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REGISTERED NUMBER: SC041122 (Scotland)
















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

A. Frew (Haulage Contractors and
Coal Merchants) Limited

A. Frew (Haulage Contractors and
Coal Merchants) Limited (Registered number: SC041122)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A. Frew (Haulage Contractors and
Coal Merchants) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Thomas Frew
Alain Frew





REGISTERED OFFICE: 79 Sinclair Street
Stevenston
Ayrshire
KA20 4AL





REGISTERED NUMBER: SC041122 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
Westburn Business Centre
McNee Road
Prestwick
KA9 2PB

A. Frew (Haulage Contractors and
Coal Merchants) Limited (Registered number: SC041122)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,082 107,854

CURRENT ASSETS
Cash at bank and in hand 50,558 55,235

CREDITORS
Amounts falling due within one year 5 40,023 40,291
NET CURRENT ASSETS 10,535 14,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,617

122,798

PROVISIONS FOR LIABILITIES 15,148 15,842
NET ASSETS 100,469 106,956

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 6 73,005 74,250
Retained earnings 17,464 22,706
SHAREHOLDERS' FUNDS 100,469 106,956

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:



Thomas Frew - Director


A. Frew (Haulage Contractors and
Coal Merchants) Limited (Registered number: SC041122)

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

1. STATUTORY INFORMATION

A. Frew (Haulage Contractors and Coal Merchants) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
Whilst the accounts have been prepared on a going concern basis reference should be made to the directors' report in relation to the discontinuance of trading activities and the future intentions regarding the company.

Depreciation
Tangible fixed 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 fixed assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Buildings - 2% straight line
Land - not depreciated

Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

A. Frew (Haulage Contractors and
Coal Merchants) Limited (Registered number: SC041122)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables
Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities
Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments
A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

A. Frew (Haulage Contractors and
Coal Merchants) Limited (Registered number: SC041122)

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

4. TANGIBLE FIXED ASSETS
Freehold
land and Plant and Motor
buildings machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 November 2023
and 31 October 2024 110,000 13,825 27,800 151,625
DEPRECIATION
At 1 November 2023 2,714 13,825 27,232 43,771
Charge for year 2,714 - 58 2,772
At 31 October 2024 5,428 13,825 27,290 46,543
NET BOOK VALUE
At 31 October 2024 104,572 - 510 105,082
At 31 October 2023 107,286 - 568 107,854

Included in cost or valuation of land and buildings is freehold land of £ 5,000 (2023 - £ 5,000 ) which is not depreciated.

Cost or valuation at 31 October 2024 is represented by:

Freehold
land and Plant and Motor
buildings machinery vehicles Totals
£    £    £    £   
Valuation in 2001 42,014 - - 42,014
Valuation in 2021 23,500 - - 23,500
Cost 44,486 13,825 27,800 86,111
110,000 13,825 27,800 151,625

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 44,486 44,486
Aggregate depreciation 27,150 27,150

Value of land in freehold land and buildings 5,000 5,000

The company's land and property were revalued by an independent professional valuer on 17th July 2021 on an open market , vacant possession basis at £110,000 and this valuation is reflected in these accounts as a fair value as at 31 October 2024. Provision has been made in these accounts for tax payable in the event of the company selling the property at its revalued figure.

A. Frew (Haulage Contractors and
Coal Merchants) Limited (Registered number: SC041122)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 523 485
Other creditors 39,500 39,806
40,023 40,291

6. RESERVES
Revaluation
reserve
£   
At 1 November 2023 74,250
Transfers (1,924 )
Deferred tax 679

At 31 October 2024 73,005

7. CONTROLLING PARTY

The company is controlled by the directors, who each own 50% of the issued share capital.