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Company Registration No. 13889748 (England and Wales)
South Yorkshire Haulage Ltd Unaudited accounts for the year ended 31 January 2024
South Yorkshire Haulage Ltd Unaudited accounts Contents
Page
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South Yorkshire Haulage Ltd Company Information for the year ended 31 January 2024
Director
Mr U K Mushtaq
Company Number
13889748 (England and Wales)
Registered Office
15 Hall Road Rotherham S60 2BP
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South Yorkshire Haulage Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
336,194 
104,013 
Current assets
Debtors
89,490 
30,480 
Cash at bank and in hand
16,337 
12,102 
105,827 
42,582 
Creditors: amounts falling due within one year
(140,681)
(86,792)
Net current liabilities
(34,854)
(44,210)
Total assets less current liabilities
301,340 
59,803 
Creditors: amounts falling due after more than one year
(226,116)
(56,963)
Net assets
75,224 
2,840 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
75,219 
2,835 
Shareholders' funds
75,224 
2,840 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 October 2024 and were signed on its behalf by
Mr U K Mushtaq Director Company Registration No. 13889748
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South Yorkshire Haulage Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
South Yorkshire Haulage Ltd is a private company, limited by shares, registered in England and Wales, registration number 13889748. The registered office is 15 Hall Road, Rotherham, S60 2BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on a straight-line basis
Taxation
The tax expense represents the tax currently payable. This based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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South Yorkshire Haulage Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
107,833 
Additions
302,906 
Disposals
(30,333)
At 31 January 2024
380,406 
Depreciation
At 1 February 2023
3,820 
Charge for the year
42,919 
On disposals
(2,527)
At 31 January 2024
44,212 
Net book value
At 31 January 2024
336,194 
At 31 January 2023
104,013 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
13,107 
Trade debtors
84,883 
17,373 
Other debtors
4,607 
- 
89,490 
30,480 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,533 
1,322 
VAT
22,303 
- 
Obligations under finance leases and hire purchase contracts
53,589 
13,038 
Other creditors
165 
- 
Loans from directors
56,091 
72,432 
140,681 
86,792 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
226,116 
56,963 
8
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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