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REGISTERED NUMBER: 02248991 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Sheehan Haulage & Plant Hire Limited

Sheehan Haulage & Plant Hire Limited (Registered number: 02248991)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sheehan Haulage & Plant Hire Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C Sheehan
R Sheehan
T L McGovern





REGISTERED OFFICE: 30 Bankside Court
Stationfields
Kidlington
Oxfordshire
OX5 1JE





REGISTERED NUMBER: 02248991 (England and Wales)





ACCOUNTANTS: Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE

Sheehan Haulage & Plant Hire Limited (Registered number: 02248991)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,716,276 5,065,528
Investments 5 155,000 155,000
4,871,276 5,220,528

CURRENT ASSETS
Stocks 670,816 274,652
Debtors 6 1,013,297 1,226,405
Cash at bank 85,022 467,260
1,769,135 1,968,317
CREDITORS
Amounts falling due within one year 7 (1,429,073 ) (1,701,933 )
NET CURRENT ASSETS 340,062 266,384
TOTAL ASSETS LESS CURRENT LIABILITIES 5,211,338 5,486,912

CREDITORS
Amounts falling due after more than one
year

8

(1,725,714

)

(1,889,493

)
NET ASSETS 3,485,624 3,597,419

CAPITAL AND RESERVES
Called up share capital 182,004 182,004
Share premium 1,000 1,000
Revaluation reserve 9 2,342,620 2,342,620
Retained earnings 960,000 1,071,795
3,485,624 3,597,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Sheehan Haulage & Plant Hire Limited (Registered number: 02248991)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





T L McGovern - Director


Sheehan Haulage & Plant Hire Limited (Registered number: 02248991)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Sheehan Haulage & Plant Hire 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
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.
Plant and machinery etc - 25% on reducing balance

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 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 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.

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 26 (2023 - 27 ) .

Sheehan Haulage & Plant Hire Limited (Registered number: 02248991)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 2,950,000 6,659,709 9,609,709
Additions - 34,250 34,250
Disposals - (34,167 ) (34,167 )
At 30 June 2024 2,950,000 6,659,792 9,609,792
DEPRECIATION
At 1 July 2023 - 4,544,181 4,544,181
Charge for year - 380,081 380,081
Eliminated on disposal - (30,746 ) (30,746 )
At 30 June 2024 - 4,893,516 4,893,516
NET BOOK VALUE
At 30 June 2024 2,950,000 1,766,276 4,716,276
At 30 June 2023 2,950,000 2,115,528 5,065,528

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 155,000
NET BOOK VALUE
At 30 June 2024 155,000
At 30 June 2023 155,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 658,445 721,792
Other debtors 354,852 504,613
1,013,297 1,226,405

Sheehan Haulage & Plant Hire Limited (Registered number: 02248991)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 9,079 9,080
Trade creditors 424,689 327,115
Taxation and social security 139,966 239,912
Other creditors 855,339 1,125,826
1,429,073 1,701,933

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans 10,877 21,753
Other creditors 1,714,837 1,867,740
1,725,714 1,889,493

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 2,342,620

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the amount outstanding to associated companies was £66,290 (2023: 41,290).
At the balance sheet date, the amount due from associated companies was £26,766 (2023: £66,766).