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REGISTERED NUMBER: 05758666 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

P J Leonard Haulage Limited

P J Leonard Haulage Limited (Registered number: 05758666)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


P J Leonard Haulage Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P Leonard





REGISTERED OFFICE: Edgwarebury House Farm
Elstree Hill Sourth
Elstree
Borehamwood
Hertfordshire
WD6 3DE





REGISTERED NUMBER: 05758666 (England and Wales)

P J Leonard Haulage Limited (Registered number: 05758666)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,398 28,932

CURRENT ASSETS
Debtors 247,944 228,333
Cash at bank 139,760 128,637
387,704 356,970
CREDITORS
Amounts falling due within one year 117,213 104,560
NET CURRENT ASSETS 270,491 252,410
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,889

281,342

CREDITORS
Amounts falling due after more than one
year

(10,697

)

(17,395

)

PROVISIONS FOR LIABILITIES (4,066 ) (5,497 )
NET ASSETS 277,126 258,450

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 277,026 258,350
SHAREHOLDERS' FUNDS 277,126 258,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Leonard Haulage Limited (Registered number: 05758666)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 June 2024 and were signed by:





P Leonard - Director


P J Leonard Haulage Limited (Registered number: 05758666)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

P J Leonard 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 represents net invoiced work done, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

P J Leonard Haulage Limited (Registered number: 05758666)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 80,983
Disposals (13,550 )
At 31 March 2024 67,433
DEPRECIATION
At 1 April 2023 52,051
Charge for year 7,133
Eliminated on disposal (13,149 )
At 31 March 2024 46,035
NET BOOK VALUE
At 31 March 2024 21,398
At 31 March 2023 28,932

5. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £228,990 (2023 - £216,028) from its associate company P J Leonard Investments Limited and it is included within debtors within these financial statements. Interest at rate of 6% per annum was charged on the outstanding amount.

There are no fixed repayment terms on the above loan.