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REGISTERED NUMBER: 02215258 (England and Wales)















HAULMASTER'S LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






HAULMASTER'S LIMITED (REGISTERED NUMBER: 02215258)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAULMASTER'S LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P A Archer Sr
Mrs L E Archer
M R Price





REGISTERED OFFICE: Allen End Garage London Road
Middleton
Tamworth
West Midlands
B78 2BP





REGISTERED NUMBER: 02215258 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

HAULMASTER'S LIMITED (REGISTERED NUMBER: 02215258)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,865,806 2,168,817

CURRENT ASSETS
Debtors 5 310,456 580,154
Cash at bank 299,388 288,647
609,844 868,801
CREDITORS
Amounts falling due within one year 6 528,366 156,816
NET CURRENT ASSETS 81,478 711,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,947,284

2,880,802

PROVISIONS FOR LIABILITIES 200,061 215,084
NET ASSETS 2,747,223 2,665,718

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,747,221 2,665,716
2,747,223 2,665,718

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 8 July 2024 and were signed on its behalf by:



P A Archer Sr - Director


HAULMASTER'S LIMITED (REGISTERED NUMBER: 02215258)

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

1. STATUTORY INFORMATION

Haulmaster's 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - at variable rates on reducing balance

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.

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 19 (2023 - 16 ) .

HAULMASTER'S LIMITED (REGISTERED NUMBER: 02215258)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 1,198,426 930,395 1,054,580 3,183,401
Additions 776,890 173,708 - 950,598
At 31 March 2024 1,975,316 1,104,103 1,054,580 4,133,999
DEPRECIATION
At 1 April 2023 - 259,894 754,690 1,014,584
Charge for year - 178,636 74,973 253,609
At 31 March 2024 - 438,530 829,663 1,268,193
NET BOOK VALUE
At 31 March 2024 1,975,316 665,573 224,917 2,865,806
At 31 March 2023 1,198,426 670,501 299,890 2,168,817

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 279,126 415,736
Other debtors - 131,913
Prepayments 31,330 32,505
310,456 580,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 40,367 11,377
Social security and other taxes 94,935 121,420
Other creditors 376,402 4,090
Accrued expenses 16,662 19,929
528,366 156,816

7. RELATED PARTY DISCLOSURES

Archer Transport (West Midlands) Limited and Paul Archer Transport Limited are related parties by virtue of the common control of the shareholders.

Included within other creditors is £372,526 (2023 - Debtor £131,913) owed to the company's related party Paul Archer Transport Limited.

During the financial year, the company benefited from an intercompany loan being written off with the company's related party Archer Transport (West Midlands) Limited. This resulted in an exceptional item of £29,800.