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REGISTERED NUMBER: 10384671 (England and Wales)











Financial Statements

for the Year Ended 29th April 2024

for

Alexander Degnen Livestock & Commercial
Haulage Ltd

Alexander Degnen Livestock & Commercial
Haulage Ltd (Registered number: 10384671)

Contents of the Financial Statements
for the Year Ended 29th April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Alexander Degnen Livestock & Commercial
Haulage Ltd

Company Information
for the Year Ended 29th April 2024







DIRECTORS: Mr AD Degnen
Miss SA Stuart





SECRETARY: Miss SA Stuart





REGISTERED OFFICE: C/O Towers + Gornall Ltd
River View, 96 High Street
Garstang
Preston
Lancashire
PR3 1WZ





REGISTERED NUMBER: 10384671 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Alexander Degnen Livestock & Commercial
Haulage Ltd (Registered number: 10384671)

Balance Sheet
29th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 439,850 310,460

CURRENT ASSETS
Debtors 5 177,345 79,662

CREDITORS
Amounts falling due within one year 6 326,590 246,210
NET CURRENT LIABILITIES (149,245 ) (166,548 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,605

143,912

CREDITORS
Amounts falling due after more than one
year

7

(128,881

)

(85,689

)

PROVISIONS FOR LIABILITIES (109,963 ) (58,987 )
NET ASSETS/(LIABILITIES) 51,761 (764 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 51,561 (964 )
51,761 (764 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29th January 2025 and were signed on its behalf by:





Miss SA Stuart - Director


Alexander Degnen Livestock & Commercial
Haulage Ltd (Registered number: 10384671)

Notes to the Financial Statements
for the Year Ended 29th April 2024


1. STATUTORY INFORMATION

Alexander Degnen Livestock & Commercial Haulage Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Alexander Degnen Livestock & Commercial
Haulage Ltd (Registered number: 10384671)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30th April 2023 486,834
Additions 203,629
At 29th April 2024 690,463
DEPRECIATION
At 30th April 2023 176,374
Charge for year 74,239
At 29th April 2024 250,613
NET BOOK VALUE
At 29th April 2024 439,850
At 29th April 2023 310,460

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,984 31,443
Other debtors 120,361 48,219
177,345 79,662

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,289 20,240
Hire purchase contracts 99,532 42,445
Trade creditors 1,800 8,775
Taxation and social security 151,969 77,273
Other creditors 48,000 97,477
326,590 246,210

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,391 22,320
Hire purchase contracts 116,490 63,369
128,881 85,689

Alexander Degnen Livestock & Commercial
Haulage Ltd (Registered number: 10384671)

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


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29th April 2024 and 29th April 2023:

2024 2023
£    £   
Mr AD Degnen and Miss SA Stuart
Balance outstanding at start of year 41,470 42,430
Amounts advanced 70,985 -
Amounts repaid - (960 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 112,455 41,470

The directors had an overdrawn loan account of £112,455 at the year end, compared to £41,470 at the end of the last financial year.

S445 tax was paid in 2023 on an overdrawn directors loan account of £41,470, so no further tax is due on this amount.

Interest has also been charged at 2.5% on the £70,985 withdrawn.