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REGISTERED NUMBER: 04026862 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 July 2024

for

Andrew Vest Haulage Limited

Andrew Vest Haulage Limited (Registered number: 04026862)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Andrew Vest Haulage Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr A M Vest
Mrs K A Vest



SECRETARY: Mrs K A Vest



REGISTERED OFFICE: 9 Sycamore Avenue
Findern
Derbyshire
DE65 6AT



REGISTERED NUMBER: 04026862 (England and Wales)



ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB



BANKERS: The Royal Bank of Scotland
41 Cornmarket
Derby
DE1 2DH

Andrew Vest Haulage Limited (Registered number: 04026862)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 25,080 46,486

CURRENT ASSETS
Debtors 5 3,045 18,599
Cash at bank 171,539 229,908
174,584 248,507
CREDITORS
Amounts falling due within one year 6 161,590 202,198
NET CURRENT ASSETS 12,994 46,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,074

92,795

CREDITORS
Amounts falling due after more than one
year

7

(8,639

)

(18,777

)

PROVISIONS FOR LIABILITIES (4,765 ) (8,832 )
NET ASSETS 24,670 65,186

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 24,668 65,184
SHAREHOLDERS' FUNDS 24,670 65,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Andrew Vest Haulage Limited (Registered number: 04026862)

Statement of Financial Position - continued
31 July 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 15 April 2025 and were signed on its behalf by:





Mr A M Vest - Director


Andrew Vest Haulage Limited (Registered number: 04026862)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Andrew Vest Haulage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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 - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Loans from directors
Any loans from the Director's to the company are interest free and repayable on demand.

Andrew Vest Haulage Limited (Registered number: 04026862)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 17,217 218,215 798 236,230
Additions - 14,667 1,585 16,252
Disposals - (168,800 ) - (168,800 )
At 31 July 2024 17,217 64,082 2,383 83,682
DEPRECIATION
At 1 August 2023 8,613 180,333 798 189,744
Charge for year 2,583 10,672 528 13,783
Eliminated on disposal - (144,925 ) - (144,925 )
At 31 July 2024 11,196 46,080 1,326 58,602
NET BOOK VALUE
At 31 July 2024 6,021 18,002 1,057 25,080
At 31 July 2023 8,604 37,882 - 46,486

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,628 17,747
Called up share capital not paid 2 2
Prepayments 415 850
3,045 18,599

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,367 10,242
Trade creditors 2,159 2,731
Tax 14,849 15,607
VAT 1,422 5,108
Other creditors - 119
Wages control account 1,480 -
Directors' current accounts 129,108 166,060
Accrued expenses 2,205 2,331
161,590 202,198

Andrew Vest Haulage Limited (Registered number: 04026862)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,639 10,242
Bank loans - 2-5 years - 8,535
8,639 18,777

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,006 29,019

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 2 2