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REGISTERED NUMBER: 04985784 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Richard Edwards Haulage Limited

Richard Edwards Haulage Limited (Registered number: 04985784)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richard Edwards Haulage Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G W Edwards
Mrs D M Edwards





SECRETARY: Mrs D M Edwards





REGISTERED OFFICE: Cross Chambers
High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 04985784 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Richard Edwards Haulage Limited (Registered number: 04985784)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 178,396 173,732

CURRENT ASSETS
Debtors 5 66,369 82,805
Cash at bank 800 800
67,169 83,605
CREDITORS
Amounts falling due within one year 6 148,759 143,107
NET CURRENT LIABILITIES (81,590 ) (59,502 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,806

114,230

CREDITORS
Amounts falling due after more than one
year

7

(66,209

)

(78,729

)

PROVISIONS FOR LIABILITIES (23,303 ) (20,076 )
NET ASSETS 7,294 15,425

CAPITAL AND RESERVES
Called up share capital 320 320
Retained earnings 6,974 15,105
SHAREHOLDERS' FUNDS 7,294 15,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Richard Edwards Haulage Limited (Registered number: 04985784)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:




G W Edwards - Director



Mrs D M Edwards - Director


Richard Edwards Haulage Limited (Registered number: 04985784)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Richard Edwards 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Richard Edwards Haulage Limited (Registered number: 04985784)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

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 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 328,656
Additions 49,983
Disposals (13,227 )
At 31 December 2023 365,412
DEPRECIATION
At 1 January 2023 154,924
Charge for year 34,092
Eliminated on disposal (2,000 )
At 31 December 2023 187,016
NET BOOK VALUE
At 31 December 2023 178,396
At 31 December 2022 173,732

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

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 192,193
DEPRECIATION
At 1 January 2023 64,058
Charge for year 25,710
At 31 December 2023 89,768
NET BOOK VALUE
At 31 December 2023 102,425
At 31 December 2022 128,135

Richard Edwards Haulage Limited (Registered number: 04985784)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 66,369 82,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 12,569 15,086
Hire purchase contracts 45,286 42,837
Trade creditors 16,703 9,054
Taxation and social security 17,586 30,888
Other creditors 56,615 45,242
148,759 143,107

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 11,790 24,192
Hire purchase contracts 54,419 54,537
66,209 78,729

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 99,705 97,374