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REGISTERED NUMBER: 11366378 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

K R BAYFORD HAULAGE LTD

K R BAYFORD HAULAGE LTD (REGISTERED NUMBER: 11366378)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


K R BAYFORD HAULAGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: K R Bayford





REGISTERED OFFICE: 10 John Gold Avenue
Newark
Nottinghamshire
NG24 1RU





REGISTERED NUMBER: 11366378 (England and Wales)





ACCOUNTANT: David Pattinson
233 London Road
Balderton
Newark
Nottinghamshire
NG24 3HA

K R BAYFORD HAULAGE LTD (REGISTERED NUMBER: 11366378)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,600 56,800

CURRENT ASSETS
Debtors 5 12,712 8,134
Cash at bank 34,051 15,585
46,763 23,719
CREDITORS
Amounts falling due within one year 6 36,833 26,568
NET CURRENT ASSETS/(LIABILITIES) 9,930 (2,849 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,530

53,951

CREDITORS
Amounts falling due after more than one
year

7

(23,917

)

(38,117

)

PROVISIONS FOR LIABILITIES 8 (8,094 ) (10,792 )
NET ASSETS 20,519 5,042

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 20,515 5,038
SHAREHOLDERS' FUNDS 20,519 5,042

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

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

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 4 October 2024 and were signed by:





K R Bayford - Director


K R BAYFORD HAULAGE LTD (REGISTERED NUMBER: 11366378)

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

1. STATUTORY INFORMATION

K R Bayford 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and 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.
Plant and machinery etc - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 71,000
DEPRECIATION
At 1 June 2023 14,200
Charge for year 14,200
At 31 May 2024 28,400
NET BOOK VALUE
At 31 May 2024 42,600
At 31 May 2023 56,800

K R BAYFORD HAULAGE LTD (REGISTERED NUMBER: 11366378)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,959 7,749
Other debtors 753 385
12,712 8,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 14,200 12,804
Trade creditors 3,414 939
Taxation and social security 8,648 2,566
Other creditors 10,571 10,259
36,833 26,568

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 23,917 38,117

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,094 10,792

Deferred
tax 2023
£    £   
Balance at 1 June 2023 10,792 4,698
Provided during year - 6,094
Released (2,698 ) -
Balance at 31 May 2024 8,094 10,792

9. RELATED PARTY DISCLOSURES

The company is controlled by the directors.