2023-05-012024-04-302024-04-30falseSC230925FINNIE HEAVY HAULAGE LIMITED2025-01-1549410falseiso4217:GBPxbrli:pureSC2309252023-05-01SC2309252024-04-30SC2309252023-05-012024-04-30SC2309252022-05-01SC2309252023-04-30SC2309252022-05-012023-04-30SC230925bus:SmallEntities2023-05-012024-04-30SC230925bus:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC230925bus:FullAccounts2023-05-012024-04-30SC230925bus:PrivateLimitedCompanyLtd2023-05-012024-04-30SC230925core:WithinOneYear2024-04-30SC230925core:AfterOneYear2024-04-30SC230925core:WithinOneYear2023-04-30SC230925core:AfterOneYear2023-04-30SC230925core:ShareCapital2024-04-30SC230925core:SharePremium2024-04-30SC230925core:RevaluationReserve2024-04-30SC230925core:OtherReservesSubtotal2024-04-30SC230925core:RetainedEarningsAccumulatedLosses2024-04-30SC230925core:ShareCapital2023-04-30SC230925core:SharePremium2023-04-30SC230925core:RevaluationReserve2023-04-30SC230925core:OtherReservesSubtotal2023-04-30SC230925core:RetainedEarningsAccumulatedLosses2023-04-30SC230925core:LandBuildings2024-04-30SC230925core:PlantMachinery2024-04-30SC230925core:Vehicles2024-04-30SC230925core:FurnitureFittings2024-04-30SC230925core:OfficeEquipment2024-04-30SC230925core:NetGoodwill2024-04-30SC230925core:IntangibleAssetsOtherThanGoodwill2024-04-30SC230925core:ListedExchangeTraded2024-04-30SC230925core:UnlistedNon-exchangeTraded2024-04-30SC230925core:LandBuildings2023-04-30SC230925core:PlantMachinery2023-04-30SC230925core:Vehicles2023-04-30SC230925core:FurnitureFittings2023-04-30SC230925core:OfficeEquipment2023-04-30SC230925core:NetGoodwill2023-04-30SC230925core:IntangibleAssetsOtherThanGoodwill2023-04-30SC230925core:ListedExchangeTraded2023-04-30SC230925core:UnlistedNon-exchangeTraded2023-04-30SC230925core:LandBuildings2023-05-012024-04-30SC230925core:PlantMachinery2023-05-012024-04-30SC230925core:Vehicles2023-05-012024-04-30SC230925core:FurnitureFittings2023-05-012024-04-30SC230925core:OfficeEquipment2023-05-012024-04-30SC230925core:NetGoodwill2023-05-012024-04-30SC230925core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC230925core:ListedExchangeTraded2023-05-012024-04-30SC230925core:UnlistedNon-exchangeTraded2023-05-012024-04-30SC230925core:MoreThanFiveYears2023-05-012024-04-30SC230925core:Non-currentFinancialInstruments2024-04-30SC230925core:Non-currentFinancialInstruments2023-04-30SC230925dpl:CostSales2023-05-012024-04-30SC230925dpl:DistributionCosts2023-05-012024-04-30SC230925core:LandBuildings2023-05-012024-04-30SC230925core:PlantMachinery2023-05-012024-04-30SC230925core:Vehicles2023-05-012024-04-30SC230925core:FurnitureFittings2023-05-012024-04-30SC230925core:OfficeEquipment2023-05-012024-04-30SC230925dpl:AdministrativeExpenses2023-05-012024-04-30SC230925core:NetGoodwill2023-05-012024-04-30SC230925core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC230925dpl:GroupUndertakings2023-05-012024-04-30SC230925dpl:ParticipatingInterests2023-05-012024-04-30SC230925dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-012024-04-30SC230925core:ListedExchangeTraded2023-05-012024-04-30SC230925dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-012024-04-30SC230925core:UnlistedNon-exchangeTraded2023-05-012024-04-30SC230925dpl:CostSales2022-05-012023-04-30SC230925dpl:DistributionCosts2022-05-012023-04-30SC230925core:LandBuildings2022-05-012023-04-30SC230925core:PlantMachinery2022-05-012023-04-30SC230925core:Vehicles2022-05-012023-04-30SC230925core:FurnitureFittings2022-05-012023-04-30SC230925core:OfficeEquipment2022-05-012023-04-30SC230925dpl:AdministrativeExpenses2022-05-012023-04-30SC230925core:NetGoodwill2022-05-012023-04-30SC230925core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-30SC230925dpl:GroupUndertakings2022-05-012023-04-30SC230925dpl:ParticipatingInterests2022-05-012023-04-30SC230925dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-012023-04-30SC230925core:ListedExchangeTraded2022-05-012023-04-30SC230925dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-012023-04-30SC230925core:UnlistedNon-exchangeTraded2022-05-012023-04-30SC230925core:NetGoodwill2024-04-30SC230925core:IntangibleAssetsOtherThanGoodwill2024-04-30SC230925core:LandBuildings2024-04-30SC230925core:PlantMachinery2024-04-30SC230925core:Vehicles2024-04-30SC230925core:FurnitureFittings2024-04-30