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REGISTERED NUMBER: 05802859




















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Rode Haulage Limited

Rode Haulage Limited (Registered number: 05802859)






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


Rode Haulage Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R J Cousins
A P Fussell





SECRETARY: R J Cousins





REGISTERED OFFICE: County Gate
County Way
Trowbridge
Wiltshire
BA14 7FJ





REGISTERED NUMBER: 05802859

Rode Haulage Limited (Registered number: 05802859)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 229,594 244,289
229,594 244,289

CURRENT ASSETS
Stocks 4,380 2,000
Debtors 6 659,764 377,079
Prepayments and accrued income 84,106 73,447
Cash at bank 308,368 407,588
1,056,618 860,114
CREDITORS
Amounts falling due within one year 7 654,788 548,613
NET CURRENT ASSETS 401,830 311,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

631,424

555,790

CREDITORS
Amounts falling due after more than one
year

8

(41,186

)

(78,267

)

ACCRUALS AND DEFERRED INCOME (2,557 ) (41,894 )
NET ASSETS 587,681 435,629

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 587,581 435,529
SHAREHOLDERS' FUNDS 587,681 435,629

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.

Rode Haulage Limited (Registered number: 05802859)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:




R J Cousins - Director



A P Fussell - Director


Rode Haulage Limited (Registered number: 05802859)

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

1. STATUTORY INFORMATION

Rode Haulage Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on a going concern basis, which assumes that the company's directors will continue to provide sufficient financial resources to enable the company to continue its normal operations for the foreseeable future.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten 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.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on straight line basis

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 and deferred tax. Tax is recognised in the Income Statement, 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.

Rode Haulage Limited (Registered number: 05802859)

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

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 105,000
AMORTISATION
At 1 July 2023
and 30 June 2024 105,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 7,905 12,973 5,900
Additions - - -
Disposals - (7,307 ) (4,725 )
At 30 June 2024 7,905 5,666 1,175
DEPRECIATION
At 1 July 2023 7,406 6,899 4,611
Charge for year 75 911 193
Eliminated on disposal - (6,900 ) (4,238 )
At 30 June 2024 7,481 910 566
NET BOOK VALUE
At 30 June 2024 424 4,756 609
At 30 June 2023 499 6,074 1,289

Rode Haulage Limited (Registered number: 05802859)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 358,985 22,411 408,174
Additions 105,820 2,172 107,992
Disposals (129,640 ) - (141,672 )
At 30 June 2024 335,165 24,583 374,494
DEPRECIATION
At 1 July 2023 125,800 19,169 163,885
Charge for year 68,415 1,315 70,909
Eliminated on disposal (78,756 ) - (89,894 )
At 30 June 2024 115,459 20,484 144,900
NET BOOK VALUE
At 30 June 2024 219,706 4,099 229,594
At 30 June 2023 233,185 3,242 244,289

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 245,930
DEPRECIATION
At 1 July 2023 24,062
Charge for year 55,467
At 30 June 2024 79,529
NET BOOK VALUE
At 30 June 2024 166,401
At 30 June 2023 221,868

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 549,764 366,779
Amounts owed by group undertakings 100,000 -
Other debtors 10,000 10,300
659,764 377,079

Rode Haulage Limited (Registered number: 05802859)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 39,134 39,134
Trade creditors 480,513 415,691
Tax 42,199 20,644
Social security and other taxes 10,062 9,107
VAT 20,517 1,928
Other creditors 1,695 1,441
Directors' current accounts 60,668 60,668
654,788 548,613

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 41,186 78,267

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 80,320 117,401

Bank borrowings are secured over land and buildings owned by A Fussell privately.

Hire purchase liabilities are secured against the assets to which they relate.

10. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
R J Cousins
Balance outstanding at start of year (103 ) (103 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (103 ) (103 )

A P Fussell
Balance outstanding at start of year (60,565 ) (60,565 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (60,565 ) (60,565 )

Both directors balances are unsecured and interest free. No fixed repayment terms are in place.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A Fussell & Mr R Cousins.