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REGISTERED NUMBER: 06416544 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

P J Webb Haulage Limited

P J Webb Haulage Limited (Registered number: 06416544)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P J Webb Haulage Limited

Company Information
for the Year Ended 31 December 2023







Director: P J Webb





Secretary: Mrs K Webb





Registered office: The Haulage Yard
Wilfred Way
Tonyrefail
Porth
Rhondda Cynon Taff
CF39 8JQ





Registered number: 06416544 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

P J Webb Haulage Limited (Registered number: 06416544)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 2,083,498 1,940,954
2,083,498 1,940,954

Current assets
Debtors 6 264,264 167,062
Cash at bank 848,092 983,005
1,112,356 1,150,067
Creditors
Amounts falling due within one year 7 389,386 425,557
Net current assets 722,970 724,510
Total assets less current liabilities 2,806,468 2,665,464

Creditors
Amounts falling due after more than one
year

8

(465,861

)

(444,851

)

Provisions for liabilities (314,507 ) (284,301 )
Net assets 2,026,100 1,936,312

Capital and reserves
Called up share capital 100 100
Retained earnings 2,026,000 1,936,212
Shareholders' funds 2,026,100 1,936,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

P J Webb Haulage Limited (Registered number: 06416544)

Statement of Financial Position - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





P J Webb - Director


P J Webb Haulage Limited (Registered number: 06416544)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

P J Webb Haulage Limited 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 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 2008, is being amortised evenly over its estimated useful life of five years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - No depreciation charge
Improvements to property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

P J Webb Haulage Limited (Registered number: 06416544)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 27 (2022 - 27 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2023
and 31 December 2023 70,000
Amortisation
At 1 January 2023
and 31 December 2023 70,000
Net book value
At 31 December 2023 -
At 31 December 2022 -

5. Tangible fixed assets
Improvements Fixtures
Long to and
leasehold property fittings
£    £    £   
Cost
At 1 January 2023 53,413 156,066 108,101
Additions - 1,895 14,199
Disposals - - -
At 31 December 2023 53,413 157,961 122,300
Depreciation
At 1 January 2023 - 13,268 49,886
Charge for year - 2,862 17,070
Eliminated on disposal - - -
Transfer to ownership - - -
At 31 December 2023 - 16,130 66,956
Net book value
At 31 December 2023 53,413 141,831 55,344
At 31 December 2022 53,413 142,798 58,215

P J Webb Haulage Limited (Registered number: 06416544)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 January 2023 3,049,151 3,902 3,370,633
Additions 635,124 - 651,218
Disposals (87,738 ) - (87,738 )
At 31 December 2023 3,596,537 3,902 3,934,113
Depreciation
At 1 January 2023 1,365,140 1,385 1,429,679
Charge for year 457,508 629 478,069
Eliminated on disposal (469,467 ) - (469,467 )
Transfer to ownership 412,334 - 412,334
At 31 December 2023 1,765,515 2,014 1,850,615
Net book value
At 31 December 2023 1,831,022 1,888 2,083,498
At 31 December 2022 1,684,011 2,517 1,940,954

I

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 January 2023 1,952,827
Additions 513,800
Transfer to ownership (688,039 )
At 31 December 2023 1,778,588
Depreciation
At 1 January 2023 783,277
Charge for year 230,680
Eliminated on disposal (412,334 )
At 31 December 2023 601,623
Net book value
At 31 December 2023 1,176,965
At 31 December 2022 1,169,550

P J Webb Haulage Limited (Registered number: 06416544)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. Debtors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Trade debtors 259,714 162,562
Other debtors 4,550 4,500
264,264 167,062

7. Creditors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Hire purchase contracts 304,631 266,741
Trade creditors 19,645 10,291
Taxation and social security 64,650 148,446
Other creditors 460 79
389,386 425,557

8. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£    £   
Hire purchase contracts 465,861 444,851

9. Secured debts

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 770,492 711,592

The bank borrowings and hire purchase liabilities are also secured by a personal guarantee of the director

10. Ultimate controlling party

The controlling party is P J Webb.

The ultimate controlling party is P J Webb.