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REGISTERED NUMBER: 01264630 (England and Wales)

















R.F. MARTIN (HAULAGE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






R.F. MARTIN (HAULAGE) LIMITED (REGISTERED NUMBER: 01264630)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


R.F. MARTIN (HAULAGE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr A Martin
Mr N Martin





REGISTERED OFFICE: Excel House
Millbrook Lane
Wragby
Market Rasen
Lincolnshire
LN8 5AB





BUSINESS ADDRESS: Holmes Way
Boston Road Industrial Estate
Horncastle
Lincolnshire
LN9 5HZ





REGISTERED NUMBER: 01264630 (England and Wales)





ACCOUNTANTS: Socius Accountants Limited
Excel House
Millbrook Lane
Wragby
Lincolnshire
LN8 5AB

R.F. MARTIN (HAULAGE) LIMITED (REGISTERED NUMBER: 01264630)

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - 211,561
Investments 5 100 100
100 211,661

CURRENT ASSETS
Inventories - 10,240
Debtors 1,197,326 759,703
Cash at bank 425,501 509,205
1,622,827 1,279,148
CREDITORS
Amounts falling due within one year 88,826 85,882
NET CURRENT ASSETS 1,534,001 1,193,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,534,101

1,404,927

PROVISIONS FOR LIABILITIES - 49,082
NET ASSETS 1,534,101 1,355,845

CAPITAL AND RESERVES
Called up share capital 6,233 6,233
Capital redemption reserve 2,503 2,503
Retained earnings 1,525,365 1,347,109
1,534,101 1,355,845

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

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

R.F. MARTIN (HAULAGE) LIMITED (REGISTERED NUMBER: 01264630)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





Mr A Martin - Director


R.F. MARTIN (HAULAGE) LIMITED (REGISTERED NUMBER: 01264630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

R.F. Martin (Haulage) Limited 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 13 (2023 - 13 ) .

R.F. MARTIN (HAULAGE) LIMITED (REGISTERED NUMBER: 01264630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 January 2024 699,472
Disposals (699,472 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 487,911
Charge for year 28,743
Eliminated on disposal (516,654 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 211,561

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr A Martin
Balance outstanding at start of year 212,469 206,094
Amounts advanced 319,942 60,350
Amounts repaid (42,059 ) (53,975 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 490,352 212,469

Mr N Martin
Balance outstanding at start of year 191,438 185,860
Amounts advanced 319,749 59,523
Amounts repaid (42,037 ) (53,945 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 469,150 191,438

All advances made to directors are unsecured, repayable on demand and with no interest charged.