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REGISTERED NUMBER: 04586700 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

HARGREAVES HAULAGE (COPPULL) LIMITED

HARGREAVES HAULAGE (COPPULL) LIMITED (REGISTERED NUMBER: 04586700)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARGREAVES HAULAGE (COPPULL) LIMITED

Company Information
for the Year Ended 29th February 2024







DIRECTOR: Mr A Hargreaves





SECRETARY: Mrs J Hargreaves





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 04586700 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

HARGREAVES HAULAGE (COPPULL) LIMITED (REGISTERED NUMBER: 04586700)

Balance Sheet
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 341,668 387,499

CURRENT ASSETS
Debtors 5 101,026 111,264
Cash at bank 139,792 144,289
240,818 255,553
CREDITORS
Amounts falling due within one year 6 197,144 190,034
NET CURRENT ASSETS 43,674 65,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,342

453,018

CREDITORS
Amounts falling due after more than one
year

7

(84,730

)

(149,986

)

PROVISIONS FOR LIABILITIES (64,959 ) (60,308 )
NET ASSETS 235,653 242,724

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 235,553 242,624
SHAREHOLDERS' FUNDS 235,653 242,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

HARGREAVES HAULAGE (COPPULL) LIMITED (REGISTERED NUMBER: 04586700)

Balance Sheet - continued
29th February 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 director and authorised for issue on 18th November 2024 and were signed by:





Mr A Hargreaves - Director


HARGREAVES HAULAGE (COPPULL) LIMITED (REGISTERED NUMBER: 04586700)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Hargreaves Haulage (Coppull) 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.

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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue is the value of services (net of VAT) provided to customers during the year. Revenue is recognised when the benefit of the services passes to the customers.

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

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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.

HARGREAVES HAULAGE (COPPULL) LIMITED (REGISTERED NUMBER: 04586700)

Notes to the Financial Statements - continued
for the Year Ended 29th February 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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st March 2023 93,717 537,170 630,887
Additions - 54,750 54,750
Disposals - (14,500 ) (14,500 )
At 29th February 2024 93,717 577,420 671,137
DEPRECIATION
At 1st March 2023 46,604 196,784 243,388
Charge for year 11,779 85,577 97,356
Eliminated on disposal - (11,275 ) (11,275 )
At 29th February 2024 58,383 271,086 329,469
NET BOOK VALUE
At 29th February 2024 35,334 306,334 341,668
At 28th February 2023 47,113 340,386 387,499

HARGREAVES HAULAGE (COPPULL) LIMITED (REGISTERED NUMBER: 04586700)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st March 2023 398,370
Transfer to ownership (73,000 )
At 29th February 2024 325,370
DEPRECIATION
At 1st March 2023 107,120
Charge for year 72,813
Transfer to ownership (34,932 )
At 29th February 2024 145,001
NET BOOK VALUE
At 29th February 2024 180,369
At 28th February 2023 291,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 90,584 98,550
Other debtors 1,166 1,806
Prepayments 9,276 10,908
101,026 111,264

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 8) 10,162 9,911
Hire purchase contracts (see note 9) 55,095 83,316
Trade creditors 54,542 59,844
Tax 7,158 -
Social security and other taxes 39,906 29,902
Other creditors 546 2,131
Directors' current accounts 27,160 2,480
Accrued expenses 2,575 2,450
197,144 190,034

HARGREAVES HAULAGE (COPPULL) LIMITED (REGISTERED NUMBER: 04586700)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 8) 13,946 24,107
Hire purchase contracts (see note 9) 70,784 125,879
84,730 149,986

8. LOANS

The bank loan relates to the government backed Bounce Back Loan.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
29.2.24 28.2.23
£    £   
Net obligations repayable:
Within one year 55,095 83,316
Between one and five years 70,784 125,879
125,879 209,195

Non-cancellable operating leases
29.2.24 28.2.23
£    £   
Within one year - 3,996
Between one and five years - 666
- 4,662

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 125,879 209,195

Hire purchase contracts are secured on the assets to which they relate.

11. RELATED PARTY DISCLOSURES

At the 29 February 2024, the company owed £27,160 (2023 £2,480) to its director. No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan.

12. ULTIMATE CONTROLLING PARTY

Throughout the year, Mr and Mrs A Hargreaves (director and company secretary) have controlled the company by virtue of holding majority of the issued ordinary share capital.