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REGISTERED NUMBER: 03956563 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

FRANK HUDSON TRANSPORT LIMITED

FRANK HUDSON TRANSPORT LIMITED (REGISTERED NUMBER: 03956563)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

FRANK HUDSON TRANSPORT LIMITED

Company Information
for the Year Ended 30 April 2024







Directors: F Hudson
A Hudson





Secretary: A Hudson





Registered office: Hartbriggs Lane
Etherley Bank
High Etherley
Bishop Auckland
County Durham
DL14 0LG





Registered number: 03956563 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

FRANK HUDSON TRANSPORT LIMITED (REGISTERED NUMBER: 03956563)

Abridged Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 817,312 913,639
Investments 6 231,963 218,680
1,049,275 1,132,319

Current assets
Stocks 1,841 1,898
Debtors 362,686 437,172
Cash at bank and in hand 602,720 327,284
967,247 766,354
Creditors
Amounts falling due within one year 340,521 180,125
Net current assets 626,726 586,229
Total assets less current liabilities 1,676,001 1,718,548

Creditors
Amounts falling due after more than one
year

(63,567

)

(39,323

)

Provisions for liabilities (200,224 ) (212,050 )
Net assets 1,412,210 1,467,175

Capital and reserves
Called up share capital 182,875 182,875
Revaluation reserve 8 35,728 24,145
Capital redemption reserve 2 2
Retained earnings 1,193,605 1,260,153
Shareholders' funds 1,412,210 1,467,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

FRANK HUDSON TRANSPORT LIMITED (REGISTERED NUMBER: 03956563)

Abridged Balance Sheet - continued
30 April 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 Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 October 2024 and were signed on its behalf by:





F Hudson - Director


FRANK HUDSON TRANSPORT LIMITED (REGISTERED NUMBER: 03956563)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Frank Hudson Transport 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. 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.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
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.
Plant and machinery - 25% on reducing balance and 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - at variable rates on reducing balance

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

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.

FRANK HUDSON TRANSPORT LIMITED (REGISTERED NUMBER: 03956563)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Fixed asset investments
Fixed asset investments are revalued at the end of each accounting period to their market value and all movements transferred to the revaluation reserve. Any permanent change in value is transferred to the profit and loss reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 454,500
AMORTISATION
At 1 May 2023
and 30 April 2024 454,500
NET BOOK VALUE

At 30 April 2024 -
At 30 April 2023 -

FRANK HUDSON TRANSPORT LIMITED (REGISTERED NUMBER: 03956563)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 2,172,960
Additions 157,200
Disposals (210,000 )
At 30 April 2024 2,120,160
DEPRECIATION
At 1 May 2023 1,259,321
Charge for year 195,207
Eliminated on disposal (151,680 )
At 30 April 2024 1,302,848
NET BOOK VALUE
At 30 April 2024 817,312
At 30 April 2023 913,639

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

Totals
£   
COST
At 1 May 2023 542,516
Transfer to ownership (542,516 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 340,879
Charge for year 27,342
Transfer to ownership (368,221 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 201,637

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30/4/24 30/4/23
£    £   
Listed investments 218,680 237,111
Revaluation during the year 17,212 (14,363 )
Units sold re investment charges (3,929 ) (4,068 )
231,963 218,680

FRANK HUDSON TRANSPORT LIMITED (REGISTERED NUMBER: 03956563)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Hire purchase contracts - 12,442

The loans are secured by the assets they relate to.

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023 24,145
Revaluation during the year 11,583

At 30 April 2024 35,728

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Frank Hudson Transport Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Frank Hudson Transport Limited for the year ended 30 April 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Frank Hudson Transport Limited, as a body, in accordance with the terms of our engagement letter dated 16 June 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Frank Hudson Transport Limited and state those matters that we have agreed to state to the Board of Directors of Frank Hudson Transport Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Frank Hudson Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Frank Hudson Transport Limited. You consider that Frank Hudson Transport Limited 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 financial statements of Frank Hudson Transport Limited. 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 financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


2 October 2024