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REGISTERED NUMBER: NI036674 (Northern Ireland)












TJ Hood Transport Ltd

Unaudited Financial Statements for the Year Ended 30th April 2024






TJ Hood Transport Ltd (Registered number: NI036674)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


TJ Hood Transport Ltd

Company Information
for the year ended 30th April 2024







Directors: Mr T J Hood
Mr M T Hood
Mr T A Hood (Jnr)
Mr S McKay





Registered office: 10 Pilots View
Heron Road
Belfast
BT3 9LE





Registered number: NI036674 (Northern Ireland)





Accountants: Exchange Accountants Limited
Chartered Certified Accountants
Oakmont House
2 Queens Road
Lisburn
BT27 4TZ

TJ Hood Transport Ltd (Registered number: NI036674)

Balance Sheet
30th April 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 1,547,778 1,483,734
Investments 6 60,000 60,000
1,607,778 1,543,734

Current assets
Stocks 7,500 7,500
Debtors 7 1,495,312 1,474,002
Cash at bank and in hand 807,591 374,778
2,310,403 1,856,280
Creditors
Amounts falling due within one year 8 (1,527,906 ) (1,206,883 )
Net current assets 782,497 649,397
Total assets less current liabilities 2,390,275 2,193,131

Creditors
Amounts falling due after more than one
year

9

(97,995

)

(105,290

)

Provisions for liabilities (408,177 ) (293,908 )
Net assets 1,884,103 1,793,933

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 1,883,103 1,792,933
1,884,103 1,793,933

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

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

TJ Hood Transport Ltd (Registered number: NI036674)

Balance Sheet - continued
30th 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 Board of Directors and authorised for issue on 20th January 2025 and were signed on its behalf by:





Mr T J Hood - Director


TJ Hood Transport Ltd (Registered number: NI036674)

Notes to the Financial Statements
for the year ended 30th April 2024

1. Statutory information

TJ Hood Transport Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

TJ Hood Transport Ltd (Registered number: NI036674)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

3. Employees and directors

The average number of employees during the year was 22 (2023 - 23 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st May 2023
and 30th April 2024 229,200
Amortisation
At 1st May 2023
and 30th April 2024 229,200
Net book value
At 30th April 2024 -
At 30th April 2023 -

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1st May 2023 2,192,611
Additions 305,316
Disposals (116,000 )
At 30th April 2024 2,381,927
Depreciation
At 1st May 2023 708,877
Charge for year 206,122
Eliminated on disposal (80,850 )
At 30th April 2024 834,149
Net book value
At 30th April 2024 1,547,778
At 30th April 2023 1,483,734

6. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investments - Motor Vehicles 60,000 60,000

TJ Hood Transport Ltd (Registered number: NI036674)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,338,507 1,168,420
Amounts owed by group undertakings - 108,497
Other debtors 156,805 197,085
1,495,312 1,474,002

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 7,943 2,818
Hire purchase contracts 108,648 5,250
Trade creditors 733,218 410,197
Amounts owed to group undertakings 413,187 435,043
Taxation and social security 115,921 (39,388 )
Other creditors 148,989 392,963
1,527,906 1,206,883

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 97,995 105,290

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
Mr T J Hood
Balance outstanding at start of year (43,806 ) (675 )
Amounts advanced 122,168 76,869
Amounts repaid (120,000 ) (120,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (41,638 ) (43,806 )

Mr M T Hood
Balance outstanding at start of year (1,249 ) (2,908 )
Amounts advanced 34,420 36,659
Amounts repaid (35,000 ) (35,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,829 ) (1,249 )

TJ Hood Transport Ltd (Registered number: NI036674)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

10. Directors' advances, credits and guarantees - continued

Mr T A Hood (Jnr)
Balance outstanding at start of year (21,172 ) (8,455 )
Amounts advanced 40,975 22,283
Amounts repaid (35,000 ) (35,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (15,197 ) (21,172 )

11. Related party disclosures

The company has cleared balance with related party TJ Hood Transport at year end to nil (2023 £108,497 credit).

The company has a credit balance with related party TJ Hood Transport (Ireland) Ltd at year end of £413,187 (2023 £435,043). This balance is included in Note 10: Creditors: Amounts falling due within one year