IRIS Accounts Production v24.2.0.383 05349809 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false 79016 23250 79016 102266 79016 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure053498092023-01-31053498092024-01-31053498092023-02-012024-01-31053498092022-01-31053498092022-02-012023-01-31053498092023-01-3105349809ns16:EnglandWales2023-02-012024-01-3105349809ns15:PoundSterling2023-02-012024-01-3105349809ns11:Director12023-02-012024-01-3105349809ns11:PrivateLimitedCompanyLtd2023-02-012024-01-3105349809ns11:SmallEntities2023-02-012024-01-3105349809ns11:AuditExempt-NoAccountantsReport2023-02-012024-01-3105349809ns11:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3105349809ns11:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105349809ns11:FullAccounts2023-02-012024-01-310534980912023-02-012024-01-310534980942ns11:Director22023-01-310534980942ns11:Director22023-02-012024-01-310534980942ns11:Director22022-02-012023-01-310534980942ns11:Director22023-01-3105349809ns11:Director22023-02-012024-01-3105349809ns11:CompanySecretary12023-02-012024-01-3105349809ns11:RegisteredOffice2023-02-012024-01-3105349809ns6:CurrentFinancialInstruments2024-01-3105349809ns6:CurrentFinancialInstruments2023-01-3105349809ns6:Non-currentFinancialInstruments2024-01-3105349809ns6:Non-currentFinancialInstruments2023-01-3105349809ns6:ShareCapital2024-01-3105349809ns6:ShareCapital2023-01-3105349809ns6:SharePremium2024-01-3105349809ns6:SharePremium2023-01-3105349809ns6:CapitalRedemptionReserve2024-01-3105349809ns6:CapitalRedemptionReserve2023-01-3105349809ns6:RetainedEarningsAccumulatedLosses2024-01-3105349809ns6:RetainedEarningsAccumulatedLosses2023-01-3105349809ns6:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3105349809ns6:PatentsTrademarksLicencesConcessionsSimilar2023-02-012024-01-3105349809ns6:ShortLeaseholdAssetsns6:LandBuildings2023-02-012024-01-3105349809ns6:LeaseholdImprovements2023-02-012024-01-3105349809ns6:PlantMachinery2023-02-012024-01-3105349809ns6:FurnitureFittings2023-02-012024-01-3105349809ns6:MotorVehicles2023-02-012024-01-3105349809ns6:ComputerEquipment2023-02-012024-01-3105349809ns6:IntangibleAssetsOtherThanGoodwill2023-01-3105349809ns6:IntangibleAssetsOtherThanGoodwill2024-01-3105349809ns6:IntangibleAssetsOtherThanGoodwill2023-01-3105349809ns6:ShortLeaseholdAssetsns6:LandBuildings2023-01-3105349809ns6:LeaseholdImprovements2023-01-3105349809ns6:PlantMachinery2023-01-3105349809ns6:ShortLeaseholdAssetsns6:LandBuildings2024-01-3105349809ns6:LeaseholdImprovements2024-01-3105349809ns6:PlantMachinery2024-01-3105349809ns6:ShortLeaseholdAssetsns6:LandBuildings2023-01-3105349809ns6:LeaseholdImprovements2023-01-3105349809ns6:PlantMachinery2023-01-3105349809ns6:FurnitureFittings2023-01-3105349809ns6:MotorVehicles2023-01-3105349809ns6:ComputerEquipment2023-01-3105349809ns6:FurnitureFittings2024-01-3105349809ns6:MotorVehicles2024-01-3105349809ns6:ComputerEquipment2024-01-3105349809ns6:FurnitureFittings2023-01-3105349809ns6:MotorVehicles2023-01-3105349809ns6:ComputerEquipment2023-01-3105349809ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-01-3105349809ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-01-3105349809ns6:LeasedAssetsHeldAsLessee2023-01-3105349809ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-02-012024-01-3105349809ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-02-012024-01-3105349809ns6:LeasedAssetsHeldAsLessee2023-02-012024-01-3105349809ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2024-01-3105349809ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2024-01-3105349809ns6:LeasedAssetsHeldAsLessee2024-01-3105349809ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-01-3105349809ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-01-3105349809ns6:LeasedAssetsHeldAsLessee2023-01-3105349809ns6:WithinOneYearns6:CurrentFinancialInstruments2024-01-3105349809ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3105349809ns6:AfterOneYearns6:Non-currentFinancialInstruments2024-01-3105349809ns6:AfterOneYearns6:Non-currentFinancialInstruments2023-01-3105349809ns6:WithinOneYearns6:HirePurchaseContracts2024-01-3105349809ns6:WithinOneYearns6:HirePurchaseContracts2023-01-3105349809ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2024-01-3105349809ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2023-01-3105349809ns6:HirePurchaseContracts2024-01-3105349809ns6:HirePurchaseContracts2023-01-3105349809ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2024-01-3105349809ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2023-01-3105349809ns6:WithinOneYear2024-01-3105349809ns6:WithinOneYear2023-01-3105349809ns6:BetweenOneFiveYears2024-01-3105349809ns6:BetweenOneFiveYears2023-01-3105349809ns6:MoreThanFiveYears2024-01-3105349809ns6:MoreThanFiveYears2023-01-3105349809ns6:AllPeriods2024-01-3105349809ns6:AllPeriods2023-01-3105349809ns6:Secured2024-01-3105349809ns6:Secured2023-01-3105349809ns6:AcceleratedTaxDepreciationDeferredTax2024-01-3105349809ns6:AcceleratedTaxDepreciationDeferredTax2023-01-3105349809ns6:TaxLossesCarry-forwardsDeferredTax2024-01-3105349809ns6:TaxLossesCarry-forwardsDeferredTax2023-01-3105349809ns6:DeferredTaxation2023-01-3105349809ns6:DeferredTaxation2023-02-012024-01-3105349809ns6:DeferredTaxation2024-01-3105349809ns11:Director112023-01-3105349809ns11:Director112022-01-3105349809ns11:Director112023-02-012024-01-3105349809ns11:Director112022-02-012023-01-3105349809ns11:Director112024-01-3105349809ns11:Director112023-01-31
REGISTERED NUMBER: 05349809 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

