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REGISTERED NUMBER: 01070044 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

DAVID BRATT & SONS (HAULAGE) LTD

DAVID BRATT & SONS (HAULAGE) LTD (REGISTERED NUMBER: 01070044)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID BRATT & SONS (HAULAGE) LTD

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs M Bratt
Mr D Bratt
Mr S Bratt



SECRETARY: Mrs M Bratt



REGISTERED OFFICE: The Oaks
102 Grove Lane
Cheadle Hulme
Stockport
Cheshire
SK8 7ND



REGISTERED NUMBER: 01070044 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: National Westminster Bank Plc
180 London Road
Hazel Grove
Stockport
Cheshire
SK7 4DH

DAVID BRATT & SONS (HAULAGE) LTD (REGISTERED NUMBER: 01070044)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,746,047 2,565,044

CURRENT ASSETS
Stocks 119,961 114,757
Debtors 5 1,749,571 1,749,709
Cash at bank and in hand 244 5,005
1,869,776 1,869,471
CREDITORS
Amounts falling due within one year 6 2,159,366 2,292,961
NET CURRENT LIABILITIES (289,590 ) (423,490 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,456,457

2,141,554

CREDITORS
Amounts falling due after more than one
year

7

(826,200

)

(587,088

)

PROVISIONS FOR LIABILITIES (344,033 ) (313,372 )
NET ASSETS 1,286,224 1,241,094

CAPITAL AND RESERVES
Called up share capital 3,050 3,050
Retained earnings 1,283,174 1,238,044
SHAREHOLDERS' FUNDS 1,286,224 1,241,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

DAVID BRATT & SONS (HAULAGE) LTD (REGISTERED NUMBER: 01070044)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mr S Bratt - Director


DAVID BRATT & SONS (HAULAGE) LTD (REGISTERED NUMBER: 01070044)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

David Bratt & Sons (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.

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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Long leasehold - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially recorded at cost. Included in cost of land and buildings is freehold land of £498,971 (2022 - £498,971) which is not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

DAVID BRATT & SONS (HAULAGE) LTD (REGISTERED NUMBER: 01070044)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts, are capitalised in the balance sheet and are depreciated over their useful lives. The capital elements of future obligations under the leases and hire purchase contracts are included as liabilities in the balance sheet.

The interest elements of the rental obligations are charged in the profit and loss account over the periods of the leases and hire purchase contracts and represent a constant proportion of the balance of capital repayments outstanding.

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 92 (2022 - 81 ) .

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 1,006,903 11,133 1,137,059 4,705,198 6,860,293
Additions - - 5,743 649,244 654,987
Disposals - - (15,682 ) (324,175 ) (339,857 )
At 30 November 2023 1,006,903 11,133 1,127,120 5,030,267 7,175,423
DEPRECIATION
At 1 December 2022 67,534 7,448 1,012,447 3,207,820 4,295,249
Charge for year 10,158 223 28,403 401,662 440,446
Eliminated on disposal - - (15,327 ) (290,992 ) (306,319 )
At 30 November 2023 77,692 7,671 1,025,523 3,318,490 4,429,376
NET BOOK VALUE
At 30 November 2023 929,211 3,462 101,597 1,711,777 2,746,047
At 30 November 2022 939,369 3,685 124,612 1,497,378 2,565,044

Included in cost of land and buildings is freehold land of £ 498,971 (2022 - £ 498,971 ) which is not depreciated.

DAVID BRATT & SONS (HAULAGE) LTD (REGISTERED NUMBER: 01070044)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 14,950 1,518,367 1,533,317
Additions - 619,988 619,988
Transfer to ownership - (363,356 ) (363,356 )
At 30 November 2023 14,950 1,774,999 1,789,949
DEPRECIATION
At 1 December 2022 4,048 588,247 592,295
Charge for year 2,434 277,599 280,033
Transfer to ownership - (273,657 ) (273,657 )
At 30 November 2023 6,482 592,189 598,671
NET BOOK VALUE
At 30 November 2023 8,468 1,182,810 1,191,278
At 30 November 2022 10,902 930,120 941,022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,270,768 1,291,480
Other debtors 138,927 138,927
Prepayments and accrued income 339,876 319,302
1,749,571 1,749,709

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 280,495 241,822
Hire purchase contracts (see note 8) 564,415 514,411
Trade creditors 886,666 1,087,039
Taxation and social security 254,656 305,207
Other creditors 173,134 144,482
2,159,366 2,292,961

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 81,017 107,663
Hire purchase contracts (see note 8) 745,183 479,425
826,200 587,088

DAVID BRATT & SONS (HAULAGE) LTD (REGISTERED NUMBER: 01070044)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The bank borrowing is secured by a legal charge over the company's properties at:

1. Birdhall Lane, Cheadle Heath, Stockport.
2. Unit 7,8 and 9 Oil Wells Building, Birdhall Lane, Cheadle Heath.
3. Land at Europa Way, Spectrum Business Park, Off Birdhall Lane, Cheadle, Stockport.
4. The Old School Hall, Grove Lane, Cheadle Hulme, Stockport.

Borrowing on hire purchase agreements are secured against the assets financed by the relevant borrowing.

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.11.23 30.11.22
£    £   
Net obligations repayable:
Within one year 564,415 514,411
Between one and five years 745,183 479,425
1,309,598 993,836

Non-cancellable operating leases
30.11.23 30.11.22
£    £   
Within one year 6,476 2,646
Between one and five years 10,248 2,730
16,724 5,376

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M Bratt.

10. PENSION COMMITMENTS AND OTHER POST-RETIREMENT BENEFITS

Defined Contribution Scheme

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.