624)
Net assets 754,696 655,432
Capital and reserves
Called up share capital 10 10
Profit and loss account 754,686 655,422
Shareholders' funds 754,696 655,432
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.
Alan Miskimmin
Director
Approved by the board on 25 August 2024
Ashvale Haulage Co. Down Limited
Notes to the Accounts
for the year ended 30 November 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 3,038 823,300 826,338
Additions - 238,250 238,250
Disposals - (96,250) (96,250)
At 30 November 2023 3,038 965,300 968,338
Depreciation
At 1 December 2022 1,653 498,101 499,754
Charge for the year 659 160,533 161,192
On disposals - (96,250) (96,250)
At 30 November 2023 2,312 562,384 564,696
Net book value
At 30 November 2023 726 402,916 403,642
At 30 November 2022 1,385 325,199 326,584
4 Debtors 2023 2022
£ £
Trade debtors 1,051,084 1,056,698
Other debtors 49,560 39,104
1,100,644 1,095,802
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 53,427 -
Obligations under finance lease and hire purchase contracts 89,504 76,446
Trade creditors 483,053 729,062
Taxation and social security costs 49,804 96,037
Other creditors 225,774 121,900
901,562 1,023,445
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 25,761 35,624
7 Other information
Ashvale Haulage Co. Down Limited is a private company limited by shares and incorporated in Northern Ireland.
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