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REGISTERED NUMBER: 02654388 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bryan J. Nunn Haulage Limited

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bryan J. Nunn Haulage Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs N J Nunn
Mr B J Nunn





SECRETARY: Mrs N J Nunn





REGISTERED OFFICE: Transport Depot
Chapel Pond Hill
Bury St. Edmunds
Suffolk
IP32 7HT





REGISTERED NUMBER: 02654388 (England and Wales)

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

Balance Sheet
31 March 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 6,823
Tangible assets 6 1,583,181 1,229,694
Investments 7 - 1,043,695
Investment property 8 7,432,281 5,802,853
9,015,462 8,083,065

CURRENT ASSETS
Stocks 109,469 17,568
Debtors 9 943,524 528,661
Cash at bank 4,658,968 2,869,030
5,711,961 3,415,259
CREDITORS
Amounts falling due within one year 10 1,318,532 965,552
NET CURRENT ASSETS 4,393,429 2,449,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,408,891

10,532,772

CREDITORS
Amounts falling due after more than one
year

11

(248,276

)

(233,749

)

PROVISIONS FOR LIABILITIES (1,002,528 ) (551,881 )
NET ASSETS 12,158,087 9,747,142

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Revaluation reserve 13 2,048,443 968,443
Retained earnings 10,049,644 8,718,699
12,158,087 9,747,142

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

Balance Sheet - continued
31 March 2024


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 directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




Mr B J Nunn - Director



Mrs N J Nunn - Director


Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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


1. STATUTORY INFORMATION

Bryan J. Nunn 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs have been fully amortised to represent their value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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


3. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 21 ) .

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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


5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 7,960
AMORTISATION
At 1 April 2023 1,137
Charge for year 6,823
At 31 March 2024 7,960
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 6,823

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 376,305 3,352,197 3,728,502
Additions - 791,403 791,403
At 31 March 2024 376,305 4,143,600 4,519,905
DEPRECIATION
At 1 April 2023 89,974 2,408,834 2,498,808
Charge for year 4,218 433,698 437,916
At 31 March 2024 94,192 2,842,532 2,936,724
NET BOOK VALUE
At 31 March 2024 282,113 1,301,068 1,583,181
At 31 March 2023 286,331 943,363 1,229,694

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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


6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 1,190,175
Additions 57,250
Transfer to ownership (327,140 )
At 31 March 2024 920,285
DEPRECIATION
At 1 April 2023 566,945
Charge for year 142,806
Transfer to ownership (217,880 )
At 31 March 2024 491,871
NET BOOK VALUE
At 31 March 2024 428,414
At 31 March 2023 623,230

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 1,043,695
Disposals (1,025,567 )
Share of profit/(loss) (18,128 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,043,695

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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


8. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 5,802,853
Additions 189,428
Revaluations 1,440,000
At 31 March 2024 7,432,281
NET BOOK VALUE
At 31 March 2024 7,432,281
At 31 March 2023 5,802,853

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 952,508
Valuation in 2023 338,750
Valuation in 2024 1,440,000
Cost 4,701,023
7,432,281

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
as restated
£    £   
Cost 4,701,023 4,511,595

Investment property was valued on an open market basis on 31 March 2024 by the directors .

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 934,334 522,523
Other debtors 9,190 6,138
943,524 528,661

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts (see note 12) 204,474 173,881
Trade creditors 269,015 291,863
Taxation and social security 765,383 359,354
Other creditors 79,660 140,454
1,318,532 965,552

Bryan J. Nunn Haulage Limited (Registered number: 02654388)

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


11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Hire purchase contracts (see note 12) 248,276 233,749

12. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
as restated
£    £   
Net obligations repayable:
Within one year 204,474 173,881
Between one and five years 248,276 233,749
452,750 407,630

Lessor

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2024 2023
£ £
Within one year 138,394 206,529
Greater than one year 169,551 236,178
307,945 442,707

13. RESERVES
Revaluation
reserve
£   
At 1 April 2023 968,443
Revaluation 1,080,000

At 31 March 2024 2,048,443