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REGISTERED NUMBER: SC109578 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

Arran Haulage Services Limited

Arran Haulage Services Limited (Registered number: SC109578)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Arran Haulage Services Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S J Armitage
Mrs R E Armitage





SECRETARY: Mrs R E Armitage





REGISTERED OFFICE: Home Farm
Brodick
Isle of Arran
KA27 8DD





REGISTERED NUMBER: SC109578 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Arran Haulage Services Limited (Registered number: SC109578)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 616,944 398,564
Investments 5 650,000 650,000
1,266,944 1,048,564

CURRENT ASSETS
Stocks 138,275 148,000
Debtors 6 444,106 315,539
Cash at bank and in hand 211,522 117,928
793,903 581,467
CREDITORS
Amounts falling due within one year 7 418,971 339,427
NET CURRENT ASSETS 374,932 242,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,641,876

1,290,604

CREDITORS
Amounts falling due after more than one
year

8

(195,000

)

(1,750

)

PROVISIONS FOR LIABILITIES (80,108 ) (56,419 )
NET ASSETS 1,366,768 1,232,435

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Capital redemption reserve 110,000 110,000
Retained earnings 1,206,768 1,072,435
SHAREHOLDERS' FUNDS 1,366,768 1,232,435

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.

Arran Haulage Services Limited (Registered number: SC109578)

BALANCE SHEET - continued
31 MARCH 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 28 June 2024 and were signed on its behalf by:





S J Armitage - Director


Arran Haulage Services Limited (Registered number: SC109578)

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

1. STATUTORY INFORMATION

Arran Haulage Services Limited is a private company, limited by shares , registered in Scotland. 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 amounts invoiced during the year net, exclusive of Value Added Tax.

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.
Freehold property - 2% on cost
Long leasehold - 5% on cost
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Arran Haulage Services Limited (Registered number: SC109578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 14 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 214,442 1,267,527 1,481,969
Additions 100,000 291,200 391,200
Disposals - (120,000 ) (120,000 )
At 31 March 2024 314,442 1,438,727 1,753,169
DEPRECIATION
At 1 April 2023 112,819 970,586 1,083,405
Charge for year 6,298 141,382 147,680
Eliminated on disposal - (94,860 ) (94,860 )
At 31 March 2024 119,117 1,017,108 1,136,225
NET BOOK VALUE
At 31 March 2024 195,325 421,619 616,944
At 31 March 2023 101,623 296,941 398,564

Arran Haulage Services Limited (Registered number: SC109578)

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

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 35,000
DEPRECIATION
At 1 April 2023 9,402
Charge for year 6,400
At 31 March 2024 15,802
NET BOOK VALUE
At 31 March 2024 19,198
At 31 March 2023 25,598

5. FIXED ASSET INVESTMENTS
Loans to
group
undertakings
£   
At 1 April 2023
and 31 March 2024 650,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 431,286 303,094
Other debtors 12,820 12,445
444,106 315,539

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,750 10,500
Trade creditors 308,782 263,715
Taxation and social security 51,484 8,315
Other creditors 56,955 56,897
418,971 339,427

Arran Haulage Services Limited (Registered number: SC109578)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 1,750
Other creditors 195,000 -
195,000 1,750