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REGISTERED NUMBER: 04146911















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ASHVALE HAULAGE LIMITED

ASHVALE HAULAGE LIMITED (REGISTERED NUMBER: 04146911)

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


ASHVALE HAULAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J O'Donnell
M O'Brien
J P Dowd





REGISTERED OFFICE: 27 St. Cuthberts Street
Bedford
Bedfordshire
MK40 3JG





REGISTERED NUMBER: 04146911





ACCOUNTANTS: Digital Tax Matters Limited
27 St. Cuthberts Street
Bedford
Bedfordshire
MK40 3JG

ASHVALE HAULAGE LIMITED (REGISTERED NUMBER: 04146911)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,701,664 5,907,541

CURRENT ASSETS
Debtors 5 1,399,251 2,463,837
Cash at bank and in hand 981,211 1,314,329
2,380,462 3,778,166
CREDITORS
Amounts falling due within one year 6 2,402,436 2,365,377
NET CURRENT (LIABILITIES)/ASSETS (21,974 ) 1,412,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,679,690

7,320,330

CREDITORS
Amounts falling due after more than one
year

7

(857,339

)

(392,691

)

PROVISIONS FOR LIABILITIES (953,634 ) (953,634 )
NET ASSETS 5,868,717 5,974,005

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,868,617 5,973,905
SHAREHOLDERS' FUNDS 5,868,717 5,974,005

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.

ASHVALE HAULAGE LIMITED (REGISTERED NUMBER: 04146911)

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 25 October 2024 and were signed on its behalf by:





J O'Donnell - Director


ASHVALE HAULAGE LIMITED (REGISTERED NUMBER: 04146911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Ashvale Haulage Limited is a private company, limited by shares , registered in Not specified/Other. 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 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 - 10% on reducing balance
Motor vehicles - 25% 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.

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.

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.

ASHVALE HAULAGE LIMITED (REGISTERED NUMBER: 04146911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 7,136,780 9,577 116,485 3,777 7,266,619
Additions 2,366,293 - 36,696 - 2,402,989
Disposals (191,000 ) - (31,667 ) - (222,667 )
At 31 January 2024 9,312,073 9,577 121,514 3,777 9,446,941
DEPRECIATION
At 1 February 2023 1,338,117 3,701 13,841 3,419 1,359,078
Charge for year 402,384 881 62,802 107 466,174
Eliminated on disposal (73,642 ) - (6,333 ) - (79,975 )
At 31 January 2024 1,666,859 4,582 70,310 3,526 1,745,277
NET BOOK VALUE
At 31 January 2024 7,645,214 4,995 51,204 251 7,701,664
At 31 January 2023 5,798,663 5,876 102,644 358 5,907,541

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2023 532,580
Additions 2,179,230
At 31 January 2024 2,711,810
DEPRECIATION
At 1 February 2023 26,622
Charge for year 134,250
At 31 January 2024 160,872
NET BOOK VALUE
At 31 January 2024 2,550,938
At 31 January 2023 505,958

ASHVALE HAULAGE LIMITED (REGISTERED NUMBER: 04146911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,230,714 2,288,087
Other debtors 120,537 127,750
1,351,251 2,415,837

Amounts falling due after more than one year:
Amounts owed by associates 48,000 48,000

Aggregate amounts 1,399,251 2,463,837

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,041,731 225,161
Trade creditors 863,064 1,818,352
Amounts owed to participating interests 124,630 124,630
Taxation and social security 40,759 177,426
Other creditors 332,252 19,808
2,402,436 2,365,377

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 637,339 172,691
Amounts owed to associates 220,000 220,000
857,339 392,691