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REGISTERED NUMBER: 04652394 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

S R HARRADINE HAULAGE LIMITED

S R HARRADINE HAULAGE LIMITED (REGISTERED NUMBER: 04652394)






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


S R HARRADINE HAULAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S R Harradine
J H Harradine





REGISTERED OFFICE: The Office
Harradines Yard
Short Drove
Earith
Cambridgeshire
PE28 3QT





REGISTERED NUMBER: 04652394 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

S R HARRADINE HAULAGE LIMITED (REGISTERED NUMBER: 04652394)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,138,306 1,131,984

CURRENT ASSETS
Stocks 2,261 2,417
Debtors 6 1,030,319 1,059,380
Cash at bank and in hand 400,553 315,964
1,433,133 1,377,761
CREDITORS
Amounts falling due within one year 7 (915,200 ) (718,000 )
NET CURRENT ASSETS 517,933 659,761
TOTAL ASSETS LESS CURRENT LIABILITIES 1,656,239 1,791,745

CREDITORS
Amounts falling due after more than one
year

8

(39,731

)

(56,484

)

PROVISIONS FOR LIABILITIES 10 (154,312 ) (175,814 )
NET ASSETS 1,462,196 1,559,447

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 1,462,194 1,559,445
SHAREHOLDERS' FUNDS 1,462,196 1,559,447

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.

S R HARRADINE HAULAGE LIMITED (REGISTERED NUMBER: 04652394)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:




S R Harradine - Director



J H Harradine - Director


S R HARRADINE HAULAGE LIMITED (REGISTERED NUMBER: 04652394)

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

1. STATUTORY INFORMATION

S R Harradine 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office 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.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


S R HARRADINE HAULAGE LIMITED (REGISTERED NUMBER: 04652394)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of material 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 31 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 139,306 3,519,573 5,113
Additions - 320,089 -
Disposals - (14,594 ) -
At 31 March 2024 139,306 3,825,068 5,113
DEPRECIATION
At 1 April 2023 46,001 2,586,526 2,545
Charge for year 9,287 280,504 642
Eliminated on disposal - (12,985 ) -
At 31 March 2024 55,288 2,854,045 3,187
NET BOOK VALUE
At 31 March 2024 84,018 971,023 1,926
At 31 March 2023 93,305 933,047 2,568

S R HARRADINE HAULAGE LIMITED (REGISTERED NUMBER: 04652394)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 208,728 43,642 3,916,362
Additions - 6,466 326,555
Disposals (23,358 ) - (37,952 )
At 31 March 2024 185,370 50,108 4,204,965
DEPRECIATION
At 1 April 2023 116,898 32,408 2,784,378
Charge for year 22,373 3,480 316,286
Eliminated on disposal (21,020 ) - (34,005 )
At 31 March 2024 118,251 35,888 3,066,659
NET BOOK VALUE
At 31 March 2024 67,119 14,220 1,138,306
At 31 March 2023 91,830 11,234 1,131,984

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 238,700
Additions 201,107
At 31 March 2024 439,807
DEPRECIATION
At 1 April 2023 19,892
Charge for year 84,030
At 31 March 2024 103,922
NET BOOK VALUE
At 31 March 2024 335,885
At 31 March 2023 218,808

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 968,564 1,017,433
Other debtors 61,755 41,947
1,030,319 1,059,380

S R HARRADINE HAULAGE LIMITED (REGISTERED NUMBER: 04652394)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 105,682 79,134
Payments on account 85 11,521
Trade creditors 682,903 378,727
Amounts owed to group undertakings - 120,236
Taxation and social security 126,380 128,382
Other creditors 150 -
915,200 718,000

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 39,731 56,484

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 145,413 135,618

Liabilities held under hire purchase agreements are secured against the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 154,312 175,814

Deferred
tax
£   
Balance at 1 April 2023 175,814
Movement in the year (21,502 )
Balance at 31 March 2024 154,312

Capital allowances are recognised in respect of the excess of capital allowances over depreciation.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

S R HARRADINE HAULAGE LIMITED (REGISTERED NUMBER: 04652394)

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

12. OTHER FINANCIAL COMMITMENTS

The company has commitments due under operating lease commitments amounting to £103,500 in respect of the company's commercial premises.

13. RELATED PARTY DISCLOSURES

Included within other creditors under amounts due to group undertakings is a balance of £nil (2023: £120,236) This balance is repayable on demand and interest free.