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REGISTERED NUMBER: 13043384 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

T. Georgeson Haulage Ltd

T. Georgeson Haulage Ltd (Registered number: 13043384)






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


T. Georgeson Haulage Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J Georgeson
T Georgeson





REGISTERED OFFICE: Mawgan Cottage
Wigan Lane
Duxbury
Chorley
Lancashire
PR7 4BY





REGISTERED NUMBER: 13043384 (England and Wales)





ACCOUNTANTS: Harding & Humphries
5 Victoria Buildings
Victoria Road
Freshfield
Liverpool
Merseyside
L37 7DB

T. Georgeson Haulage Ltd (Registered number: 13043384)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 436,785 259,418

CURRENT ASSETS
Debtors 5 819,213 531,757
Cash at bank 579,489 569,454
1,398,702 1,101,211
CREDITORS
Amounts falling due within one year 6 754,359 717,818
NET CURRENT ASSETS 644,343 383,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,081,128

642,811

CREDITORS
Amounts falling due after more than one
year

7

-

(39,732

)

PROVISIONS FOR LIABILITIES 9 (109,196 ) (63,495 )
NET ASSETS 971,932 539,584

CAPITAL AND RESERVES
Called up share capital 10 12 12
Retained earnings 971,920 539,572
SHAREHOLDERS' FUNDS 971,932 539,584

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.

T. Georgeson Haulage Ltd (Registered number: 13043384)

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 21 November 2024 and were signed on its behalf by:




Mrs J Georgeson - Director



T Georgeson - Director


T. Georgeson Haulage Ltd (Registered number: 13043384)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

T. Georgeson 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, 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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
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 12 (2023 - 12 ) .

T. Georgeson Haulage Ltd (Registered number: 13043384)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 8,621 431,402 1,502 441,525
Additions 1,716 337,579 - 339,295
Disposals - (19,045 ) - (19,045 )
At 31 March 2024 10,337 749,936 1,502 761,775
DEPRECIATION
At 1 April 2023 3,563 178,049 495 182,107
Charge for year 1,694 149,267 252 151,213
Eliminated on disposal - (8,330 ) - (8,330 )
At 31 March 2024 5,257 318,986 747 324,990
NET BOOK VALUE
At 31 March 2024 5,080 430,950 755 436,785
At 31 March 2023 5,058 253,353 1,007 259,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 806,880 519,997
Other debtors 12,333 11,760
819,213 531,757

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 47,232 39,633
Trade creditors 131,333 87,671
Taxation and social security 132,893 132,976
Other creditors 442,901 457,538
754,359 717,818

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 32,232
Other creditors - 7,500
- 39,732

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 25,609 -
Between one and five years 102,435 -
128,044 -

T. Georgeson Haulage Ltd (Registered number: 13043384)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS - continued

The company has a premises lease for 5 years at a cost of £5,000 per quarter, with a regular maintenance charge of £1,402 per quarter.

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 109,196 63,495

Deferred
tax
£   
Balance at 1 April 2023 63,495
Provided during year 45,701
Balance at 31 March 2024 109,196

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
12 Ordinary £1 12 12