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REGISTERED NUMBER: 03409290 (England and Wales)















West Coast Haulage Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






West Coast Haulage Limited (Registered number: 03409290)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


West Coast Haulage Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: D M Sexton





SECRETARY: A Henderson





REGISTERED OFFICE: Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR





REGISTERED NUMBER: 03409290 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

West Coast Haulage Limited (Registered number: 03409290)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,820,621 9,515,320

CURRENT ASSETS
Debtors 6 1,610,701 1,988,221
Cash at bank 3,732,071 2,088,672
5,342,772 4,076,893
CREDITORS
Amounts falling due within one year 7 5,928,066 6,438,313
NET CURRENT LIABILITIES (585,294 ) (2,361,420 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,235,327

7,153,900

CREDITORS
Amounts falling due after more than one year 8 (47,550 ) (1,981,571 )

PROVISIONS FOR LIABILITIES 10 (1,507,388 ) (1,131,512 )
NET ASSETS 4,680,389 4,040,817

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,680,289 4,040,717
SHAREHOLDERS' FUNDS 4,680,389 4,040,817

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

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

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 29 November 2024 and were signed by:





D M Sexton - Director


West Coast Haulage Limited (Registered number: 03409290)

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

1. STATUTORY INFORMATION

West Coast 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 transactions
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.

Revenue recognition
Turnover is measured a the fair value of the consideration received or receivable and measures the amount receivable for services supplied, net of returns, discounts and rebates allowed by the company and value added tax.

Revenue is recognised in the accounting period in which the services are rendered.

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.
Short leasehold - the period of the lease
Improvements to leasehold prop erty - 20% on reducing balance
Plant and machinery - 25% on reducing balance and 20% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost include the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


West Coast Haulage Limited (Registered number: 03409290)

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

3. 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.

Operating leased assets
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Lease premiums paid, are held under short leasehold and amortised over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Improvements
to
Short leasehold Plant and
leasehold prop erty machinery
£    £    £   
COST
At 1 March 2023 2,700,000 1,808,234 1,410,181
Additions - - 116,604
Disposals - - (401,989 )
At 29 February 2024 2,700,000 1,808,234 1,124,796
DEPRECIATION
At 1 March 2023 1,105,000 861,527 672,695
Charge for year 540,000 189,342 140,029
Eliminated on disposal - - (167,338 )
At 29 February 2024 1,645,000 1,050,869 645,386
NET BOOK VALUE
At 29 February 2024 1,055,000 757,365 479,410
At 28 February 2023 1,595,000 946,707 737,486

West Coast Haulage Limited (Registered number: 03409290)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2023 109,699 9,339,408 15,367,522
Additions - 737,301 853,905
Disposals - (1,517,119 ) (1,919,108 )
At 29 February 2024 109,699 8,559,590 14,302,319
DEPRECIATION
At 1 March 2023 91,955 3,121,025 5,852,202
Charge for year 4,436 1,470,066 2,343,873
Eliminated on disposal - (547,039 ) (714,377 )
At 29 February 2024 96,391 4,044,052 7,481,698
NET BOOK VALUE
At 29 February 2024 13,308 4,515,538 6,820,621
At 28 February 2023 17,744 6,218,383 9,515,320

All motor vehicles are hired out on short term operating leases.

The net book value of tangible fixed assets includes £3,741,454 (2023 - £5,973,918) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,479,842 1,866,229
Other debtors 130,859 121,992
1,610,701 1,988,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 1,604,322 2,375,663
Trade creditors 132,115 125,294
Amounts owed to group undertakings 3,389,013 3,139,013
Taxation and social security 297,548 292,222
Other creditors 505,068 506,121
5,928,066 6,438,313

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 47,550 1,981,571

West Coast Haulage Limited (Registered number: 03409290)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 1,651,872 4,357,234

Finance lease and hire purchase liabilities are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 1,507,388 1,131,512

Deferred
tax
£   
Balance at 1 March 2023 1,131,512
Provided during year 375,876
Rate change
Balance at 29 February 2024 1,507,388

11. RELATED PARTY DISCLOSURES

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.