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REGISTERED NUMBER: SC348012 (Scotland)















Unaudited Financial Statements

for the Period 1 December 2022 to 31 May 2024

for

R. Stevenson Haulage Limited

R. Stevenson Haulage Limited (Registered number: SC348012)






Contents of the Financial Statements
for the Period 1 December 2022 to 31 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


R. Stevenson Haulage Limited (Registered number: SC348012)

Balance Sheet
31 May 2024

31.5.24 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 22,645

CURRENT ASSETS
Stocks - 1,200
Debtors 5 214 14,530
Cash at bank 1,830 6,190
2,044 21,920
CREDITORS
Amounts falling due within one year 6 (21,847 ) (69,056 )
NET CURRENT LIABILITIES (19,803 ) (47,136 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,803

)

(24,491

)

CREDITORS
Amounts falling due after more than one
year

7

-

(31,724

)
NET LIABILITIES (19,803 ) (56,215 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (19,804 ) (56,216 )
SHAREHOLDERS' FUNDS (19,803 ) (56,215 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

R. Stevenson Haulage Limited (Registered number: SC348012)

Balance Sheet - continued
31 May 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 director and authorised for issue on 17 January 2025 and were signed by:





Mrs R J Pedrick - Director


R. Stevenson Haulage Limited (Registered number: SC348012)

Notes to the Financial Statements
for the Period 1 December 2022 to 31 May 2024

1. STATUTORY INFORMATION

R. Stevenson Haulage Limited is a private company, limited by shares, domiciled in Scotland, registration number SC348012. The registered office is East Bannock Farm, Denny, Stirlingshire, FK6 5NA.

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 represents net invoiced sales of goods and services in respect of a haulage contractor, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation
Taxation for the period 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 period 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.

R. Stevenson Haulage Limited (Registered number: SC348012)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 129,218
Disposals (126,545 )
At 31 May 2024 2,673
DEPRECIATION
At 1 December 2022 106,573
Charge for period 6,307
Eliminated on disposal (110,207 )
At 31 May 2024 2,673
NET BOOK VALUE
At 31 May 2024 -
At 30 November 2022 22,645

R. Stevenson Haulage Limited (Registered number: SC348012)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022 126,545
Disposals (126,545 )
At 31 May 2024 -
DEPRECIATION
At 1 December 2022 104,023
Charge for period 6,184
Eliminated on disposal (110,207 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 30 November 2022 22,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 30.11.22
£    £   
Trade debtors 214 11,522
Other debtors - 3,008
214 14,530

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 30.11.22
£    £   
Bank loans and overdrafts 6,450 2,951
Hire purchase contracts - 11,046
Trade creditors - 17,506
Taxation and social security - 5,200
Other creditors 15,397 32,353
21,847 69,056

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 30.11.22
£    £   
Bank loans - 7,945
Hire purchase contracts - 23,779
- 31,724

R. Stevenson Haulage Limited (Registered number: SC348012)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2024

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs R J Pedrick.