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COMPANY REGISTRATION NUMBER: 13825174
Yorkshire Haulage Limited
Filleted Unaudited Financial Statements
Period from 1 February 2023 to
30 January 2024
Yorkshire Haulage Limited
Statement of Financial Position
30 January 2024
30 Jan 24
31 Jan 23
Note
£
£
£
£
Fixed assets
Tangible assets
5
25,424
28,650
Current assets
Debtors
6
6,919
7,292
Cash at bank and in hand
7,552
10,225
--------
--------
14,471
17,517
Creditors: amounts falling due within one year
7
48,342
18,521
--------
--------
Net current liabilities
33,871
1,004
--------
--------
Total assets less current liabilities
( 8,447)
27,646
Creditors: amounts falling due after more than one year
8
3,005
25,440
--------
--------
Net (liabilities)/assets
( 11,452)
2,206
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 11,453)
2,205
--------
-------
Shareholders (deficit)/funds
( 11,452)
2,206
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Yorkshire Haulage Limited
Statement of Financial Position (continued)
30 January 2024
These financial statements were approved by the board of directors and authorised for issue on 22 April 2025 , and are signed on behalf of the board by:
Mr W J Yarrow
Director
Company registration number: 13825174
Yorkshire Haulage Limited
Notes to the Financial Statements
Period from 1 February 2023 to 30 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Honeysuckle Close, Selby, YO8 9QT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the director has considered the effect of these matters on the company with the information available to it and does not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the director has prepared these financial statements on a going concern basis. The financial statements show a loss for the year of £13,658. The Company has net liabilities at the Balance Sheet date of £11,452. The director has confirmed that he is willing to support the company for the foreseeable future. Therefore the going concern basis is applicable.
(c) Revenue recognition
Revenue from provision of services is recognised when the sales invoice is issued.
(d) Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
(g) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(h) Financial instruments
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 entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 February 2023
10,650
18,000
28,650
Additions
9,750
9,750
Disposals
( 4,500)
( 4,500)
--------
--------
--------
At 30 January 2024
15,900
18,000
33,900
--------
--------
--------
Depreciation
At 1 February 2023
Charge for the period
5,101
4,500
9,601
Disposals
( 1,125)
( 1,125)
--------
--------
--------
At 30 January 2024
3,976
4,500
8,476
--------
--------
--------
Carrying amount
At 30 January 2024
11,924
13,500
25,424
--------
--------
--------
At 31 January 2023
10,650
18,000
28,650
--------
--------
--------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery
Motor vehicles
Total
£
£
£
At 30 January 2024
4,500
13,500
18,000
-------
--------
--------
At 31 January 2023
18,000
18,000
-------
--------
--------
6. Debtors
30 Jan 24
31 Jan 23
£
£
Trade debtors
6,919
4,212
Other debtors
3,080
-------
-------
6,919
7,292
-------
-------
7. Creditors: amounts falling due within one year
30 Jan 24
31 Jan 23
£
£
Trade creditors
14,926
7,057
Social security and other taxes
7,642
243
Other creditors
25,774
11,221
--------
--------
48,342
18,521
--------
--------
8. Creditors: amounts falling due after more than one year
30 Jan 24
31 Jan 23
£
£
Bank loans and overdrafts
25,440
Other creditors
3,005
-------
--------
3,005
25,440
-------
--------
9. Related party transactions
During the year the director made a loan available to the company. The balance owing to the director at 30 January 2024 was £ 17,463 (2023 was £11,221). This loan was interest free.