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REGISTERED NUMBER: 02678778




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

G.H. BROMLEY HAULAGE LIMITED

G.H. BROMLEY HAULAGE LIMITED (REGISTERED NUMBER: 02678778)

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


G.H. BROMLEY HAULAGE LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTOR: G Bromley





REGISTERED OFFICE: 19 North Street
Ashford
Kent
TN24 8LF





REGISTERED NUMBER: 02678778





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

G.H. BROMLEY HAULAGE LIMITED (REGISTERED NUMBER: 02678778)

BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 338,606 401,870
338,606 401,870

CURRENT ASSETS
Stocks 15,500 15,500
Debtors 6 103,307 102,631
Cash in hand 4,158 4,158
122,965 122,289
CREDITORS
Amounts falling due within one year 7 100,896 138,262
NET CURRENT ASSETS/(LIABILITIES) 22,069 (15,973 )
TOTAL ASSETS LESS CURRENT LIABILITIES 360,675 385,897

CREDITORS
Amounts falling due after more than one
year

8

668,870

644,753
NET LIABILITIES (308,195 ) (258,856 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium 400,000 400,000
Retained earnings (709,195 ) (659,856 )
SHAREHOLDERS' FUNDS (308,195 ) (258,856 )

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 director acknowledges his 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.

G.H. BROMLEY HAULAGE LIMITED (REGISTERED NUMBER: 02678778)

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 director and authorised for issue on 8 April 2024 and were signed by:





G Bromley - Director


G.H. BROMLEY HAULAGE LIMITED (REGISTERED NUMBER: 02678778)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

G.H. Bromley Haulage Limited is a private company, limited by shares , registered in Not specified/Other. 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was being amortised evenly over its estimated useful life of twenty years.

During the year however, the directors reviewed the value of the goodwill and are of the opinion that this has been permanently impaired and should be written back.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance and 15% on cost

Motor vehicles have a residual value of 30% of cost or £25,000 per vehicle.

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.


G.H. BROMLEY HAULAGE LIMITED (REGISTERED NUMBER: 02678778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 112,500
AMORTISATION
At 1 December 2022
and 30 November 2023 112,500
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

G.H. BROMLEY HAULAGE LIMITED (REGISTERED NUMBER: 02678778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 70,548 156,984 630,452 1,007 858,991
DEPRECIATION
At 1 December 2022 - 127,280 329,153 688 457,121
Charge for year - 4,456 58,728 80 63,264
At 30 November 2023 - 131,736 387,881 768 520,385
NET BOOK VALUE
At 30 November 2023 70,548 25,248 242,571 239 338,606
At 30 November 2022 70,548 29,704 301,299 319 401,870

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 103,307 102,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 7,225 21,256
Hire purchase contracts (1,576 ) (1,576 )
Trade creditors 37,693 45,141
Taxation and social security 26,941 20,436
Other creditors 30,613 53,005
100,896 138,262

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Other creditors 668,870 644,753

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

G.H. BROMLEY HAULAGE LIMITED (REGISTERED NUMBER: 02678778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


10. GOING CONCERN

Although trading revenue will be affected by the current Covid-19 pandemic, the directors will see it through this temporary period. Therefore the directors feel it is appropriate to prepare the accounts on a going concern basis.