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Company No: 04590164 (England and Wales)

BOB HILL HAULAGE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

BOB HILL HAULAGE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

BOB HILL HAULAGE LIMITED

BALANCE SHEET

As at 31 December 2024
BOB HILL HAULAGE LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 253,436 231,028
253,436 231,028
Current assets
Stocks 5,000 5,000
Debtors 5 543,599 688,281
Cash at bank and in hand 362,948 202,747
911,547 896,028
Creditors: amounts falling due within one year 6 ( 114,896) ( 82,472)
Net current assets 796,651 813,556
Total assets less current liabilities 1,050,087 1,044,584
Provision for liabilities ( 51,257) ( 45,245)
Net assets 998,830 999,339
Capital and reserves
Called-up share capital 7 99 99
Capital redemption reserve 175,000 175,000
Profit and loss account 823,731 824,240
Total shareholders' funds 998,830 999,339

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Bob Hill Haulage Limited (registered number: 04590164) were approved and authorised for issue by the Board of Directors on 28 March 2025. They were signed on its behalf by:

Mr S R Hill
Director
BOB HILL HAULAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
BOB HILL HAULAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bob Hill Haulage Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The Company's principal place of business is Marlands Park, Newton Road, Totnes, Devon, TQ9 6LS.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services and goods in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life as follows:

Land and buildings 50 years straight line
Plant and machinery 10 years straight line
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance
4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 9 10

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 130,000 130,000
At 31 December 2024 130,000 130,000
Accumulated amortisation
At 01 January 2024 130,000 130,000
At 31 December 2024 130,000 130,000
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 January 2024 72,069 219,677 152,439 18,474 462,659
Additions 0 51,621 22,000 533 74,154
At 31 December 2024 72,069 271,298 174,439 19,007 536,813
Accumulated depreciation
At 01 January 2024 4,130 139,224 70,746 17,531 231,631
Charge for the financial year 1,442 23,965 25,925 414 51,746
At 31 December 2024 5,572 163,189 96,671 17,945 283,377
Net book value
At 31 December 2024 66,497 108,109 77,768 1,062 253,436
At 31 December 2023 67,939 80,453 81,693 943 231,028

5. Debtors

2024 2023
£ £
Trade debtors 59,705 69,328
Other debtors 483,894 618,953
543,599 688,281

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 23,718 32,934
Taxation and social security 47,348 31,020
Other creditors 43,830 18,518
114,896 82,472

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
51 Ordinary A shares of £ 1.00 each 51 51
33 Ordinary B shares of £ 1.00 each 33 33
15 Ordinary C shares of £ 1.00 each 15 15
99 99

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Advances to Director. No interest charged and repayable on demand. 360,000 615,000