Company Registration No. 04764483 (England and Wales)
TIM RUTTER (HAULAGE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
TIM RUTTER (HAULAGE) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
TIM RUTTER (HAULAGE) LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
903,715
676,552
Current assets
Stocks
20,850
21,250
Debtors
4
344,857
326,459
Cash at bank and in hand
93,320
183,091
459,027
530,800
Creditors: amounts falling due within one year
5
(460,169)
(438,152)
Net current (liabilities)/assets
(1,142)
92,648
Total assets less current liabilities
902,573
769,200
Creditors: amounts falling due after more than one year
6
(159,674)
(32,292)
Provisions for liabilities
(130,386)
(128,545)
Net assets
612,513
608,363
Capital and reserves
Called up share capital
7
400
400
Profit and loss reserves
612,113
607,963
Total equity
612,513
608,363
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
TIM RUTTER (HAULAGE) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 10 January 2025 and are signed on its behalf by:
Mr TE Rutter
Director
Company Registration No. 04764483
TIM RUTTER (HAULAGE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information
Tim Rutter (Haulage) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pankeymoor Barns, Shrewsbury Road, Wem, Shrewsbury, SY4 5PB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
20% per annum on written down value
Lorries & tractor units
25% per annum on written down value
Other motor vehicles
25% per annum on written down value
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
TIM RUTTER (HAULAGE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
15
14
3
Tangible fixed assets
Plant and machinery
Lorries & tractor units
Other motor vehicles
Total
£
£
£
£
Cost
At 1 September 2023
556,003
774,518
33,572
1,364,093
Additions
59,100
421,723
480,823
Disposals
(219,208)
(219,208)
At 31 August 2024
615,103
977,033
33,572
1,625,708
Depreciation and impairment
At 1 September 2023
312,417
352,130
22,994
687,541
Depreciation charged in the year
58,567
115,816
2,645
177,028
Eliminated in respect of disposals
(142,576)
(142,576)
At 31 August 2024
370,984
325,370
25,639
721,993
Carrying amount
At 31 August 2024
244,119
651,663
7,933
903,715
At 31 August 2023
243,586
422,388
10,578
676,552
TIM RUTTER (HAULAGE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
301,952
325,959
Other debtors
42,905
500
344,857
326,459
5
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
151,292
116,077
Trade creditors
179,283
186,827
Taxation and social security
116,969
108,526
Other creditors
9,350
23,447
Accruals and deferred income
3,275
3,275
460,169
438,152
6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Obligations under finance leases
159,674
32,292
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
A Ordinary shares of £1 each
100
100
100
100
B Ordinary Shares of £1 each
100
100
100
100
C Ordinary Shares of £1 each
100
100
100
100
400
400
400
400