2023-04-012024-03-312024-03-31false08391927NICK AGER HAULAGE LIMITED2024-09-02iso4217:GBPxbrli:pure083919272023-04-01083919272024-03-31083919272023-04-012024-03-31083919272022-04-01083919272023-03-31083919272022-04-012023-03-3108391927bus:SmallEntities2023-04-012024-03-3108391927bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3108391927bus:FullAccounts2023-04-012024-03-3108391927bus:PrivateLimitedCompanyLtd2023-04-012024-03-3108391927core:WithinOneYear2024-03-3108391927core:AfterOneYear2024-03-3108391927core:WithinOneYear2023-03-3108391927core:AfterOneYear2023-03-3108391927core:ShareCapital2024-03-3108391927core:SharePremium2024-03-3108391927core:RevaluationReserve2024-03-3108391927core:OtherReservesSubtotal2024-03-3108391927core:RetainedEarningsAccumulatedLosses2024-03-3108391927core:ShareCapital2023-03-3108391927core:SharePremium2023-03-3108391927core:RevaluationReserve2023-03-3108391927core:OtherReservesSubtotal2023-03-3108391927core:RetainedEarningsAccumulatedLosses2023-03-3108391927core:LandBuildings2024-03-3108391927core:PlantMachinery2024-03-3108391927core:Vehicles2024-03-3108391927core:FurnitureFittings2024-03-3108391927core:OfficeEquipment2024-03-3108391927core:NetGoodwill2024-03-3108391927core:IntangibleAssetsOtherThanGoodwill2024-03-3108391927core:ListedExchangeTraded2024-03-3108391927core:UnlistedNon-exchangeTraded2024-03-3108391927core:LandBuildings2023-03-3108391927core:PlantMachinery2023-03-3108391927core:Vehicles2023-03-3108391927core:FurnitureFittings2023-03-3108391927core:OfficeEquipment2023-03-3108391927core:NetGoodwill2023-03-3108391927core:IntangibleAssetsOtherThanGoodwill2023-03-3108391927core:ListedExchangeTraded2023-03-3108391927core:UnlistedNon-exchangeTraded2023-03-3108391927core:LandBuildings2023-04-012024-03-3108391927core:PlantMachinery2023-04-012024-03-3108391927core:Vehicles2023-04-012024-03-3108391927core:FurnitureFittings2023-04-012024-03-3108391927core:OfficeEquipment2023-04-012024-03-3108391927core:NetGoodwill2023-04-012024-03-3108391927core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108391927core:ListedExchangeTraded2023-04-012024-03-3108391927core:UnlistedNon-exchangeTraded2023-04-012024-03-3108391927core:MoreThanFiveYears2023-04-012024-03-3108391927core:Non-currentFinancialInstruments2024-03-3108391927core:Non-currentFinancialInstruments2023-03-3108391927dpl:CostSales2023-04-012024-03-3108391927dpl:DistributionCosts2023-04-012024-03-3108391927core:LandBuildings2023-04-012024-03-3108391927core:PlantMachinery2023-04-012024-03-3108391927core:Vehicles2023-04-012024-03-3108391927core:FurnitureFittings2023-04-012024-03-3108391927core:OfficeEquipment2023-04-012024-03-3108391927dpl:AdministrativeExpenses2023-04-012024-03-3108391927core:NetGoodwill2023-04-012024-03-3108391927core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108391927dpl:GroupUndertakings2023-04-012024-03-3108391927dpl:ParticipatingInterests2023-04-012024-03-3108391927dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3108391927core:ListedExchangeTraded2023-04-012024-03-3108391927dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3108391927core:UnlistedNon-exchangeTraded2023-04-012024-03-3108391927dpl:CostSales2022-04-012023-03-3108391927dpl:DistributionCosts2022-04-012023-03-3108391927core:LandBuildings2022-04-012023-03-3108391927core:PlantMachinery2022-04-012023-03-3108391927core:Vehicles2022-04-012023-03-3108391927core:FurnitureFittings2022-04-012023-03-3108391927core:OfficeEquipment2022-04-012023-03-3108391927dpl:AdministrativeExpenses2022-04-012023-03-3108391927core:NetGoodwill2022-04-012023-03-3108391927core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3108391927dpl:GroupUndertakings2022-04-012023-03-3108391927dpl:ParticipatingInterests2022-04-012023-03-3108391927dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3108391927core:ListedExchangeTraded2022-04-012023-03-3108391927dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3108391927core:UnlistedNon-exchangeTraded2022-04-012023-03-3108391927core:NetGoodwill2024-03-3108391927core:IntangibleAssetsOtherThanGoodwill2024-03-3108391927core:LandBuildings2024-03-3108391927core:PlantMachinery2024-03-3108391927core:Vehicles2024-03-3108391927core:FurnitureFittings2024-03-3108391927core:OfficeEquipment2024-03-3108391927core:AfterOneYear2024-03-3108391927core:WithinOneYear2024-03-3108391927core:ListedExchangeTraded2024-03-3108391927core:UnlistedNon-exchangeTraded2024-03-3108391927core:ShareCapital2024-03-3108391927core:SharePremium2024-03-3108391927core:RevaluationReserve2024-03-3108391927core:OtherReservesSubtotal2024-03-3108391927core:RetainedEarningsAccumulatedLosses2024-03-3108391927core:NetGoodwill2023-03-3108391927core:IntangibleAssetsOtherThanGoodwill2023-03-3108391927core:LandBuildings2023-03-3108391927core:PlantMachinery2023-03-3108391927core:Vehicles2023-03-3108391927core:FurnitureFittings2023-03-3108391927core:OfficeEquipment2023-03-3108391927core:AfterOneYear2023-03-3108391927core:WithinOneYear2023-03-3108391927core:ListedExch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NICK AGER HAULAGE LIMITED

