Registered number
04680699
S.J.F. Haulage Ltd
Filleted Accounts
29 February 2024
S.J.F. Haulage Ltd
Registered number: 04680699
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 54,450 62,064
Current assets
Debtors 4 73,366 87,856
Cash at bank and in hand 92,380 84,925
165,746 172,781
Creditors: amounts falling due within one year 5 (38,098) (40,591)
Net current assets 127,648 132,190
Total assets less current liabilities 182,098 194,254
Creditors: amounts falling due after more than one year 6 (12,686) (19,655)
Net assets 169,412 174,599
Capital and reserves
Called up share capital 2 2
Profit and loss account 169,410 174,597
Shareholders' funds 169,412 174,599
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen John Flear
Director
Approved by the board on 6 November 2024
S.J.F. Haulage Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% reducing balance
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 30,177 225,913 256,090
Additions 390 26,947 27,337
Disposals - (24,000) (24,000)
At 29 February 2024 30,567 228,860 259,427
Depreciation
At 1 March 2023 26,041 167,985 194,026
Charge for the year 232 16,719 16,951
On disposals - (6,000) (6,000)
At 29 February 2024 26,273 178,704 204,977
Net book value
At 29 February 2024 4,294 50,156 54,450
At 28 February 2023 4,136 57,928 62,064
4 Debtors 2024 2023
£ £
Trade debtors 72,707 70,154
Other debtors 659 17,702
73,366 87,856
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 14,375 11,209
Taxation and social security costs 20,951 26,680
Other creditors 2,772 2,702
38,098 40,591
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,686 19,655
7 Controlling party
During the year the company was wholly under the control of the directors.
8 Other information
S.J.F. Haulage Ltd is a private company limited by shares and incorporated in England. Its registered office is:
45 Sheaf Street
Nediab Accountants
Daventry
NN11 4AA
S.J.F. Haulage Ltd 04680699 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts April 2024 Stephen John Flear No description of principal activity 04680699 2022-03-01 2023-02-28 04680699 core:WithinOneYear 2023-02-28 04680699 core:AfterOneYear 2023-02-28 04680699 core:ShareCapital 2023-02-28 04680699 core:RetainedEarningsAccumulatedLosses 2023-02-28 04680699 2023-03-01 2024-02-29 04680699 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04680699 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 04680699 bus:Director40 2023-03-01 2024-02-29 04680699 1 2023-03-01 2024-02-29 04680699 2 2023-03-01 2024-02-29 04680699 core:PlantMachinery 2023-03-01 2024-02-29 04680699 core:Vehicles 2023-03-01 2024-02-29 04680699 countries:England 2023-03-01 2024-02-29 04680699 bus:FRS102 2023-03-01 2024-02-29 04680699 bus:FilletedAccounts 2023-03-01 2024-02-29 04680699 2024-02-29 04680699 core:WithinOneYear 2024-02-29 04680699 core:AfterOneYear 2024-02-29 04680699 core:ShareCapital 2024-02-29 04680699 core:RetainedEarningsAccumulatedLosses 2024-02-29 04680699 core:PlantMachinery 2024-02-29 04680699 core:Vehicles 2024-02-29 04680699 2023-02-28 04680699 core:PlantMachinery 2023-02-28 04680699 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure