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REGISTERED NUMBER: 02711569 (England and Wales)















Thomas (Haulage) Ltd

Unaudited Financial Statements

for the Year Ended 30th April 2024






Thomas (Haulage) Ltd (Registered number: 02711569)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Thomas (Haulage) Ltd

Company Information
for the year ended 30th April 2024







DIRECTORS: J P Thomas.
Mrs A Thomas





SECRETARY: Mrs A Thomas





REGISTERED OFFICE: Lakeside Works
Crow Lane Great Billing
Northampton
NN3 4BZ





REGISTERED NUMBER: 02711569 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Thomas (Haulage) Ltd (Registered number: 02711569)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,261,127 1,186,109

CURRENT ASSETS
Debtors 5 369,911 568,219
Cash at bank and in hand 538,206 799,464
908,117 1,367,683
CREDITORS
Amounts falling due within one year 6 438,996 1,021,967
NET CURRENT ASSETS 469,121 345,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,730,248

1,531,825

PROVISIONS FOR LIABILITIES 7 184,000 145,000
NET ASSETS 1,546,248 1,386,825

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,545,248 1,385,825
SHAREHOLDERS' FUNDS 1,546,248 1,386,825

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

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

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 9th September 2024 and were signed on its behalf by:





Mrs A Thomas - Director


Thomas (Haulage) Ltd (Registered number: 02711569)

Notes to the Financial Statements
for the year ended 30th April 2024

1. STATUTORY INFORMATION

Thomas (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.

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.

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 each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on 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.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 22 ) .

Thomas (Haulage) Ltd (Registered number: 02711569)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st May 2023 305,000 508,275 1,049,811
Additions - - 51,660
Disposals - - -
At 30th April 2024 305,000 508,275 1,101,471
DEPRECIATION
At 1st May 2023 - 345,940 848,646
Charge for year - 14,083 50,743
Eliminated on disposal - - -
At 30th April 2024 - 360,023 899,389
NET BOOK VALUE
At 30th April 2024 305,000 148,252 202,082
At 30th April 2023 305,000 162,335 201,165

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st May 2023 31,200 1,486,047 3,380,333
Additions - 279,450 331,110
Disposals - (92,000 ) (92,000 )
At 30th April 2024 31,200 1,673,497 3,619,443
DEPRECIATION
At 1st May 2023 29,736 969,902 2,194,224
Charge for year 366 172,390 237,582
Eliminated on disposal - (73,490 ) (73,490 )
At 30th April 2024 30,102 1,068,802 2,358,316
NET BOOK VALUE
At 30th April 2024 1,098 604,695 1,261,127
At 30th April 2023 1,464 516,145 1,186,109

Included in cost of land and buildings is freehold land of £ 305,000 (2023 - £ 305,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 317,410 465,656
Other debtors 52,501 102,563
369,911 568,219

Thomas (Haulage) Ltd (Registered number: 02711569)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 187,798 406,883
Taxation and social security 197,459 172,714
Other creditors 53,739 442,370
438,996 1,021,967

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 184,000 145,000

Deferred
tax
£   
Balance at 1st May 2023 145,000
Provided during year 39,000
Balance at 30th April 2024 184,000

8. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th April 2024 or 30th April 2023.

9. CAPITAL COMMITMENTS

There were no capital commitments as at 30th April 2024 or 30th April 2023.

10. ULTIMATE CONTROLLING PARTY

The control of the company rests with the directors who hold 60% of the issued share capital.