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Registration number: 12285462

A H D Haulage Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2023

 

A H D Haulage Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

A H D Haulage Ltd

Company Information

Director

A Harding

Company secretary

A Harding

Registered office

The Lamps
Turnpike Road
Lower Weare
Axbridge
Somerset
BS26 2JG

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

 

A H D Haulage Ltd

(Registration number: 12285462)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

18,005

24,152

Current assets

 

Debtors

5

36,355

40,530

Cash at bank and in hand

 

8,935

16,922

 

45,290

57,452

Creditors: Amounts falling due within one year

6

(36,144)

(38,263)

Net current assets

 

9,146

19,189

Total assets less current liabilities

 

27,151

43,341

Creditors: Amounts falling due after more than one year

6

(23,303)

(42,481)

Provisions for liabilities

(3,420)

(4,589)

Net assets/(liabilities)

 

428

(3,729)

Capital and reserves

 

Called up share capital

200

200

Retained earnings

228

(3,929)

Shareholders' funds/(deficit)

 

428

(3,729)

 

A H D Haulage Ltd

(Registration number: 12285462)
Balance Sheet as at 31 October 2023

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 August 2024
 

.........................................
A Harding
Company secretary and director

 

A H D Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

A H D Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Office equipment

33% straight line

 

A H D Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

A H D Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2

Accounting policies (continued)

Financial instruments

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 November 2022

1,385

38,383

6,667

46,435

At 31 October 2023

1,385

38,383

6,667

46,435

Depreciation

At 1 November 2022

1,189

17,239

3,854

22,282

Charge for the year

159

5,286

703

6,148

At 31 October 2023

1,348

22,525

4,557

28,430

Carrying amount

At 31 October 2023

37

15,858

2,110

18,005

At 31 October 2022

196

21,144

2,812

24,152

 

A H D Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

5

Debtors

Current

2023
£

2022
£

Trade debtors

1,260

2,790

Prepayments

521

519

Other debtors

34,574

37,221

 

36,355

40,530

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

20,966

21,036

Trade creditors

 

4,160

6,909

Taxation and social security

 

5,829

8,490

Accruals and deferred income

 

3,978

1,622

Other creditors

 

1,211

206

 

36,144

38,263

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

23,303

42,481

 

A H D Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

7

Related party transactions

Transactions with the director

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

A Harding

Director's Account

31,666

45,832

(50,058)

27,440

2022

At 1 November 2021
£

Advances to director
£

Repayments by director
£

At 31 October 2022
£

A Harding

Director's Account

5,634

49,800

(23,767)

31,666

Other transactions with the director

Interest has been paid at the official rate on the overdrawn position and S455 tax has been provided.

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

15,399

26,529

Hire purchase contracts

7,904

15,952

23,303

42,481

 

A H D Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

8

Loans and borrowings (continued)

Current loans and borrowings

2023
£

2022
£

Bank borrowings

12,966

13,036

Hire purchase contracts

8,000

8,000

20,966

21,036