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REGISTERED NUMBER: 10299628 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

DAG Haulage Ltd

DAG Haulage Ltd (Registered number: 10299628)

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


DAG Haulage Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D A Green
Mr D M Jackson





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Saffron Walden
Essex
CB10 1PF





BUSINESS ADDRESS: 9 Hills Road
Cambridge
CB2 1GE





REGISTERED NUMBER: 10299628 (England and Wales)

DAG Haulage Ltd (Registered number: 10299628)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,773 6,363

CURRENT ASSETS
Debtors 6 93,386 74,167
Cash at bank 3 3
93,389 74,170
CREDITORS
Amounts falling due within one year 7 90,970 67,133
NET CURRENT ASSETS 2,419 7,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,192

13,400

CREDITORS
Amounts falling due after more than one
year

8

7,087

13,000
NET ASSETS 105 400

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 103 398
105 400

DAG Haulage Ltd (Registered number: 10299628)

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 1 October 2024 and were signed on its behalf by:




Mr D A Green - Director



Mr D M Jackson - Director


DAG Haulage Ltd (Registered number: 10299628)

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


1. STATUTORY INFORMATION

DAG Haulage Ltd 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.

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

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.
Plant and machinery etc - 25% on reducing balance

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.

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.


DAG Haulage Ltd (Registered number: 10299628)

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


3. ACCOUNTING POLICIES - continued
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.

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 4 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 18,112
DEPRECIATION
At 1 April 2023 11,749
Charge for year 1,590
At 31 March 2024 13,339
NET BOOK VALUE
At 31 March 2024 4,773
At 31 March 2023 6,363

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,991 46,014
Other debtors 54,395 28,153
93,386 74,167

Included within other debtors is a balance of £2,636 (2023 - £979) in relation to prepayments, a balance of £12,975 (2023 - £6,771) in relation to S455 tax and a balance of £38,784 (2023 - £20,403) being loans made to the directors.

DAG Haulage Ltd (Registered number: 10299628)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,668 11,495
Trade creditors 26,887 24,173
Taxation and social security 28,307 28,768
Other creditors 12,108 2,697
90,970 67,133

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,087 13,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 68,603 68,603
Between one and five years 245,366 313,969
313,969 382,572

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company continued to provide an interest-bearing loan to its directors. Amounts advanced to the directors totalled £85,247 (2023 - £89,830), amounts repaid to the company totalled £67,768 (2023 - £87,158) and interest charged on the loan at rates of 2.8% and 3.3% totalled £902 (2023 - £1,637). The balance owed to the company at the year end totalled £38,784 (2023 - £20,403) and is repayable on demand.