A-Field Transport Limited

A-Field Transport Limited (Registered number: 05349809)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A-Field Transport Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: L J Firth
R A Firth





SECRETARY: L J Firth





REGISTERED OFFICE: Unit K2 Lowfields Way
Lowfields Business Park
Elland
Halifax
West Yorkshire
HX5 9DA





REGISTERED NUMBER: 05349809 (England and Wales)





ACCOUNTANTS: KJA Bairstow & Aktinson
Network House
Stubs Beck Lane
Cleckheaton
West Yorkshire
BD19 4TT

A-Field Transport Limited (Registered number: 05349809)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,407 9,402
Tangible assets 5 2,476,538 1,268,391
2,488,945 1,277,793

CURRENT ASSETS
Debtors 6 2,819,003 2,170,776
Cash at bank and in hand 737,386 875,820
3,556,389 3,046,596
CREDITORS
Amounts falling due within one year 7 2,155,171 1,646,698
NET CURRENT ASSETS 1,401,218 1,399,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,890,163

2,677,691

CREDITORS
Amounts falling due after more than one
year

8

(1,589,816

)

(745,002

)

PROVISIONS FOR LIABILITIES 11 (452,877 ) (254,882 )
NET ASSETS 1,847,470 1,677,807

CAPITAL AND RESERVES
Called up share capital 960 960
Share premium 6,016 6,016
Capital redemption reserve 14,824 14,824
Retained earnings 1,825,670 1,656,007
SHAREHOLDERS' FUNDS 1,847,470 1,677,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

A-Field Transport Limited (Registered number: 05349809)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





R A Firth - Director


A-Field Transport Limited (Registered number: 05349809)

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

1. STATUTORY INFORMATION

A-Field Transport 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

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.
Short leasehold - 2.5% straight line
Improvements to property - 10% straight line
Plant and machinery - 15% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line

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.

