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REGISTERED NUMBER: 05092857 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

JOHN HUGHES HAULAGE LIMITED

JOHN HUGHES HAULAGE LIMITED (REGISTERED NUMBER: 05092857)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JOHN HUGHES HAULAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J F Hughes





REGISTERED OFFICE: Featherstone Farm
Leamington Road
Ryton on Dunsmore
Coventry
CV8 3EL





REGISTERED NUMBER: 05092857 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

JOHN HUGHES HAULAGE LIMITED (REGISTERED NUMBER: 05092857)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,222,287 1,088,966
Investments 6 - -
1,222,287 1,088,966

CURRENT ASSETS
Debtors 7 1,260,674 962,449
Prepayments and accrued income 39,671 46,716
Cash at bank - 4,608
1,300,345 1,013,773
CREDITORS
Amounts falling due within one year 8 776,443 515,193
NET CURRENT ASSETS 523,902 498,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,746,189

1,587,546

CREDITORS
Amounts falling due after more than one
year

9

(95,178

)

(127,424

)

PROVISIONS FOR LIABILITIES (297,600 ) (258,000 )
NET ASSETS 1,353,411 1,202,122

CAPITAL AND RESERVES
Called up share capital 11 100 100
Capital redemption reserve 50 50
Retained earnings 1,353,261 1,201,972
SHAREHOLDERS' FUNDS 1,353,411 1,202,122

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 director acknowledges his 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.

JOHN HUGHES HAULAGE LIMITED (REGISTERED NUMBER: 05092857)

STATEMENT OF FINANCIAL POSITION - 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





J F Hughes - Director


JOHN HUGHES HAULAGE LIMITED (REGISTERED NUMBER: 05092857)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

John Hughes Haulage 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 statement of financial position date.


JOHN HUGHES HAULAGE LIMITED (REGISTERED NUMBER: 05092857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

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 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 250,000
AMORTISATION
At 1 May 2023
and 30 April 2024 250,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

JOHN HUGHES HAULAGE LIMITED (REGISTERED NUMBER: 05092857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 3,104,388
Additions 744,076
Disposals (269,282 )
At 30 April 2024 3,579,182
DEPRECIATION
At 1 May 2023 2,015,422
Charge for year 504,535
Eliminated on disposal (163,062 )
At 30 April 2024 2,356,895
NET BOOK VALUE
At 30 April 2024 1,222,287
At 30 April 2023 1,088,966

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

Plant and
machinery
etc
£   
COST
At 1 May 2023 857,006
Additions 60,055
At 30 April 2024 917,061
DEPRECIATION
At 1 May 2023 539,638
Charge for year 182,965
At 30 April 2024 722,603
NET BOOK VALUE
At 30 April 2024 194,458
At 30 April 2023 317,368

JOHN HUGHES HAULAGE LIMITED (REGISTERED NUMBER: 05092857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 30,000
PROVISIONS
At 1 May 2023
and 30 April 2024 30,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 536,397 318,242
Amounts owed by group undertakings 712,577 644,207
Other debtors 11,700 -
1,260,674 962,449

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 171,330 -
Hire purchase contracts 139,607 157,982
Trade creditors 370,827 256,665
Amounts owed to group undertakings 1,075 1,075
Taxation and social security 46,979 94,253
Other creditors 46,625 5,218
776,443 515,193

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 95,178 127,424

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 234,785 285,406

Hire Purchase creditors are secured by a charge over the assets to which they relate.

JOHN HUGHES HAULAGE LIMITED (REGISTERED NUMBER: 05092857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary £1 50 50
50 Ordinary 'B' £1 50 50
100 100