Registered Number
08391927
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

NICK AGER HAULAGE LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

AGER, Mandy
AGER, Nicholas William Michael
WESTON, Gavin

Registered Address

8 Well Street
Porthcawl
CF36 3BE

Registered Number

08391927 (England and Wales)
NICK AGER HAULAGE LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets42,503,0812,240,477
2,503,0812,240,477
Current assets
Stocks6124,578135,717
Debtors7732,361775,985
Cash at bank and on hand174,274144,088
1,031,2131,055,790
Creditors amounts falling due within one year8(1,072,971)(961,181)
Net current assets (liabilities)(41,758)94,609
Total assets less current liabilities2,461,3232,335,086
Creditors amounts falling due after one year9(684,945)(751,479)
Provisions for liabilities12(310,419)(238,917)
Net assets1,465,9591,344,690
Capital and reserves
Called up share capital202202
Profit and loss account1,465,7571,344,488
Shareholders' funds1,465,9591,344,690
The financial statements were approved and authorised for issue by the Board of Directors on 2 September 2024, and are signed on its behalf by:
AGER, Nicholas William Michael
Director
Registered Company No. 08391927
NICK AGER HAULAGE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Research and development
All research costs are expensed. Costs related to the development of products are capitalised when they meet the criteria stated in FRS 102, Section 18 Intangible assets other than Goodwill. All other development expenditure is recognised as an expense in the period in which it is incurred.
Tangible fixed assets and depreciation
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.

Reducing balance (%)
Land and buildings15
Office Equipment33
Finance leases and hire purchase contracts
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. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year3133
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 23196,800196,800
At 31 March 24196,800196,800
Amortisation and impairment
At 01 April 23196,800196,800
At 31 March 24196,800196,800
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 April 23726,2542,693,8571,8013,421,912
Additions-585,450-585,450
Disposals-(160,620)-(160,620)
At 31 March 24726,2543,118,6871,8013,846,742
Depreciation and impairment
At 01 April 23-1,179,6341,8011,181,435
Charge for year-275,975-275,975
On disposals-(113,749)-(113,749)
At 31 March 24-1,341,8601,8011,343,661
Net book value
At 31 March 24726,2541,776,827-2,503,081
At 31 March 23726,2541,514,223-2,240,477
5.Capitalised borrowing costs related to property, plant and equipment
Borrowing costs totalling £2,751,183 (2023 - £2,360,803) have been included in the cost of fixed assets.
6.Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2024

2023

££
Finished goods124,578135,717
Total124,578135,717
7.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables702,061720,557
Other debtors22,80047,928
Prepayments and accrued income7,5007,500
Total732,361775,985
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables287,320144,582
Bank borrowings and overdrafts63,29166,929
Taxation and social security122,423131,945
Finance lease and HP contracts383,932294,555
Other creditors202,005319,170
Accrued liabilities and deferred income14,0004,000
Total1,072,971961,181
9.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts343,115402,166
Other creditors341,830349,313
Total684,945751,479
10.Secured creditors
Bank loans (secured) included within creditors are £406,406 (2023 : £469,095) Hire Purchase Contracts (secured) included within creditors are £725,761 (2023 : £643,868) A debenture charge dates 21 September 2018 is the registered security in relation to the advance by Lloyds Bank Commercial Finance Ltd. The charge is secure over the assets of the company as a fixed and floating charge.
11.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts341,830349,313
12.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)310,419238,917
Total310,419238,917
13.Related party transactions
Mr N and Mrs M Ager are both partners in a partnership. The balance owed to the partnership at the year end date is £23,693. All transactions between the entities are under normal market conditions.