C.Blakey Haulage Ltd SC780173 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is HGV transport. Digita Accounts Production Advanced 6.30.9574.0 true true SC780173 2023-09-01 2024-08-31 SC780173 2024-08-31 SC780173 bus:OrdinaryShareClass1 2024-08-31 SC780173 core:CurrentFinancialInstruments 2024-08-31 SC780173 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 SC780173 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 SC780173 core:OfficeEquipment 2024-08-31 SC780173 core:PlantMachinery 2024-08-31 SC780173 bus:SmallEntities 2023-09-01 2024-08-31 SC780173 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC780173 bus:AbridgedAccounts 2023-09-01 2024-08-31 SC780173 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC780173 bus:RegisteredOffice 2023-09-01 2024-08-31 SC780173 bus:Director1 2023-09-01 2024-08-31 SC780173 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 SC780173 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC780173 bus:Agent1 2023-09-01 2024-08-31 SC780173 core:OfficeEquipment 2023-09-01 2024-08-31 SC780173 core:PlantMachinery 2023-09-01 2024-08-31 SC780173 countries:Scotland 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC780173

C.Blakey Haulage Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 August 2024

 

C.Blakey Haulage Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account and Statement of Retained Earnings

4

Abridged Balance Sheet

5 to 6

Notes to the Unaudited Abridged Financial Statements

7 to 11

 

C.Blakey Haulage Ltd

Company Information

Director

Mr Cameron John Blakey

Registered office

37 Abercromby Place
Tullibody
Clackmannanshire
FK10 2RU

Accountants

Tayler Morgan Ltd
3 Larch Street
Grangemouth
Falkirk
FK3 8PG

 

C.Blakey Haulage Ltd

Director's Report for the Year Ended 31 August 2024

The director presents his report and the abridged financial statements for the year ended 31 August 2024.

Director of the company

The director who held office during the year was as follows:

Mr Cameron John Blakey

Principal activity

The principal activity of the company is HGV transport.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 10 September 2024
 

.........................................
Mr Cameron John Blakey
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
C.Blakey Haulage Ltd
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C.Blakey Haulage Ltd for the year ended 31 August 2024 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of C.Blakey Haulage Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of C.Blakey Haulage Ltd and state those matters that we have agreed to state to the Board of Directors of C.Blakey Haulage Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C.Blakey Haulage Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that C.Blakey Haulage Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of C.Blakey Haulage Ltd. You consider that C.Blakey Haulage Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of C.Blakey Haulage Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.


Tayler Morgan Ltd
3 Larch Street
Grangemouth
Falkirk
FK3 8PG

 

C.Blakey Haulage Ltd

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 August 2024

Note

2024
£

Turnover

 

61,869

Cost of sales

 

(32,880)

Gross profit

 

28,989

Administrative expenses

 

(16,128)

Operating profit

 

12,861

Interest payable and similar charges

 

(3,158)

 

(3,158)

Profit before tax

4

9,703

Profit for the financial year

 

9,703

Retained earnings brought forward

 

-

Dividends paid

 

(8,500)

Retained earnings carried forward

 

1,203

 

C.Blakey Haulage Ltd

(Registration number: SC780173)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

Fixed assets

 

Tangible assets

5

40,155

Current assets

 

Debtors

6

14,460

Cash at bank and in hand

 

9,460

 

23,920

Prepayments and accrued income

 

313

Creditors: Amounts falling due within one year

(27,615)

Net current liabilities

 

(3,382)

Total assets less current liabilities

 

36,773

Creditors: Amounts falling due after more than one year

(34,768)

Accruals and deferred income

 

(800)

Net assets

 

1,205

Capital and reserves

 

Called up share capital

7

2

Retained earnings

1,203

Shareholders' funds

 

1,205

For the financial year ending 31 August 2024 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 10 September 2024
 

 

C.Blakey Haulage Ltd

(Registration number: SC780173)
Abridged Balance Sheet as at 31 August 2024 (continued)

.........................................
Mr Cameron John Blakey
Director

 

C.Blakey Haulage Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
37 Abercromby Place
Tullibody
Clackmannanshire
FK10 2RU
Scotland

These financial statements were authorised for issue by the director on 10 September 2024.

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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

C.Blakey Haulage Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

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 & machinery

10% reducing balance

Office equipment

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

C.Blakey Haulage Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

Depreciation expense

4,498

 

C.Blakey Haulage Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024 (continued)

5

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

Additions

44,000

653

44,653

At 31 August 2024

44,000

653

44,653

Depreciation

Charge for the year

4,400

98

4,498

At 31 August 2024

4,400

98

4,498

Carrying amount

At 31 August 2024

39,600

555

40,155

6

Debtors

Debtors includes £Nil due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

2

2

   

8

Dividends

2024

£

Interim dividend of £8,500.00 per ordinary share

8,500

 

9

Related party transactions

 

C.Blakey Haulage Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024 (continued)

9

Related party transactions (continued)

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

Remuneration

5,439