BrightAccountsProduction v1.0.0 v1.0.0 2023-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is haulage and sale of timber. 27 January 2025 5 5 NI668347 2024-06-30 NI668347 2023-06-30 NI668347 2022-06-30 NI668347 2023-07-01 2024-06-30 NI668347 2022-07-01 2023-06-30 NI668347 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI668347 uk-curr:PoundSterling 2023-07-01 2024-06-30 NI668347 uk-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI668347 uk-bus:FullAccounts 2023-07-01 2024-06-30 NI668347 uk-core:ShareCapital 2024-06-30 NI668347 uk-core:ShareCapital 2023-06-30 NI668347 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI668347 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI668347 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-06-30 NI668347 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI668347 uk-bus:FRS102 2023-07-01 2024-06-30 NI668347 uk-core:Goodwill 2023-07-01 2024-06-30 NI668347 uk-core:PlantMachinery 2023-07-01 2024-06-30 NI668347 uk-core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 NI668347 uk-core:MotorVehicles 2023-07-01 2024-06-30 NI668347 uk-core:Goodwill 2023-06-30 NI668347 uk-core:Goodwill 2024-06-30 NI668347 uk-core:CurrentFinancialInstruments 2024-06-30 NI668347 uk-core:CurrentFinancialInstruments 2023-06-30 NI668347 uk-core:WithinOneYear 2024-06-30 NI668347 uk-core:WithinOneYear 2023-06-30 NI668347 uk-core:WithinOneYear 2024-06-30 NI668347 uk-core:WithinOneYear 2023-06-30 NI668347 uk-core:AfterOneYear 2024-06-30 NI668347 uk-core:AfterOneYear 2023-06-30 NI668347 uk-core:AfterOneYear 2024-06-30 NI668347 uk-core:AfterOneYear 2023-06-30 NI668347 uk-core:BetweenOneFiveYears 2024-06-30 NI668347 uk-core:BetweenOneFiveYears 2023-06-30 NI668347 uk-core:EmployeeBenefits 2023-06-30 NI668347 uk-core:EmployeeBenefits 2023-07-01 2024-06-30 NI668347 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-06-30 NI668347 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-06-30 NI668347 uk-core:OtherDeferredTax 2024-06-30 NI668347 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-06-30 NI668347 uk-core:EmployeeBenefits 2024-06-30 NI668347 2023-07-01 2024-06-30 NI668347 uk-bus:Director1 2023-07-01 2024-06-30 NI668347 uk-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI668347
 
 
Ronan Travers Haulage Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 June 2024
Ronan Travers Haulage Ltd
Company Registration Number: NI668347
BALANCE SHEET
as at 30 June 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 2,460 4,920
Tangible assets 5 397,467 337,647
───────── ─────────
Fixed Assets 399,927 342,567
───────── ─────────
 
Current Assets
Debtors 6 252,240 123,905
Cash and cash equivalents 148,928 70,764
───────── ─────────
401,168 194,669
───────── ─────────
Creditors: amounts falling due within one year 7 (302,043) (188,526)
───────── ─────────
Net Current Assets 99,125 6,143
───────── ─────────
Total Assets less Current Liabilities 499,052 348,710
 
Creditors:
amounts falling due after more than one year 8 (337,145) (291,747)
 
Provisions for liabilities 10 (92,875) (43,148)
───────── ─────────
Net Assets 69,032 13,815
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 68,932 13,715
───────── ─────────
Equity attributable to owners of the company 69,032 13,815
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 27 January 2025
           
           
________________________________          
Mr. Ronan Travers          
Director          
           



Ronan Travers Haulage Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2024

   
1. General Information
 
Ronan Travers Haulage Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI668347. The registered office of the company is 8 Harpur Road, Omagh, Co Tyrone, BT78 5BY, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is haulage and sale of timber. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 June 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was;
 
  2024 2023
  Number Number
 
Employees 5 5
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 July 2023 12,300 12,300
  ───────── ─────────
 
At 30 June 2024 12,300 12,300
  ───────── ─────────
Amortisation
At 1 July 2023 7,380 7,380
Charge for financial year 2,460 2,460
  ───────── ─────────
At 30 June 2024 9,840 9,840
  ───────── ─────────
Net book value
At 30 June 2024 2,460 2,460
  ═════════ ═════════
At 30 June 2023 4,920 4,920
  ═════════ ═════════
           
5. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 July 2023 524,509 787 - 525,296
Additions 165,864 - 59,525 225,389
Disposals (112,423) - - (112,423)
  ───────── ───────── ───────── ─────────
At 30 June 2024 577,950 787 59,525 638,262
  ───────── ───────── ───────── ─────────
Depreciation
At 1 July 2023 187,265 384 - 187,649
Charge for the financial year 87,382 81 11,905 99,368
On disposals (46,222) - - (46,222)
  ───────── ───────── ───────── ─────────
At 30 June 2024 228,425 465 11,905 240,795
  ───────── ───────── ───────── ─────────
Net book value
At 30 June 2024 349,525 322 47,620 397,467
  ═════════ ═════════ ═════════ ═════════
At 30 June 2023 337,244 403 - 337,647
  ═════════ ═════════ ═════════ ═════════
           
5.1. Tangible assets continued
 
Included above are assets held under finance leases or hire purchase contracts as follows:
 
  2024   2023  
  Net Depreciation Net Depreciation
  book value charge book value charge
  £ £ £ £
 
Plant and machinery 271,635 67,909 269,380 67,345
Motor vehicles 47,620 11,905 - -
  ───────── ───────── ───────── ─────────
  319,255 79,814 269,380 67,345
  ═════════ ═════════ ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 185,163 107,278
Other debtors 55,000 -
Taxation  (Note 9) 12,077 16,627
  ───────── ─────────
  252,240 123,905
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Net obligations under finance leases
and hire purchase contracts 122,082 83,610
Trade creditors 148,506 79,091
Taxation  (Note 9) 26,701 19,723
Other creditors 1,394 4,567
Accruals:
Pension accrual 130 135
Other accruals 3,230 1,400
  ───────── ─────────
  302,043 188,526
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Finance leases and hire purchase contracts 155,033 126,451
Director's loan accounts 182,112 165,296
  ───────── ─────────
  337,145 291,747
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 122,082 83,610
Repayable between one and five years 155,033 126,451
  ───────── ─────────
  277,115 210,061
  ═════════ ═════════
       
9. Taxation 2024 2023
  £ £
 
Debtors:
VAT 11,826 16,627
PAYE / NI 251 -
  ───────── ─────────
  12,077 16,627
  ═════════ ═════════
Creditors:
VAT 26,701 18,110
PAYE / NI - 1,613
  ───────── ─────────
  26,701 19,723
  ═════════ ═════════
           
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2024 2023
  £ £ £ £
 
At financial year start 64,153 (21,005) 43,148 33,705
Charged to profit and loss 35,214 14,513 49,727 9,443
  ───────── ───────── ───────── ─────────
At financial year end 99,367 (6,492) 92,875 43,148
  ═════════ ═════════ ═════════ ═════════
           
11. Related party transactions
 
At the start of the year, the company owed the director £165,296. During the year, Ronan Travers Haulage Ltd borrowed £50,689 from the director and repaid £33,873 leaving a closing balance of £182,112 (2023: £165,296) owed to the director at the year end. This amount is included in the creditors section of the balance sheet.
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.