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REGISTERED NUMBER: 08529658 (England and Wales)










Financial Statements

for the Year Ended 31 May 2024

for

G K Friend Haulage Limited

G K Friend Haulage Limited (Registered number: 08529658)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G K Friend Haulage Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M Friend





REGISTERED OFFICE: 3 The Conifers
Coldred
Dover
Kent
CT15 5AR





REGISTERED NUMBER: 08529658 (England and Wales)





ACCOUNTANTS: Beverton & Co.
Chartered Accountants
Maybrook House
York Street
Dover
Kent
CT17 9FA

G K Friend Haulage Limited (Registered number: 08529658)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,994 196,523

CURRENT ASSETS
Debtors 5 420,774 568,749
Cash at bank and in hand 71,934 179,055
492,708 747,804
CREDITORS
Amounts falling due within one year 6 182,917 464,194
NET CURRENT ASSETS 309,791 283,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,785

480,133

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 467,785 479,133
SHAREHOLDERS' FUNDS 468,785 480,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 18 February 2025 and were signed by:





M Friend - Director


G K Friend Haulage Limited (Registered number: 08529658)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

G K Friend Haulage Limited 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 11 ) .

G K Friend Haulage Limited (Registered number: 08529658)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 277,350
Additions 14,501
At 31 May 2024 291,851
DEPRECIATION
At 1 June 2023 80,827
Charge for year 52,030
At 31 May 2024 132,857
NET BOOK VALUE
At 31 May 2024 158,994
At 31 May 2023 196,523

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 390,774 541,229
Other debtors 30,000 27,520
420,774 568,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 296 -
Trade creditors 87,071 310,714
Taxation and social security 61,208 61,430
Other creditors 34,342 92,050
182,917 464,194