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Registration number: 04692396

Anthony Whitfield Haulage Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2023 to 30 September 2024

 

Anthony Whitfield Haulage Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Anthony Whitfield Haulage Limited

Company Information

Director

A Whitfield

Registered office

12 Credenhill Close
Castle Grange
Hull
HU7 4ZQ

 

Anthony Whitfield Haulage Limited

(Registration number: 04692396)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

-

6,105

Current assets

 

Debtors

6

-

24,087

Cash at bank and in hand

 

36,136

55,660

 

36,136

79,747

Creditors: Amounts falling due within one year

7

(36,135)

(47,309)

Net current assets

 

1

32,438

Total assets less current liabilities

 

1

38,543

Provisions for liabilities

-

(194)

Net assets

 

1

38,349

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(99)

38,249

Shareholders' funds

 

1

38,349

For the financial period ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 February 2025
 

.........................................
A Whitfield
Director

 

Anthony Whitfield Haulage Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 04692396.

The address of its registered office is:
12 Credenhill Close
Castle Grange
Hull
HU7 4ZQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Disclosure of long or short period

The entity changed the end of its reporting period from 31 March 2024 to 30 September 2024. Amounts presented for the 2024 reporting period are for an 18 month period. Comparative figures are for a 12 month period. Consequently, comparative amounts for the profit & loss accounts, statement of comprehensive income, statement of changes in equity and related notes are not entirely comparable.

Going concern

The company ceased trading on 31 May 2024.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of transport services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Anthony Whitfield Haulage Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Fully depreciated

Fixtures and fittings

Fully depreciated

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Fully depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Anthony Whitfield Haulage Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for the sale of provision of transportation services in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 1 (2023 - 1).

 

Anthony Whitfield Haulage Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

20,000

20,000

At 30 September 2024

20,000

20,000

Amortisation

At 1 April 2023

20,000

20,000

At 30 September 2024

20,000

20,000

Carrying amount

At 30 September 2024

-

-

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

1,899

44,950

46,849

Disposals

(1,899)

(44,950)

(46,849)

At 30 September 2024

-

-

-

Depreciation

At 1 April 2023

1,230

39,514

40,744

Eliminated on disposal

(1,230)

(39,514)

(40,744)

At 30 September 2024

-

-

-

Carrying amount

At 30 September 2024

-

-

-

At 31 March 2023

669

5,436

6,105

6

Debtors

2024
£

2023
£

Trade debtors

-

19,823

Prepayments

-

3,382

Other debtors

-

882

-

24,087

 

Anthony Whitfield Haulage Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

30,291

35,603

Trade creditors

 

-

2,084

Social security and other taxes

 

4,284

8,050

Accruals

 

1,560

1,572

 

36,135

47,309

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

30,291

35,603

Included within other loans and borrowings are unsecured directors' loan accounts.

9

Related party transactions

Other transactions with the Director

At the year end, the company owed the directors £30,291 (2023: £35,603). Loans made between the company and the directors are unsecured, interest free and repayable on demand.