Registered number
09489966
HR Haulage Limited
Filleted Accounts
31 March 2024
HR Haulage Limited
Registered number: 09489966
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 523,502 465,589
523,502 465,589
Current assets
Debtors 4 142,382 135,005
Cash at bank and in hand 219,427 150,066
361,809 285,071
Creditors: amounts falling due within one year 5 (161,101) (133,856)
Net current assets 200,708 151,215
Total assets less current liabilities 724,210 616,804
Creditors: amounts falling due after more than one year 6 (711,204) (556,465)
Net assets 13,006 60,339
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,906 60,239
Shareholders' funds 13,006 60,339
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Harinder Singh Hundal
Director
Approved by the board on 21 March 2025
HR Haulage Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 - - 1,076,190 1,076,190
Additions - - 188,789 188,789
At 31 March 2024 - - 1,264,979 1,264,979
Depreciation
At 1 April 2023 - - 610,601 610,601
Charge for the year - - 130,876 130,876
At 31 March 2024 - - 741,477 741,477
Net book value
At 31 March 2024 - - 523,502 523,502
At 31 March 2023 - - 465,589 465,589
4 Debtors 2024 2023
£ £
Trade debtors 142,382 135,005
142,382 135,005
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 5,104 5,256
Taxation and social security costs 18,166 42,017
Other creditors 137,831 86,583
161,101 133,856
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 29,958 39,979
Obligations under finance lease and hire purchase contracts 427,309 340,432
Other creditors 253,937 176,054
711,204 556,465
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