Registered number
06486740
A & S Road Haulage Ltd
Filleted Accounts
31 January 2025
A & S Road Haulage Ltd
Registered number: 06486740
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 111,534 101,516
Current assets
Debtors 4 139,252 108,631
Cash at bank and in hand 104,400 157,414
243,652 266,045
Creditors: amounts falling due within one year 5 (129,310) (153,794)
Net current assets 114,342 112,251
Total assets less current liabilities 225,876 213,767
Creditors: amounts falling due after more than one year 6 (445) (5,699)
Provisions for liabilities (20,369) (19,289)
Net assets 205,062 188,779
Capital and reserves
Called up share capital 100 100
Profit and loss account 204,962 188,679
Shareholders' funds 205,062 188,779
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew Groundsell
Director
Approved by the board on 12 February 2025
A & S Road Haulage Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Plant and machinery over 4 years
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 21 19
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 February 2024 12,176 246,298 258,474
Additions 970 89,745 90,715
Disposals - (27,388) (27,388)
At 31 January 2025 13,146 308,655 321,801
Depreciation
At 1 February 2024 6,776 150,182 156,958
Charge for the year 2,043 71,404 73,447
On disposals - (20,138) (20,138)
At 31 January 2025 8,819 201,448 210,267
Net book value
At 31 January 2025 4,327 107,207 111,534
At 31 January 2024 5,400 96,116 101,516
4 Debtors 2025 2024
£ £
Trade debtors 138,296 108,230
Other debtors 956 401
139,252 108,631
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 8,604 12,004
Trade creditors 33,993 61,293
Taxation and social security costs 62,301 57,506
Other creditors 24,412 22,991
129,310 153,794
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 445 5,699
7 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 168,000 -
8 Controlling party
Andrew Groundsell and Catherine Bonathan are the controlling party's of A & S Haulage Ltd by virtue of their directorships and shareholdings within the company.
9 Other information
A & S Road Haulage Ltd is a private company limited by shares and incorporated in England. Its registered office is:
29 Wilberforce Road
Brighstone
Isle of Wight
PO30 4BE
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