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REGISTERED NUMBER: SC155933 (Scotland)















HEBRIDES HAULAGE LIMITED

Financial Statements for the Year Ended 30 June 2024






HEBRIDES HAULAGE LIMITED (REGISTERED NUMBER: SC155933)






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


HEBRIDES HAULAGE LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Murdo MacDonald
Iain Alexander Macdonald
Kenneth Donald Smith





SECRETARY: Iain Alexander Macdonald





REGISTERED OFFICE: 26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF





REGISTERED NUMBER: SC155933 (Scotland)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

HEBRIDES HAULAGE LIMITED (REGISTERED NUMBER: SC155933)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 8,235 7,240

CURRENT ASSETS
Debtors 6 1,409,572 1,287,623
Cash at bank and in hand 170,801 233,096
1,580,373 1,520,719
CREDITORS
Amounts falling due within one year 7 275,796 298,003
NET CURRENT ASSETS 1,304,577 1,222,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,312,812

1,229,956

CREDITORS
Amounts falling due after more than one
year

8

10,042

20,063
NET ASSETS 1,302,770 1,209,893

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,292,770 1,199,893
SHAREHOLDERS' FUNDS 1,302,770 1,209,893

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.

HEBRIDES HAULAGE LIMITED (REGISTERED NUMBER: SC155933)

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 25 March 2025 and were signed on its behalf by:





Iain Alexander Macdonald - Director


HEBRIDES HAULAGE LIMITED (REGISTERED NUMBER: SC155933)

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

1. STATUTORY INFORMATION

Hebrides Haulage Limited is a private company, limited by shares , registered in Scotland. 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 (£).


The financial statements are rounded to the nearest £1.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Fixed asset net book value and depreciation charges are the areas of the accounts which are affected by significant judgements and estimates. The directors exercise judgement in determining both the useful economic life and the likely residual value of the company's assets. This judgement affects the rates of and charge for depreciation in the accounts for the year. It also therefore affects the net book value of the assets in the balance sheet.

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 - 25% depreciation on reducing balance
Fixtures and fittings - 20% depreciation on cost
Computer equipment - 25% depreciation on cost

Taxation
Taxation for the year comprises current and deferred 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 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.

HEBRIDES HAULAGE LIMITED (REGISTERED NUMBER: SC155933)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 30 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 11,266 4,207 28,820 44,293
Additions - - 3,828 3,828
At 30 June 2024 11,266 4,207 32,648 48,121
DEPRECIATION
At 1 July 2023 9,617 4,207 23,229 37,053
Charge for year 412 - 2,421 2,833
At 30 June 2024 10,029 4,207 25,650 39,886
NET BOOK VALUE
At 30 June 2024 1,237 - 6,998 8,235
At 30 June 2023 1,649 - 5,591 7,240

6. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 443,967 340,064
Provision for bad debt (9,181 ) -
Prepayments and accrued income 57,836 84,609
492,622 424,673

Amounts falling due after more than one year:
Amounts owed by group undertakings 916,950 862,950

Aggregate amounts 1,409,572 1,287,623

HEBRIDES HAULAGE LIMITED (REGISTERED NUMBER: SC155933)

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 10,000 10,000
Trade creditors 146,487 188,398
Social security and other taxes 22,851 21,341
Wages control acc 660 -
Pension Control account 920 -
VAT 90,445 73,831
Directors' current accounts 735 735
Accrued expenses 3,698 3,698
275,796 298,003

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 42 10,063
10,042 20,063

9. RELATED PARTY DISCLOSURES

The company paid £230,380 (2023 : £226,034) to its associate company, Mimec Ltd in respect of rent of buildings and vehicles.

The company received a management fee of £45,000 (2023 : £45,000 ) from its associate company, Mimec Ltd in respect of management services provided in the year.

Debtors includes £916,950 (2023 : £862,950) due from its associate company, Mimec Ltd. There are no repayment terms in place and the amount is interest free.

No dividends were paid in the year to the parent company MHIK Holdings Limited (2023 : £Nil).