Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the Profit and Loss Account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing differences arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-01false1112falsetruefalse 06384317 2023-10-01 2024-07-31 06384317 2022-08-01 2023-09-30 06384317 2024-07-31 06384317 2023-09-30 06384317 1 2023-10-01 2024-07-31 06384317 d:Director1 2023-10-01 2024-07-31 06384317 d:Director1 2024-07-31 06384317 d:Director2 2023-10-01 2024-07-31 06384317 d:Director2 2024-07-31 06384317 d:Director3 2023-10-01 2024-07-31 06384317 d:Director3 2024-07-31 06384317 d:RegisteredOffice 2023-10-01 2024-07-31 06384317 c:PlantMachinery 2023-10-01 2024-07-31 06384317 c:PlantMachinery 2024-07-31 06384317 c:PlantMachinery 2023-09-30 06384317 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-10-01 2024-07-31 06384317 c:MotorVehicles 2023-10-01 2024-07-31 06384317 c:MotorVehicles 2024-07-31 06384317 c:MotorVehicles 2023-09-30 06384317 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-10-01 2024-07-31 06384317 c:OfficeEquipment 2023-10-01 2024-07-31 06384317 c:OfficeEquipment 2024-07-31 06384317 c:OfficeEquipment 2023-09-30 06384317 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-10-01 2024-07-31 06384317 c:OwnedOrFreeholdAssets 2023-10-01 2024-07-31 06384317 c:Goodwill 2024-07-31 06384317 c:Goodwill 2023-09-30 06384317 c:CurrentFinancialInstruments 2024-07-31 06384317 c:CurrentFinancialInstruments 2023-09-30 06384317 c:CurrentFinancialInstruments c:WithinOneYear 2024-07-31 06384317 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 06384317 c:ShareCapital 2024-07-31 06384317 c:ShareCapital 2023-09-30 06384317 c:RetainedEarningsAccumulatedLosses 2024-07-31 06384317 c:RetainedEarningsAccumulatedLosses 2023-09-30 06384317 d:OrdinaryShareClass1 2023-10-01 2024-07-31 06384317 d:OrdinaryShareClass1 2024-07-31 06384317 d:OrdinaryShareClass2 2023-10-01 2024-07-31 06384317 d:OrdinaryShareClass2 2024-07-31 06384317 d:FRS102 2023-10-01 2024-07-31 06384317 d:AuditExemptWithAccountantsReport 2023-10-01 2024-07-31 06384317 d:FullAccounts 2023-10-01 2024-07-31 06384317 d:PrivateLimitedCompanyLtd 2023-10-01 2024-07-31 06384317 c:Goodwill c:OwnedIntangibleAssets 2023-10-01 2024-07-31 06384317 e:PoundSterling 2023-10-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No.06384317 (England and Wales)





FOLEY HAULAGE LIMITED

UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 JULY 2024

































Riordan O'Sullivan & Co
Chartered Certified Accountants and Statutory Auditors
40 Chamberlayne Road
London
NW10 3JE

 
FOLEY HAULAGE LIMITED
 
 
COMPANY INFORMATION


Directors
Tim Foley (resigned 16 October 2024)
Patrick Ciaran McClearn (appointed 16 October 2024)
Mark Andrew Weller (appointed 16 October 2024)




Registered number
06384317



Registered office
25 Cecil Road
Wealdstone

Middlesex

HA3 5QY




Accountants
Riordan O'Sullivan & Co
Chartered Certified Accountants and Statutory Auditors

40 Chamberlayne Road

London

NW10 3JE





 
FOLEY HAULAGE LIMITED
 

CONTENTS



Page
Directors' Report
 
 
1
Accountants' Report
 
 
2
Balance Sheet
 
 
3 - 4
Notes to the Financial Statements
 
 
5 - 9


 
FOLEY HAULAGE LIMITED
 
 
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 JULY 2024

The directors present their report and the financial statements for the period ended 31 July 2024.

Principal activity

The principal activity of the company continued to be that of a road haulage operator.

Director

The director who served during the period was:

Tim Foley (resigned 16 October 2024)

The directors who were appointed after the year were as follows:
Patrick Ciaran McClearn (appointed 16 October 2024)
Mark Andrew Weller (appointed 16 October 2024)

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 11 April 2025 and signed on its behalf.
 





