Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3128312023-01-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01629645 2023-01-01 2023-12-31 01629645 2022-01-01 2022-12-31 01629645 2023-12-31 01629645 2022-12-31 01629645 c:Director2 2023-01-01 2023-12-31 01629645 d:PlantMachinery 2023-01-01 2023-12-31 01629645 d:PlantMachinery 2023-12-31 01629645 d:PlantMachinery 2022-12-31 01629645 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01629645 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01629645 d:MotorVehicles 2023-01-01 2023-12-31 01629645 d:MotorVehicles 2023-12-31 01629645 d:MotorVehicles 2022-12-31 01629645 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01629645 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01629645 d:FurnitureFittings 2023-01-01 2023-12-31 01629645 d:FurnitureFittings 2023-12-31 01629645 d:FurnitureFittings 2022-12-31 01629645 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01629645 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01629645 d:ComputerEquipment 2023-01-01 2023-12-31 01629645 d:ComputerEquipment 2023-12-31 01629645 d:ComputerEquipment 2022-12-31 01629645 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01629645 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01629645 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01629645 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01629645 d:Goodwill 2023-01-01 2023-12-31 01629645 d:Goodwill 2023-12-31 01629645 d:Goodwill 2022-12-31 01629645 d:CurrentFinancialInstruments 2023-12-31 01629645 d:CurrentFinancialInstruments 2022-12-31 01629645 d:Non-currentFinancialInstruments 2023-12-31 01629645 d:Non-currentFinancialInstruments 2022-12-31 01629645 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01629645 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01629645 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 01629645 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 01629645 d:ShareCapital 2023-12-31 01629645 d:ShareCapital 2022-12-31 01629645 d:RetainedEarningsAccumulatedLosses 2023-12-31 01629645 d:RetainedEarningsAccumulatedLosses 2022-12-31 01629645 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 01629645 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 01629645 c:FRS102 2023-01-01 2023-12-31 01629645 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01629645 c:FullAccounts 2023-01-01 2023-12-31 01629645 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01629645 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 01629645 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 01629645 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 01629645 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 01629645 d:HirePurchaseContracts d:MoreThanFiveYears 2023-12-31 01629645 d:HirePurchaseContracts d:MoreThanFiveYears 2022-12-31 01629645 2 2023-01-01 2023-12-31 01629645 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 01629645 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 01629645 d:LeasedAssetsHeldAsLessee 2023-12-31 01629645 d:LeasedAssetsHeldAsLessee 2022-12-31 01629645 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 01629645









HORNIGOLD HAULAGE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
HORNIGOLD HAULAGE LIMITED
REGISTERED NUMBER: 01629645

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
492,666
234,518

  
492,666
234,518

Current assets
  

Stocks
 7 
247,954
188,728

Debtors: amounts falling due within one year
 8 
1,312,414
1,658,864

Cash at bank and in hand
 9 
63,640
91,000

  
1,624,008
1,938,592

Creditors: amounts falling due within one year
 10 
(1,692,733)
(2,109,605)

Net current liabilities
  
 
 
(68,725)
 
 
(171,013)

Total assets less current liabilities
  
423,941
63,505

Creditors: amounts falling due after more than one year
 11 
(286,705)
(16,054)

Provisions for liabilities
  

Deferred tax
 13 
(88,094)
(38,031)

  
 
 
(88,094)
 
 
(38,031)

Net assets
  
49,142
9,420


Capital and reserves
  

Called up share capital 
  
25,000
25,000

Profit and loss account
  
24,142
(15,580)

  
49,142
9,420


Page 1

 
HORNIGOLD HAULAGE LIMITED
REGISTERED NUMBER: 01629645
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T A Hornigold
Director

