1 August 2023 false Taxfiler 2024.6 05031779business:PrivateLimitedCompanyLtd2023-08-012024-07-31 050317792023-07-31 050317792023-08-012024-07-31 05031779business:AuditExemptWithAccountantsReport2023-08-012024-07-31 05031779business:FilletedAccounts2023-08-012024-07-31 050317792024-07-31 05031779business:Director12023-08-012024-07-31 05031779business:Director22023-08-012024-07-31 05031779business:RegisteredOffice2023-08-012024-07-31 050317792023-07-31 05031779core:WithinOneYear2024-07-31 05031779core:WithinOneYear2023-07-31 05031779core:AfterOneYear2024-07-31 05031779core:AfterOneYear2023-07-31 05031779core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 05031779core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 05031779core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 05031779core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 05031779core:PreviouslyStatedAmount2024-07-31 05031779core:PreviouslyStatedAmount2023-07-31 05031779business:SmallEntities2023-08-012024-07-31 05031779countries:EnglandWales2023-08-012024-07-31 05031779core:MotorVehicles2023-08-012024-07-31 05031779core:FurnitureFittings2023-08-012024-07-31 05031779core:MotorVehicles2023-07-31 05031779core:FurnitureFittings2023-07-31 05031779core:MotorVehicles2024-07-31 05031779core:FurnitureFittings2024-07-31 050317792022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 05031779 (England and Wales)
V Festa & Sons Haulage Limited Unaudited accounts for the year ended 31 July 2024
V Festa & Sons Haulage Limited Unaudited accounts Contents
Page
- 2 -
V Festa & Sons Haulage Limited Company Information for the year ended 31 July 2024
Directors
Mr P Festa Mr R Festa
Company Number
05031779 (England and Wales)
Registered Office
75 Toothill Road Loughborough Leics LE11 1PN
Accountants
HOWELL & CO (LEICESTER) LIMITED LOUGHBOROUGH TECHNOLOGY CENTRE UNIT 29 EPINAL WAY Loughborough LEICESTERSHIRE LE11 3GE
- 3 -
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of V Festa & Sons Haulage Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of V Festa & Sons Haulage Limited for the year ended 31 July 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of V Festa & Sons Haulage Limited, as a body, in accordance with the terms of our engagement letter dated 29 April 2013. Our work has been undertaken solely to prepare for your approval the accounts of V Festa & Sons Haulage Limited and state those matters that we have agreed to state to the Board of Directors of V Festa & Sons Haulage Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than V Festa & Sons Haulage Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that V Festa & Sons Haulage Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of V Festa & Sons Haulage Limited. You consider that V Festa & Sons Haulage Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of V Festa & Sons Haulage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
HOWELL & CO (LEICESTER) LIMITED Chartered Certified Accountants LOUGHBOROUGH TECHNOLOGY CENTRE UNIT 29 EPINAL WAY Loughborough LEICESTERSHIRE LE11 3GE 17 December 2024
- 4 -
V Festa & Sons Haulage Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
511,799 
422,899 
Current assets
Debtors
125,413 
116,899 
Cash at bank and in hand
287,144 
628,757 
412,557 
745,656 
Creditors: amounts falling due within one year
(36,788)
(90,867)
Net current assets
375,769 
654,789 
Total assets less current liabilities
887,568 
1,077,688 
Creditors: amounts falling due after more than one year
(7,603)
(174,232)
Provisions for liabilities
Deferred tax
(97,242)
(80,351)
Net assets
782,723 
823,105 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
781,723 
822,105 
Shareholders' funds
782,723 
823,105 
For the year ending 31 July 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2024 and were signed on its behalf by
Mr P Festa Director Company Registration No. 05031779
- 5 -
V Festa & Sons Haulage Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
V Festa & Sons Haulage Limited is a private company, limited by shares, registered in England and Wales, registration number 05031779. The registered office is 75 Toothill Road, Loughborough, Leics, LE11 1PN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
1,223,584 
634 
1,224,218 
Additions
211,304 
- 
211,304 
At 31 July 2024
1,434,888 
634 
1,435,522 
Depreciation
At 1 August 2023
800,685 
634 
801,319 
Charge for the year
122,404 
- 
122,404 
At 31 July 2024
923,089 
634 
923,723 
Net book value
At 31 July 2024
511,799 
- 
511,799 
At 31 July 2023
422,899 
- 
422,899 
- 6 -
V Festa & Sons Haulage Limited Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
105,413 
96,899 
Other debtors
20,000 
20,000 
125,413 
116,899 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(6,088)
21,243 
Trade creditors
50,963 
40,394 
Taxes and social security
18,671 
49,337 
Other creditors
8,458 
8,452 
Loans from directors
(35,216)
(28,559)
36,788 
90,867 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
7,603 
174,232 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 7 -