A-Field Transport Limited (Registered number: 05349809)

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

2. ACCOUNTING POLICIES - continued

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 57 (2023 - 49 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023 10,168
Additions 3,698
At 31 January 2024 13,866
AMORTISATION
At 1 February 2023 766
Charge for year 693
At 31 January 2024 1,459
NET BOOK VALUE
At 31 January 2024 12,407
At 31 January 2023 9,402

A-Field Transport Limited (Registered number: 05349809)

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

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 February 2023 - 26,399 272,840
Additions 57,504 54,346 144,587
At 31 January 2024 57,504 80,745 417,427
DEPRECIATION
At 1 February 2023 - 19,608 167,836
Charge for year 5,228 7,007 37,440
At 31 January 2024 5,228 26,615 205,276
NET BOOK VALUE
At 31 January 2024 52,276 54,130 212,151
At 31 January 2023 - 6,791 105,004

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 17,993 4,076,957 38,162 4,432,351
Additions 45,605 1,662,361 12,345 1,976,748
At 31 January 2024 63,598 5,739,318 50,507 6,409,099
DEPRECIATION
At 1 February 2023 14,208 2,938,010 24,298 3,163,960
Charge for year 12,347 700,329 6,250 768,601
At 31 January 2024 26,555 3,638,339 30,548 3,932,561
NET BOOK VALUE
At 31 January 2024 37,043 2,100,979 19,959 2,476,538
At 31 January 2023 3,785 1,138,947 13,864 1,268,391

A-Field Transport Limited (Registered number: 05349809)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 - 1,166,725 1,166,725
Additions 81,495 1,662,361 1,743,856
Transfer to ownership - (237,700 ) (237,700 )
At 31 January 2024 81,495 2,591,386 2,672,881
DEPRECIATION
At 1 February 2023 - 431,183 431,183
Charge for year 12,224 570,510 582,734
Transfer to ownership - (121,835 ) (121,835 )
At 31 January 2024 12,224 879,858 892,082
NET BOOK VALUE
At 31 January 2024 69,271 1,711,528 1,780,799
At 31 January 2023 - 735,542 735,542

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,473,698 1,454,456
Other debtors 1,007,330 375,225
2,481,028 1,829,681

Amounts falling due after more than one year:
Other debtors 337,975 341,095

Aggregate amounts 2,819,003 2,170,776

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 120,519 121,010
Hire purchase contracts (see note 9) 549,622 281,904
Trade creditors 670,097 613,047
Taxation and social security 99,743 429,467
Other creditors 715,190 201,270
2,155,171 1,646,698

A-Field Transport Limited (Registered number: 05349809)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 153,334 268,333
Hire purchase contracts (see note 9) 1,436,482 476,669
1,589,816 745,002

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 685,112 321,179
Between one and five years 1,609,045 515,408
2,294,157 836,587

Finance charges repayable:
Within one year 135,490 39,275
Between one and five years 172,563 38,739
308,053 78,014

Net obligations repayable:
Within one year 549,622 281,904
Between one and five years 1,436,482 476,669
1,986,104 758,573

Non-cancellable operating leases
2024 2023
£    £   
Within one year 2,144,885 1,329,513
Between one and five years 6,484,442 6,975,031
In more than five years 5,332,287 -
13,961,614 8,304,544

A-Field Transport Limited (Registered number: 05349809)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 5,519 6,010
Bank loans 268,334 383,333
Hire purchase contracts 1,986,104 758,573
2,259,957 1,147,916

Obligations under hire purchase contracts are secured on the assets concerned.
The bank overdraft is secured by a fixed and floating charge over all the company's assets.
80% of the bank loan is secured by government guarantee under the Business Interruption Loan regulations; the remaining 20% is secured by a fixed and floating charge over all the company's assets.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 534,668 254,882
Tax losses carried forward (81,791 ) -
452,877 254,882

Deferred
tax
£   
Balance at 1 February 2023 254,882
Provided during year 197,995
Balance at 31 January 2024 452,877

12. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 70,000 1,193,865

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
R A Firth and L J Firth
Balance outstanding at start of year 79,016 -
Amounts advanced 23,250 79,016
Amounts repaid (102,266 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 79,016

A-Field Transport Limited (Registered number: 05349809)

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

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The directors' loan is repayable on demand. Interest is charged or credited at the official HMRC rate where there is a net charge.

14. RELATED PARTY DISCLOSURES

31.1.23 31.1.23

Transactions with directors - rent 312 132

Transactions with companies under common control:
Staff welfare 23,487 32,449
Management charge income 537,620 -
Purchase of diesel 236,749 -

Balance due from (to) companies under common control (483,532 ) 51,167

15. ULTIMATE CONTROLLING PARTY

The controlling party is R A Firth.