Date: 3 September 2024

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
HORNIGOLD HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Hornigold Haulage Limited is a company limited by shares, incorporated in England and Wales, within the
United Kingdom. The address of the registered office is 6 Marks Close, Stanwick, Wellingborough,
Northamptonshire, NN9 6UB.
The company's principle activity is that of food and animal waste disposal.
The financial statements are presented in sterling which is the functional currency of the company and
rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have reviewed the company's financial position believe that the company will be able to mantain positive cash flows for the foreseeable future. Based on the current information, the preparation of the financial statements on a going concern basis is appropriate in the opinion of the directors.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
HORNIGOLD HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

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

 
2.5

Hire Purchase and Finance Leases: Lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
HORNIGOLD HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
HORNIGOLD HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.12
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
, 20% and 10% reducing balance
Fixtures and fittings
-
15%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
HORNIGOLD HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and
the amounts reported for revenues and expenses during the year. However, the nature of estimation
means that actual outcomes could differ from those estimates.


4.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Management and administration
10
6



Transport and maintenance
18
25

28
31

Page 7

 
HORNIGOLD HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
125,000



At 31 December 2023

125,000



Amortisation


At 1 January 2023
125,000



At 31 December 2023

125,000



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 8

 
HORNIGOLD HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
73,477
994,880
53,739
33,941
1,156,037


Additions
4,499
340,990
-
1,578
347,067


Disposals
-
(32,300)
-
-
(32,300)



At 31 December 2023

77,976
1,303,570
53,739
35,519
1,470,804



Depreciation


At 1 January 2023
69,438
767,455
52,789
31,837
921,519


Charge for the year on owned assets
1,333
32,301
142
707
34,483


Charge for the year on financed assets
-
46,836
-
-
46,836


Disposals
-
(24,700)
-
-
(24,700)



At 31 December 2023

70,771
821,892
52,931
32,544
978,138



Net book value



At 31 December 2023
7,205
481,678
808
2,975
492,666



At 31 December 2022
4,039
227,425
950
2,104
234,518

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
362,407
66,503

362,407
66,503

Page 9

 
HORNIGOLD HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Stocks

2023
2022
£
£

Finished goods and goods for resale
247,954
188,728

247,954
188,728



8.


Debtors

2023
2022
£
£


Trade debtors
1,167,522
1,563,694

Other debtors
87,960
59,350

Prepayments and accrued income
56,932
35,820

1,312,414
1,658,864



9.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
63,640
91,000

Less: bank overdrafts
(910,971)
(1,203,073)

(847,331)
(1,112,073)


Page 10

 
HORNIGOLD HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
910,971
1,203,073

Trade creditors
561,093
701,266

Corporation tax
9,860
47,428

Other taxation and social security
100,950
123,584

Obligations under finance lease and hire purchase contracts
70,092
20,004

Other creditors
29,684
50

Accruals and deferred income
10,083
14,200

1,692,733
2,109,605


The following liabilities were secured:

2023
2022
£
£



Obligations under finanace lease and hire purchase contracts
70,092
20,004

70,092
20,004

Details of security provided:

Hire purchase liabilities are secured on the related assets.

Page 11

 
HORNIGOLD HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
286,705
16,054

286,705
16,054


The following liabilities were secured:

2023
2022
£
£



Obligations under finance lease and hire purchase contracts
286,705
16,054

286,705
16,054

Details of security provided:

Hire purchase liabilities are secured on the related assets.


12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
70,092
20,004

Between 1-5 years
220,795
7,988

Over 5 years
65,910
8,066

356,797
36,058


13.


Deferred taxation




2023


£






At beginning of year
(38,031)


Charged to profit or loss
(50,063)



At end of year
(88,094)

Page 12

 
HORNIGOLD HAULAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
13.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(88,094)
(38,031)

(88,094)
(38,031)


14.


Pension commitments

The company operates a defined contribution pension scheme, the assets of which are held in an independently administered fund. The pension cost charge represents contributions payable by the company and amounted to £32,829 (2022 - £32,851).


15.


Related party transactions

At the balance sheet date the directors owed the company £47,709 (2022 - £18,493). There are no fixed
repayment terms.

 
Page 13