FOXHAUL LOGISTICS LIMITED

Company Registration Number:
13581185 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

FOXHAUL LOGISTICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

FOXHAUL LOGISTICS LIMITED

Balance sheet

As at 31 July 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 424,293 481,175
Investments:   0 0
Total fixed assets: 424,293 481,175
Current assets
Stocks: 0 0
Debtors: 4 485,762 434,812
Cash at bank and in hand: 877,358 544,403
Investments:   0 0
Total current assets: 1,363,120 979,215
Creditors: amounts falling due within one year: 5 (556,771) (481,525)
Net current assets (liabilities): 806,349 497,690
Total assets less current liabilities: 1,230,642 978,865
Creditors: amounts falling due after more than one year: 6 (67,137) (228,421)
Provision for liabilities: (106,073) (101,073)
Total net assets (liabilities): 1,057,432 649,371
Capital and reserves
Called up share capital: 120 109
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 1,057,312 649,262
Shareholders funds: 1,057,432 649,371

The notes form part of these financial statements

FOXHAUL LOGISTICS LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 August 2024
and signed on behalf of the board by:

Name: Mitchell Keith Newman
Status: Director

The notes form part of these financial statements

FOXHAUL LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible assets are stated at their original cost less accumulated depreciation. Depreciation is provided at the following rates in order to write off the assets over their estimated useful lives : Motor Vehicles - 20% Straight Line to Estimated Residual Value; Trailers - 10% Straight Line to Estimated Residual Value; Plant & Equipment - 20% Straight Line to Nil

Other accounting policies

Assets held under hire purchase contracts are capitalised and depreciated over their expected useful lives. The corresponding hire purchase obligations are treated in the balance sheet as a liability. The interest element of hire purchase obligations is charged to the profit and loss account over the period of the agreement at a constant proportion of the outstanding balance of capital repayments

FOXHAUL LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 13 12

FOXHAUL LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 589,002
Additions 48,353
Disposals 0
Revaluations 0
Transfers 0
At 31 July 2024 637,355
Depreciation
At 01 August 2023 107,827
Charge for year 105,235
On disposals 0
Other adjustments 0
At 31 July 2024 213,062
Net book value
At 31 July 2024 424,293
At 31 July 2023 481,175

FOXHAUL LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

Debtors comprise the following amounts : Trade Debtors £418,234 (2023 £385,872); Other Debtors £4,930 (2023 £1,555); Prepayments & Accrued Income £62,598 (2023 £47,385)

FOXHAUL LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

Creditors falling due within one year comprise : Trade Creditors £90,580 (2023 £139,083); VAT and PAYE £107,478 (2023 £105,383); Current Corporation Tax £166,252 (2023 £62,240); Sundry Creditors £9,104 (2023 £8,857); Accrued Expenses £72,073 (2023 £37,821); Hire Purchase Instalments £111,284 (2023 £128,141)

FOXHAUL LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due after more than one year note

Creditors falling due after one year comprise : Hire Purchase Instalments £67,137 (2023 £178,421); Directors' Loans Nil (2023 £50,000)

FOXHAUL LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

7. Related party transactions

Name of the related party:
Relationship:
The Directors
Description of the Transaction: The Directors have made loans available to the Company on an interest free basis. The total amount owing on all of these loans as at 31st July 2024 is Nil (2023 £50,000). These amounts were recorded on the Balance Sheet within creditors falling due after more than one year.
£
Balance at 01 August 2023 50,000
Balance at 31 July 2024 0
Name of the related party: Foxhaul Forwarding Limited
Relationship:
Common shareholders and directors
Description of the Transaction: The company made sales on normal commercial terms to Foxhaul Forwarding Limited. The amount of these sales in the year ended 31st July 2024 was £11,050 (2023 Nil), and at 31st July 2024 Foxhaul Forwarding Limited owed the company an amount of £5,460 in respect of these sales (2023 Nil) which is included within the figure shown for Trade Debtors.
£
Balance at 01 August 2023 0
Balance at 31 July 2024 5,460