___________________________
Patrick Ciaran McClearn
Director

Page 1

 
FOLEY HAULAGE LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FOLEY HAULAGE LIMITED
FOR THE PERIOD 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 financial statements of Foley Haulage Limited for the period ended 31 July 2024 which comprise  the Balance Sheet and the related notes 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 Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of Directors of Foley Haulage Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Foley Haulage Limited and state those matters that we have agreed to state to the Board of Directors of Foley 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 Foley Haulage Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Foley Haulage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Foley Haulage Limited. You consider that Foley Haulage Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Foley 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 financial statements.

  



Riordan O'Sullivan & Co
Chartered Certified Accountants and Statutory Auditors
40 Chamberlayne Road
London
NW10 3JE
11 April 2025
Page 2

 
FOLEY HAULAGE LIMITED
REGISTERED NUMBER:06384317

BALANCE SHEET
AS AT 31 JULY 2024

31 July
30 September
2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
21,667
30,000

Tangible assets
 5 
328,021
414,342

  
349,688
444,342

Current assets
  

Stocks
  
36,072
59,720

Debtors
 6 
602,854
641,182

Cash at bank and in hand
  
1,664,327
1,681,620

  
2,303,253
2,382,522

Creditors: amounts falling due within one year
 7 
(150,561)
(270,247)

Net current assets
  
 
 
2,152,692
 
 
2,112,275

Total assets less current liabilities
  
2,502,380
2,556,617

Provisions for liabilities
  

Deferred tax
  
(82,005)
(83,092)

  
 
 
(82,005)
 
 
(83,092)

Net assets
  
2,420,375
2,473,525


Capital and reserves
  

Called up share capital 
 8 
10,100
10,100

Profit and loss account
  
2,410,275
2,463,425

  
2,420,375
2,473,525


Page 3

 
FOLEY HAULAGE LIMITED
REGISTERED NUMBER:06384317
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 April 2025.




___________________________
Patrick Ciaran McClearn
Director

Page 4

 
FOLEY HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Foley Haulage Limited is a private company limited by shares incorporated in England and Wales. The registered office is 25 Cecil Road, Harrow, Middlesex, HA3 5QY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. 

 
2.3

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sale related taxes. The fair value of consideration taken into account trade discounts, settlement discounts and volume rebates. 

 
2.4

Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the Profit and Loss Account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing differences arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.

 
2.5

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a  finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

Page 5

 
FOLEY HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost includes direct costs and any overheads that have been incurred in bringing the stocks to their present location and condition.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Profit and Loss Account.

 
2.8

Pensions

The company operates a defined contribution plan for its employees.
The contributions are recognised as an expense in the Profit and Loss Account when they fall due. Amounts not paid are shown as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.9

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. 


3.


Employees

The average monthly number of employees, including directors, during the period was 11 (2023 - 12).

Page 6

 
FOLEY HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

4.


Intangible assets






Goodwill

£



Cost


At 1 October 2023
200,000



At 31 July 2024

200,000



Amortisation


At 1 October 2023
170,000


Charge for the period
8,333



At 31 July 2024

178,333



Net book value



At 31 July 2024
21,667



At 30 September 2023
30,000



Page 7

 
FOLEY HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

5.


Tangible fixed assets







Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
720,759
681,977
7,105
1,409,841



At 31 July 2024

720,759
681,977
7,105
1,409,841



Depreciation


At 1 October 2023
618,938
372,241
4,320
995,499


Charge for the period
21,212
64,529
580
86,321



At 31 July 2024

640,150
436,770
4,900
1,081,820



Net book value



At 31 July 2024
80,609
245,207
2,205
328,021



At 30 September 2023
101,821
309,736
2,785
414,342


6.


Debtors

31 July
30 September
2024
2023
£
£

Trade debtors
520,402
573,654

Other debtors
60,943
39,782

Prepayments
21,509
27,746

602,854
641,182


Page 8

 
FOLEY HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

31 July
30 September
2024
2023
£
£

Trade creditors
81,637
213,162

Corporation tax
46,289
22,994

Other taxation and social security
8,445
10,650

Other creditors
6,690
10,278

Accruals
7,500
13,163

150,561
270,247



8.


Share capital

31 July
30 September
2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100
10 B Class shares of £1,000 each
10,000
10,000

10,100

10,100



9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £3,756 (2023: £5,204). Contributions totalling £386 (2023: £269) were payable to the fund at the balance sheet date and are included in creditors.


10.


Post balance sheet events

On 16 October 2024, 100% of the issued share capital of the company was acquired by Toureen Group Limited, which is incorporated in England and Wales. 


11.


Controlling party

At the balance sheet date, the company was under the joint control of Tim Foley and Margaret Foley, by virtue of their shareholdings.
 
Page 9