IRIS Accounts Production v24.2.0.383 07189560 director 1.4.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071895602023-03-31071895602024-01-31071895602023-04-012024-01-31071895602022-03-31071895602022-04-012023-03-31071895602023-03-3107189560ns15:EnglandWales2023-04-012024-01-3107189560ns14:PoundSterling2023-04-012024-01-3107189560ns10:Director12023-04-012024-01-3107189560ns10:PrivateLimitedCompanyLtd2023-04-012024-01-3107189560ns10:SmallEntities2023-04-012024-01-3107189560ns10:AuditExempt-NoAccountantsReport2023-04-012024-01-3107189560ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-01-3107189560ns10:SmallCompaniesRegimeForAccounts2023-04-012024-01-3107189560ns10:FullAccounts2023-04-012024-01-3107189560ns10:RegisteredOffice2023-04-012024-01-3107189560ns5:CurrentFinancialInstruments2024-01-3107189560ns5:CurrentFinancialInstruments2023-03-3107189560ns5:Non-currentFinancialInstruments2024-01-3107189560ns5:Non-currentFinancialInstruments2023-03-3107189560ns5:ShareCapital2024-01-3107189560ns5:ShareCapital2023-03-3107189560ns5:RetainedEarningsAccumulatedLosses2024-01-3107189560ns5:RetainedEarningsAccumulatedLosses2023-03-3107189560ns5:PlantMachinery2023-04-012024-01-3107189560ns5:MotorVehicles2023-04-012024-01-3107189560ns5:ComputerEquipment2023-04-012024-01-3107189560ns5:PlantMachinery2023-03-3107189560ns5:MotorVehicles2023-03-3107189560ns5:ComputerEquipment2023-03-3107189560ns5:PlantMachinery2024-01-3107189560ns5:MotorVehicles2024-01-3107189560ns5:ComputerEquipment2024-01-3107189560ns5:PlantMachinery2023-03-3107189560ns5:MotorVehicles2023-03-3107189560ns5:ComputerEquipment2023-03-3107189560ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3107189560ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 07189560 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST APRIL 2023 TO 31ST JANUARY 2024

FOR

RYAN O'DONOVAN HAULAGE LTD

RYAN O'DONOVAN HAULAGE LTD (REGISTERED NUMBER: 07189560)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RYAN O'DONOVAN HAULAGE LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JANUARY 2024







DIRECTOR: R J O'Donovan





REGISTERED OFFICE: The Paddocks
Tile Kiln Farm
Burnt Farm Ride
Enfield
EN2 9DY





REGISTERED NUMBER: 07189560 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

RYAN O'DONOVAN HAULAGE LTD (REGISTERED NUMBER: 07189560)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,770,213 691,719

CURRENT ASSETS
Debtors 5 524,034 1,126,369
Cash at bank 551,793 319,014
1,075,827 1,445,383
CREDITORS
Amounts falling due within one year 6 733,042 544,525
NET CURRENT ASSETS 342,785 900,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,112,998

1,592,577

CREDITORS
Amounts falling due after more than one
year

7

(622,603

)

(216,898

)

PROVISIONS FOR LIABILITIES (160,161 ) (189,236 )
NET ASSETS 1,330,234 1,186,443

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,330,134 1,186,343
1,330,234 1,186,443

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

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

RYAN O'DONOVAN HAULAGE LTD (REGISTERED NUMBER: 07189560)

BALANCE SHEET - continued
31ST 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 director and authorised for issue on 17th October 2024 and were signed by:





R J O'Donovan - Director


RYAN O'DONOVAN HAULAGE LTD (REGISTERED NUMBER: 07189560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JANUARY 2024

1. STATUTORY INFORMATION

Ryan O'Donovan Haulage Ltd 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.

The director has assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The director has not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Further, the director continues to support the company by way of director funding and has not indicated that such support will be withdrawn in the foreseeable future. Therefore the financial statements for the period ended 31st January 2024 have been prepared using the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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 - 10% on cost
Motor vehicles - 10% on cost
Office equipment - 10% on cost

Taxation
Taxation for the period 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.


RYAN O'DONOVAN HAULAGE LTD (REGISTERED NUMBER: 07189560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JANUARY 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 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 period 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 period was 12 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 1,915,491 98,500 2,178 2,016,169
Additions 957,857 18,990 4,679 981,526
At 31st January 2024 2,873,348 117,490 6,857 2,997,695
DEPRECIATION
At 1st April 2023 1,258,428 64,557 1,465 1,324,450
Charge for period (107,354 ) 9,742 644 (96,968 )
At 31st January 2024 1,151,074 74,299 2,109 1,227,482
NET BOOK VALUE
At 31st January 2024 1,722,274 43,191 4,748 1,770,213
At 31st March 2023 657,063 33,943 713 691,719

Included in the net book value of fixed assets above are assets to the value of £1,032,823 which have been purchased under hire purchase contracts which remain unpaid at the year end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 492,902 999,490
Other debtors 31,132 126,879
524,034 1,126,369

RYAN O'DONOVAN HAULAGE LTD (REGISTERED NUMBER: 07189560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 272,534 186,163
Trade creditors 307,414 36,445
Taxation and social security 10,200 11,877
Other creditors 142,894 310,040
733,042 544,525

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 622,603 216,898