SEWELL'S HAULAGE LIMITED

Company Registration Number:
09432336 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

SEWELL'S HAULAGE LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

SEWELL'S HAULAGE LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 229,300 102,475
Total fixed assets: 229,300 102,475
Current assets
Debtors:   134,361 145,615
Cash at bank and in hand: 21,225 21,335
Total current assets: 155,586 166,950
Creditors: amounts falling due within one year:   (127,731) (100,540)
Net current assets (liabilities): 27,855 66,410
Total assets less current liabilities: 257,155 168,885
Creditors: amounts falling due after more than one year:   (138,306) (87,119)
Provision for liabilities: (32,257) (19,470)
Total net assets (liabilities): 86,592 62,296
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 86,591 62,295
Shareholders funds: 86,592 62,296

The notes form part of these financial statements

SEWELL'S HAULAGE LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 May 2024
and signed on behalf of the board by:

Name: David Sewell
Status: Director

The notes form part of these financial statements

SEWELL'S HAULAGE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover consists of the invoiced value (excluding VAT) receivable by the company in the ordinary course of business for goods supplied and for services supplied as a principal.

Tangible fixed assets and depreciation policy

Depreciation is calculated to write off the cost, less estimated residual values, of tangible fixed assets over their estimated useful lives to the business. Where there is evidence of impairment, fixed assets are written down to receivable amount. Any such write down would be charged to operating profit. Motor Vehicles 20.0% Reducing Balance

Other accounting policies

Deferred Taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Leased Assets Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight-line basis over the lease terms Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments. Intangible fixed assets (including purchased goodwill) are amortised at rates calculated to write off assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Pension Costs Contributions in respect of the company's defined contribution pension scheme are charged to profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid are shown as either accruals or prepayments at the year end.

SEWELL'S HAULAGE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

SEWELL'S HAULAGE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 204,986
Additions 184,150
At 28 February 2024 389,136
Depreciation
At 01 March 2023 102,511
Charge for year 57,325
At 28 February 2024 159,836
Net book value
At 28 February 2024 229,300
At 28 February 2023 102,475

SEWELL'S HAULAGE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Financial commitments

Vehicle Leases: Expiring within: 1-5 Years £8,927