Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsefalse2023-04-01No description of principal activity84truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC493619 2023-04-01 2024-03-31 SC493619 2022-04-01 2023-03-31 SC493619 2024-03-31 SC493619 2023-03-31 SC493619 c:Director1 2023-04-01 2024-03-31 SC493619 c:Director2 2023-04-01 2024-03-31 SC493619 c:RegisteredOffice 2023-04-01 2024-03-31 SC493619 d:PlantMachinery 2023-04-01 2024-03-31 SC493619 d:PlantMachinery 2024-03-31 SC493619 d:PlantMachinery 2023-03-31 SC493619 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC493619 d:MotorVehicles 2023-04-01 2024-03-31 SC493619 d:MotorVehicles 2024-03-31 SC493619 d:MotorVehicles 2023-03-31 SC493619 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC493619 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC493619 d:CurrentFinancialInstruments 2024-03-31 SC493619 d:CurrentFinancialInstruments 2023-03-31 SC493619 d:Non-currentFinancialInstruments 2024-03-31 SC493619 d:Non-currentFinancialInstruments 2023-03-31 SC493619 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC493619 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC493619 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC493619 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC493619 d:ShareCapital 2024-03-31 SC493619 d:ShareCapital 2023-03-31 SC493619 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC493619 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC493619 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC493619 c:OrdinaryShareClass1 2024-03-31 SC493619 c:OrdinaryShareClass1 2023-03-31 SC493619 c:FRS102 2023-04-01 2024-03-31 SC493619 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC493619 c:FullAccounts 2023-04-01 2024-03-31 SC493619 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC493619 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC493619










MELROSE HAULAGE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
MELROSE HAULAGE LIMITED
 

COMPANY INFORMATION


DIRECTORS
D R Allan 
S D Allan 




REGISTERED NUMBER
SC493619



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
MELROSE HAULAGE LIMITED
REGISTERED NUMBER:SC493619

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
1,118,457
1,047,554

  
1,118,457
1,047,554

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
287,429
285,576

Cash at bank and in hand
  
256,171
65,837

  
543,600
351,413

Creditors: amounts falling due within one year
 6 
(433,053)
(407,076)

NET CURRENT ASSETS/(LIABILITIES)
  
 
 
110,547
 
 
(55,663)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,229,004
991,891

Creditors: amounts falling due after more than one year
 7 
(100,885)
(116,205)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(280,704)
(162,151)

  
 
 
(280,704)
 
 
(162,151)

NET ASSETS
  
847,415
713,535


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Profit and loss account
  
847,315
713,435

  
847,415
713,535


Page 1

 
MELROSE HAULAGE LIMITED
REGISTERED NUMBER:SC493619

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 September 2024.




D R Allan
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MELROSE HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1.


GENERAL INFORMATION

Melrose Haulage Limited is a private company, limited by shares, domiciled in Scotland, registration number SC493619. The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ. The principal place of business is Newton of Melrose, Gamrie, Banff, AB45 3EQ.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MELROSE HAULAGE LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (continued)

 
2.3

CURRENT AND DEFERRED TAXATION

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5%
reducing balance
Motor vehicles
-
12.5%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 8 (2023 - 4).

Page 4

 
MELROSE HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Total

£
£
£



COST OR VALUATION


At 1 April 2023
-
1,494,525
1,494,525


Additions
24,444
259,461
283,905


Disposals
-
(80,500)
(80,500)



At 31 March 2024

24,444
1,673,486
1,697,930



DEPRECIATION


At 1 April 2023
-
446,971
446,971


Charge for the year on owned assets
3,056
156,730
159,786


Disposals
-
(27,284)
(27,284)



At 31 March 2024

3,056
576,417
579,473



NET BOOK VALUE



At 31 March 2024
21,388
1,097,069
1,118,457



At 31 March 2023
-
1,047,554
1,047,554


5.


DEBTORS

2024
2023
£
£


Trade debtors
232,250
284,733

Other debtors
54,250
-

Prepayments and accrued income
929
843

287,429
285,576


Page 5

 
MELROSE HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
120,133
67,144

Amounts owed to group undertakings
109,277
188,758

Other taxation and social security
5,728
7,131

Obligations under finance lease and hire purchase contracts
113,892
140,445

Other creditors
84,023
3,598

433,053
407,076


Hire purchase liabilities are secured over the assets to which they relate.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
100,885
116,205

100,885
116,205


Hire purchase liabilities are secured over the assets to which they relate.


8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 6