SC230925core:OfficeEquipment2024-04-30SC230925core:AfterOneYear2024-04-30SC230925core:WithinOneYear2024-04-30SC230925core:ListedExchangeTraded2024-04-30SC230925core:UnlistedNon-exchangeTraded2024-04-30SC230925core:ShareCapital2024-04-30SC230925core:SharePremium2024-04-30SC230925core:RevaluationReserve2024-04-30SC230925core:OtherReservesSubtotal2024-04-30SC230925core:RetainedEarningsAccumulatedLosses2024-04-30SC230925core:NetGoodwill2023-04-30SC230925core:IntangibleAssetsOtherThanGoodwill2023-04-30SC230925core:LandBuildings2023-04-30SC230925core:PlantMachinery2023-04-30SC230925core:Vehicles2023-04-30SC230925core:FurnitureFittings2023-04-30SC230925core:OfficeEquipment2023-04-30SC230925core:AfterOneYear2023-04-30SC230925core:WithinOneYear2023-04-30SC230925core:ListedExchangeTraded2023-04-30SC230925core:UnlistedNon-exchangeTraded2023-04-30SC230925core:ShareCapital2023-04-30SC230925core:SharePremium2023-04-30SC230925core:RevaluationReserve2023-04-30SC230925core:OtherReservesSubtotal2023-04-30SC230925core:RetainedEarningsAccumulatedLosses2023-04-30SC230925core:NetGoodwill2022-05-01SC230925core:IntangibleAssetsOtherThanGoodwill2022-05-01SC230925core:LandBuildings2022-05-01SC230925core:PlantMachinery2022-05-01SC230925core:Vehicles2022-05-01SC230925core:FurnitureFittings2022-05-01SC230925core:OfficeEquipment2022-05-01SC230925core:AfterOneYear2022-05-01SC230925core:WithinOneYear2022-05-01SC230925core:ListedExchangeTraded2022-05-01SC230925core:UnlistedNon-exchangeTraded2022-05-01SC230925core:ShareCapital2022-05-01SC230925core:SharePremium2022-05-01SC230925core:RevaluationReserve2022-05-01SC230925core:OtherReservesSubtotal2022-05-01SC230925core:RetainedEarningsAccumulatedLosses2022-05-01SC230925core:AfterOneYear2023-05-012024-04-30SC230925core:WithinOneYear2023-05-012024-04-30SC230925core:Non-currentFinancialInstrumentscore:CostValuation2023-05-012024-04-30SC230925core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-012024-04-30SC230925core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-012024-04-30SC230925core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-012024-04-30SC230925core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-012024-04-30SC230925core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-012024-04-30SC230925core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-012024-04-30SC230925core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-012024-04-30SC230925core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-012024-04-30SC230925core:Non-currentFinancialInstrumentscore:CostValuation2024-04-30SC230925core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-04-30SC230925core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-04-30SC230925core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-04-30SC230925core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-30SC230925core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-04-30SC230925core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-04-30SC230925core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-04-30SC230925core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-04-30SC230925core:Non-currentFinancialInstrumentscore:CostValuation2023-04-30SC230925core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-30SC230925core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-30SC230925core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-30SC230925core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-30SC230925core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-30SC230925core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-30SC230925core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-30SC230925core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-30SC230925bus:Director12023-05-012024-04-30SC230925bus:Director22023-05-012024-04-30SC230925core:FurnitureFittingsToolsEquipment2023-04-30SC230925core:FurnitureFittingsToolsEquipment2023-05-012024-04-30SC230925core:FurnitureFittingsToolsEquipment2024-04-30SC2309251bus:Director12023-05-01SC2309251bus:Director12023-05-012024-04-30SC2309251bus:Director12024-04-30SC2309252bus:Director22023-05-01SC2309252bus:Director22023-05-012024-04-30SC2309252bus:Director22024-04-30SC2309252023-05-01SC2309252023-05-012024-04-30SC2309252024-04-30

