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REGISTERED NUMBER: 04311124 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Addlesee Timber & Haulage Ltd.

Addlesee Timber & Haulage Ltd. (Registered number: 04311124)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Addlesee Timber & Haulage Ltd.

Company Information
for the Year Ended 31 October 2024







DIRECTORS: S Addlesee
M Addlesee
F Addlesee





SECRETARY: Mrs J R Addlesee





REGISTERED OFFICE: 2 Sandtoft Road
Belton
Doncaster
South Yorkshire
DN9 1PH





REGISTERED NUMBER: 04311124 (England and Wales)





ACCOUNTANTS: ASAP Accountants & Business Advisors Ltd
Room 206, Mercury House
Willoughton Drive
Foxby Lane Business Park
Gainsborough
Lincolnshire
DN21 1DY

Addlesee Timber & Haulage Ltd. (Registered number: 04311124)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,157 131,874

CURRENT ASSETS
Stocks 10,309 8,819
Debtors 5 48,448 44,963
Cash at bank and in hand 102,303 65,199
161,060 118,981
CREDITORS
Amounts falling due within one year 6 254,765 256,044
NET CURRENT LIABILITIES (93,705 ) (137,063 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,452

(5,189

)

CREDITORS
Amounts falling due after more than
one year

7

5,623

13,900
NET ASSETS/(LIABILITIES) 31,829 (19,089 )

Addlesee Timber & Haulage Ltd. (Registered number: 04311124)

Balance Sheet - continued
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,729 (19,189 )
SHAREHOLDERS' FUNDS 31,829 (19,089 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:




F Addlesee - Director S Addlesee - Director




M Addlesee - Director


Addlesee Timber & Haulage Ltd. (Registered number: 04311124)

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

1. STATUTORY INFORMATION

Addlesee Timber & Haulage Ltd. 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.
Freehold property - 4% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Addlesee Timber & Haulage Ltd. (Registered number: 04311124)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 7 ) .

Addlesee Timber & Haulage Ltd. (Registered number: 04311124)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2023 159,075 94,975 -
Additions - 25,525 2,320
Disposals - - -
At 31 October 2024 159,075 120,500 2,320
DEPRECIATION
At 1 November 2023 105,760 73,132 -
Charge for year 6,363 11,841 348
Eliminated on disposal - - -
At 31 October 2024 112,123 84,973 348
NET BOOK VALUE
At 31 October 2024 46,952 35,527 1,972
At 31 October 2023 53,315 21,843 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 140,747 557 395,354
Additions 11,965 - 39,810
Disposals (8,325 ) - (8,325 )
At 31 October 2024 144,387 557 426,839
DEPRECIATION
At 1 November 2023 84,286 302 263,480
Charge for year 15,545 186 34,283
Eliminated on disposal (2,081 ) - (2,081 )
At 31 October 2024 97,750 488 295,682
NET BOOK VALUE
At 31 October 2024 46,637 69 131,157
At 31 October 2023 56,461 255 131,874

Addlesee Timber & Haulage Ltd. (Registered number: 04311124)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.24 31.10.23
£    £   
Trade debtors 23,752 25,262
Other debtors 24,696 19,701
48,448 44,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 8,272 8,068
Trade creditors 66,399 55,808
Tax 13,515 8,453
Social security and other taxes 2,360 1,214
VAT 10,013 9,183
Other creditors 1,889 1,777
Directors' current accounts 151,657 170,881
Accruals and deferred income 660 660
254,765 256,044

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 5,623 8,272
Bank loans - 2-5 years - 5,628
5,623 13,900

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 13,895 21,968