IRIS Accounts Production v24.3.2.46 03505052 director 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035050522023-04-30035050522024-04-30035050522023-05-012024-04-30035050522022-04-30035050522022-05-012023-04-30035050522023-04-3003505052ns15:EnglandWales2023-05-012024-04-3003505052ns14:PoundSterling2023-05-012024-04-3003505052ns10:Director12023-05-012024-04-3003505052ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003505052ns10:SmallEntities2023-05-012024-04-3003505052ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003505052ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003505052ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003505052ns10:FullAccounts2023-05-012024-04-3003505052ns10:RegisteredOffice2023-05-012024-04-3003505052ns5:CurrentFinancialInstruments2024-04-3003505052ns5:CurrentFinancialInstruments2023-04-3003505052ns5:ShareCapital2024-04-3003505052ns5:ShareCapital2023-04-3003505052ns5:CapitalRedemptionReserve2024-04-3003505052ns5:CapitalRedemptionReserve2023-04-3003505052ns5:RetainedEarningsAccumulatedLosses2024-04-3003505052ns5:RetainedEarningsAccumulatedLosses2023-04-3003505052ns5:PlantMachinery2023-05-012024-04-3003505052ns5:PlantMachinery2023-04-3003505052ns5:PlantMachinery2024-04-3003505052ns5:PlantMachinery2023-04-3003505052ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3003505052ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 03505052 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

HAIRSINE TRAILERS LTD

HAIRSINE TRAILERS LTD (REGISTERED NUMBER: 03505052)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAIRSINE TRAILERS LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: P Hairsine





REGISTERED OFFICE: Tower House Lane
Hedon Road
Hull
HU12 8EE





REGISTERED NUMBER: 03505052 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

HAIRSINE TRAILERS LTD (REGISTERED NUMBER: 03505052)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,979 42,536

CURRENT ASSETS
Stocks 28,150 28,850
Debtors 5 233,109 225,493
Cash at bank 18,498 64,391
279,757 318,734
CREDITORS
Amounts falling due within one year 6 238,263 224,851
NET CURRENT ASSETS 41,494 93,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,473

136,419

PROVISIONS FOR LIABILITIES 15,369 8,573
NET ASSETS 89,104 127,846

CAPITAL AND RESERVES
Called up share capital 11,000 11,000
Capital redemption reserve 50 50
Retained earnings 78,054 116,796
SHAREHOLDERS' FUNDS 89,104 127,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

HAIRSINE TRAILERS LTD (REGISTERED NUMBER: 03505052)

BALANCE SHEET - continued
30 April 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 22 January 2025 and were signed by:





P Hairsine - Director


HAIRSINE TRAILERS LTD (REGISTERED NUMBER: 03505052)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Hairsine Trailers Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Tower House Lane, Hedon Road, Hull, HU12 8EE.

The principal activity of the company is railer repairs for the haulage industry.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the service, have been transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on a reducing balance basis

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.


HAIRSINE TRAILERS LTD (REGISTERED NUMBER: 03505052)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 151,241
Additions 35,297
Disposals (8,912 )
At 30 April 2024 177,626
DEPRECIATION
At 1 May 2023 108,705
Charge for year 13,565
Eliminated on disposal (7,623 )
At 30 April 2024 114,647
NET BOOK VALUE
At 30 April 2024 62,979
At 30 April 2023 42,536

HAIRSINE TRAILERS LTD (REGISTERED NUMBER: 03505052)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 233,109 225,493

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 68,020 75,625
Amounts owed to group undertakings 129,414 84,204
Taxation and social security 34,009 58,227
Other creditors 6,820 6,795
238,263 224,851