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REGISTERED NUMBER: 04400045 (England and Wales)















Fenwick Haulage Limited

Unaudited Financial Statements For The Year Ended 31 March 2024






Fenwick Haulage Limited (Registered number: 04400045)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Fenwick Haulage Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: R Martin
K Martin



REGISTERED OFFICE: Bentley Moor Lane
Adwick Le Street
Doncaster
DN6 7BD



REGISTERED NUMBER: 04400045 (England and Wales)



ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU



BANKERS: HSBC
Unit 4 Europa Court
Sheffield Business Park
Sheffield
South Yorkshire
S9 1XE

Fenwick Haulage Limited (Registered number: 04400045)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,366,853 1,483,463
1,366,853 1,483,463

CURRENT ASSETS
Stocks 5,627 10,506
Debtors 343,121 314,415
Cash at bank and in hand 903 182,720
349,651 507,641
CREDITORS
Amounts falling due within one year 410,299 405,720
NET CURRENT (LIABILITIES)/ASSETS (60,648 ) 101,921
TOTAL ASSETS LESS CURRENT LIABILITIES 1,306,205 1,585,384

CREDITORS
Amounts falling due after more than one year 6 (782,667 ) (844,319 )

PROVISIONS FOR LIABILITIES - (54,916 )
NET ASSETS 523,538 686,149

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 523,438 686,049
SHAREHOLDERS' FUNDS 523,538 686,149

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 October 2024 and were signed on its behalf by:



R Martin - Director


Fenwick Haulage Limited (Registered number: 04400045)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Fenwick 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.

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 represents net invoiced sales of services, excluding value added tax and is recognised on performance of the relevant services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, has been written off over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - 2% on cost and not provided
Plant and machinery - 15% and 25% straight line
Fixtures and fittings - 33% on cost and 15% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 two defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 41 ) .

Fenwick Haulage Limited (Registered number: 04400045)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 7,700
AMORTISATION
At 1 April 2023
and 31 March 2024 7,700
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 2,258,585
Additions 3,000
Disposals (64,759 )
At 31 March 2024 2,196,826
DEPRECIATION
At 1 April 2023 775,122
Charge for year 114,831
Eliminated on disposal (59,980 )
At 31 March 2024 829,973
NET BOOK VALUE
At 31 March 2024 1,366,853
At 31 March 2023 1,483,463

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more than 5 years 543,606 619,957

Fenwick Haulage Limited (Registered number: 04400045)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 89,650 -
Bank loans 850,721 905,826
Hire purchase contracts 13,896 36,285
954,267 942,111

The bank borrowings are secured by a legal charge on the freehold property of the company and a £100,000 guarantee given by the director.

The hire purchase and finance lease contracts are secured on the assets to which they relate.

8. CALLED UP SHARE CAPITAL

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

9. NON-ADJUSTING EVENTS AFTER THE REPORTING PERIOD

In April 2024 the entire share capital of Fenwick Haulage Limited was acquired by Martin Holdings Limited. There is no financial effect on these financial statements.