FINNIE HEAVY HAULAGE LIMITED

Registered Number
SC230925
(Scotland)

Unaudited Financial Statements for the Year ended
30 April 2024

FINNIE HEAVY HAULAGE LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

FINNIE, Alan Thomas
FINNIE, Ruth Elizabeth

Company Secretary

FINNIE, Ruth Elizabeth

Registered Address

51 Rae Street
Dumfries
DG1 1JD

Registered Number

SC230925 (Scotland)
FINNIE HEAVY HAULAGE LIMITED
Statement of Financial Position
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,381,9651,046,770
1,381,9651,046,770
Current assets
Debtors41,796,849476,532
Cash at bank and on hand653,6761,441,664
2,450,5251,918,196
Creditors amounts falling due within one year5(870,858)(577,841)
Net current assets (liabilities)1,579,6671,340,355
Total assets less current liabilities2,961,6322,387,125
Creditors amounts falling due after one year6(170,592)(110,996)
Provisions for liabilities8(230,800)(161,800)
Net assets2,560,2402,114,329
Capital and reserves
Called up share capital44
Profit and loss account2,560,2362,114,325
Shareholders' funds2,560,2402,114,329
The financial statements were approved and authorised for issue by the Board of Directors on 15 January 2025, and are signed on its behalf by:
FINNIE, Alan Thomas
Director
Registered Company No. SC230925
FINNIE HEAVY HAULAGE LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 rendering of services. 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.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Reducing balance (%)
Plant and machinery15
Fixtures and fittings25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Trade and other 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.
Trade and other 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.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 May 23381,568966,9118,7575,5261,362,762
Additions60,346503,2941,293697565,630
Disposals-(166,414)--(166,414)
At 30 April 24441,9141,303,79110,0506,2231,761,978
Depreciation and impairment
At 01 May 23-306,0995,9633,930315,992
Charge for year-125,149925472126,546
On disposals-(62,525)--(62,525)
At 30 April 24-368,7236,8884,402380,013
Net book value
At 30 April 24441,914935,0683,1621,8211,381,965
At 30 April 23381,568660,8122,7941,5961,046,770
The net book value of plant and machinery held under finance lease or hire purchase contracts included above is £418,404 (2023 £196,492). The amounts shown in Land and buildings represents Tenants' Improvements.
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables520,495430,904
Other debtors1,270,50940,696
Prepayments and accrued income5,8454,932
Total1,796,849476,532
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables284,646466,118
Bank borrowings and overdrafts10,00010,000
Taxation and social security442,74519,435
Finance lease and HP contracts132,13271,767
Other creditors1779,436
Accrued liabilities and deferred income1,1581,085
Total870,858577,841
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,87720,833
Other creditors159,71590,163
Total170,592110,996
Finance lease and HP contracts equal to £159,715 (2023 - £90,163) are included within other creditors and are secured against the assets to which they relate.
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts159,71490,162
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)230,800161,800
Total230,800161,800
9.Other commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to £177 ( 2023- £84).
10.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
FINNIE, Alan Thomas0508,70435,000473,704
FINNIE, Ruth Elizabeth0508,70435,000473,704
01,017,40870,000947,408
During the year the directors were advanced £1,017,408 and repaid £70,000. At 30 April 2024 the Directors owed the Company £947,408. Interest equal to £19,920 was charged on this loan at the HMRC official rate.