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REGISTERED NUMBER: 03415768 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

T & J Haulage Limited

T & J Haulage Limited (Registered number: 03415768)

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


T & J Haulage Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J V Walker
R H Walker
T M Walker





REGISTERED OFFICE: Unit 6, Lincoln Way
Salthill Industrial Estate
Clitheroe
Lancashire
BB7 1QD





REGISTERED NUMBER: 03415768 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

T & J Haulage Limited (Registered number: 03415768)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,438,650 1,044,196
1,438,650 1,044,196

CURRENT ASSETS
Stocks 119,261 35,718
Debtors 6 990,421 931,458
Cash at bank and in hand 942,464 1,096,173
2,052,146 2,063,349
CREDITORS
Amounts falling due within one year 7 1,227,472 1,197,040
NET CURRENT ASSETS 824,674 866,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,263,324

1,910,505

CREDITORS
Amounts falling due after more than one
year

8

(198,827

)

(119,925

)

PROVISIONS FOR LIABILITIES 11 (368,371 ) (309,387 )
NET ASSETS 1,696,126 1,481,193

CAPITAL AND RESERVES
Called up share capital 12 100,000 100,000
Retained earnings 1,596,126 1,381,193
SHAREHOLDERS' FUNDS 1,696,126 1,481,193

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.

T & J Haulage Limited (Registered number: 03415768)

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 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 19 March 2025 and were signed on its behalf by:





T M Walker - Director


T & J Haulage Limited (Registered number: 03415768)

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


1. STATUTORY INFORMATION

T & J 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold property improvement - 10% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks 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 stocks 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.


T & J Haulage Limited (Registered number: 03415768)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 23 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 165,000
AMORTISATION
At 1 July 2023
and 30 June 2024 165,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

T & J Haulage Limited (Registered number: 03415768)

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


5. TANGIBLE FIXED ASSETS
Leasehold
property Plant and Motor Computer
improvement machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 38,645 182,984 2,722,189 9,597 2,953,415
Additions - 1,447 903,281 - 904,728
Disposals - - (840,854 ) - (840,854 )
At 30 June 2024 38,645 184,431 2,784,616 9,597 3,017,289
DEPRECIATION
At 1 July 2023 33,521 173,981 1,694,131 7,586 1,909,219
Charge for year 3,852 5,271 339,196 1,150 349,469
Eliminated on disposal - - (680,049 ) - (680,049 )
At 30 June 2024 37,373 179,252 1,353,278 8,736 1,578,639
NET BOOK VALUE
At 30 June 2024 1,272 5,179 1,431,338 861 1,438,650
At 30 June 2023 5,124 9,003 1,028,058 2,011 1,044,196

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023 1,267,330
Additions 538,000
Transfer to ownership (476,010 )
At 30 June 2024 1,329,320
DEPRECIATION
At 1 July 2023 534,107
Charge for year 203,956
Transfer to ownership (296,032 )
At 30 June 2024 442,031
NET BOOK VALUE
At 30 June 2024 887,289
At 30 June 2023 733,223

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 944,542 888,185
Other debtors - 169
Prepayments 45,879 43,104
990,421 931,458

T & J Haulage Limited (Registered number: 03415768)

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
£    £   
Hire purchase contracts (see note 9) 176,003 153,237
Trade creditors 792,814 721,164
Corporation tax 9,458 77,052
Social security and other taxes 24,516 24,230
VAT 128,195 128,904
Other creditors 1,886 938
Directors' current accounts 71,239 85,935
Accrued expenses 23,361 5,580
1,227,472 1,197,040

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts (see note 9) 198,827 119,925

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 176,003 153,237
Between one and five years 198,827 119,925
374,830 273,162

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 374,830 273,162

The hire purchase obligations are secured on the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 368,371 309,387

T & J Haulage Limited (Registered number: 03415768)

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


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 309,387
Charge to Statement of Income and Retained Earnings during year 58,984
Balance at 30 June 2024 368,371

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100,000 Ordinary £1 100,000 100,000