Allen Smith (Haulage) Limited 01204904 false 2023-04-01 2024-06-30 2024-06-30 The principal activity of the company is that of haulage contratcors Digita Accounts Production Advanced 6.30.9574.0 true true 01204904 2023-04-01 2024-06-30 01204904 2024-06-30 01204904 core:CurrentFinancialInstruments 2024-06-30 01204904 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 01204904 core:FurnitureFittings 2024-06-30 01204904 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 01204904 core:PlantMachinery 2024-06-30 01204904 bus:SmallEntities 2023-04-01 2024-06-30 01204904 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-06-30 01204904 bus:FullAccounts 2023-04-01 2024-06-30 01204904 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-06-30 01204904 bus:RegisteredOffice 2023-04-01 2024-06-30 01204904 bus:Director2 2023-04-01 2024-06-30 01204904 bus:Director3 2023-04-01 2024-06-30 01204904 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-06-30 01204904 core:FurnitureFittings 2023-04-01 2024-06-30 01204904 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-06-30 01204904 core:PlantMachinery 2023-04-01 2024-06-30 01204904 1 2023-04-01 2024-06-30 01204904 countries:England 2023-04-01 2024-06-30 01204904 2023-03-31 01204904 core:FurnitureFittings 2023-03-31 01204904 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 01204904 core:PlantMachinery 2023-03-31 01204904 2022-04-01 2023-03-31 01204904 2023-03-31 01204904 core:CurrentFinancialInstruments 2023-03-31 01204904 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01204904 core:FurnitureFittings 2023-03-31 01204904 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 01204904 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 01204904

Allen Smith (Haulage) Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2023 to 30 June 2024

 

Allen Smith (Haulage) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Allen Smith (Haulage) Limited

Company Information

Directors

Mrs M Smith

M Smith

Registered office

Church Lane
Catwick
East Yorkshire
HU17 5PW

 

Allen Smith (Haulage) Limited

(Registration number: 01204904)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

2,072

Current assets

 

Debtors

5

3,740

-

Cash at bank and in hand

 

503,941

665,834

 

507,681

665,834

Creditors: Amounts falling due within one year

6

(57,044)

(177,532)

Net current assets

 

450,637

488,302

Total assets less current liabilities

 

450,637

490,374

Provisions for liabilities

-

(282)

Net assets

 

450,637

490,092

Capital and reserves

 

Called up share capital

100

100

Retained earnings

450,537

489,992

Shareholders' funds

 

450,637

490,092

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 September 2024 and signed on its behalf by:
 

.........................................
Mrs M Smith
Director

 

Allen Smith (Haulage) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital incorporated in England and the company registration number is 01204904.

The address of its registered office is:
Church Lane
Catwick
East Yorkshire
HU17 5PW

These financial statements were authorised for issue by the Board on 25 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Disclosure of long or short period

The financial statements cover an extended period of 21 months due to the company winding up. The figures presented are not entirely comparable with the prior12 month period.

Going concern

The Company did not trade over the course of the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

 

Allen Smith (Haulage) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 2 (2023 - 7).

 

Allen Smith (Haulage) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

585

6,955

8,003

15,543

Disposals

(585)

(6,955)

(8,003)

(15,543)

At 30 June 2024

-

-

-

-

Depreciation

At 1 April 2023

-

6,499

6,972

13,471

Eliminated on disposal

-

(6,499)

(6,972)

(13,471)

At 30 June 2024

-

-

-

-

Carrying amount

At 30 June 2024

-

-

-

-

At 31 March 2023

585

456

1,031

2,072

Included within the net book value of land and buildings above is £Nil (2023 - £585) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Other debtors

3,740

-

3,740

-

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

39,748

49,972

Trade creditors

 

87

774

Taxation and social security

 

2,407

124,812

Accruals and deferred income

 

14,802

1,974

 

57,044

177,532

 

Allen Smith (Haulage) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

39,748

49,972

Other borrowings relate to unsecured director loans.

8

Related party transactions

Other transactions with Directors

At the year end, the company owed M Smith £1,375 (2023: £1,375) and the company owed Mrs M Smith £38,373 (2023: £48,597). These amounts are unsecured, interest free and repayable on demand.