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Registration number: 01098771

John Golding (Heavy Haulage) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2025

 

John Golding (Heavy Haulage) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

John Golding (Heavy Haulage) Limited

Company Information

Director

Mrs S E Tarling

Company secretary

Mr D Tarling

Registered office

4 Abbey Mews
Kingswood
Wotton-under-Edge
Gloucestershire
GL12 8SH

Accountants

Burton Sweet (Thornbury)
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
John Golding (Heavy Haulage) Limited
for the Year Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of John Golding (Heavy Haulage) Limited for the year ended 28 February 2025 as set out on pages 3 to 10 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/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of John Golding (Heavy 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 accounts of John Golding (Heavy Haulage) Limited and state those matters that we have agreed to state to the Board of Directors of John Golding (Heavy 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/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Golding (Heavy Haulage) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that John Golding (Heavy 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 John Golding (Heavy Haulage) Limited. You consider that John Golding (Heavy 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 John Golding (Heavy 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.

......................................

Burton Sweet (Thornbury)
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

7 April 2025

 

John Golding (Heavy Haulage) Limited

(Registration number: 01098771)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

274

323

Investment property

5

500,000

500,000

 

500,274

500,323

Current assets

 

Debtors

6

857

857

Cash at bank and in hand

 

45,853

43,771

 

46,710

44,628

Creditors: Amounts falling due within one year

7

(86,340)

(86,118)

Net current liabilities

 

(39,630)

(41,490)

Total assets less current liabilities

 

460,644

458,833

Provisions for liabilities

(95,671)

(95,671)

Net assets

 

364,973

363,162

Capital and reserves

 

Called up share capital

3,000

3,000

Retained earnings

361,973

360,162

Shareholders' funds

 

364,973

363,162

For the financial year ending 28 February 2025 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

John Golding (Heavy Haulage) Limited

(Registration number: 01098771)
Balance Sheet as at 28 February 2025

Approved and authorised by the director on 7 April 2025
 

.........................................
Mrs S E Tarling
Director

 

John Golding (Heavy Haulage) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Abbey Mews
Kingswood
Wotton-under-Edge
Gloucestershire
GL12 8SH

These financial statements were authorised for issue by the director on 7 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

John Golding (Heavy Haulage) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

John Golding (Heavy Haulage) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

John Golding (Heavy Haulage) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Tangible assets

Other tangible assets
 £

Total
£

Cost or valuation

At 1 March 2024

16,972

16,972

At 28 February 2025

16,972

16,972

Depreciation

At 1 March 2024

16,649

16,649

Charge for the year

49

49

At 28 February 2025

16,698

16,698

Carrying amount

At 28 February 2025

274

274

At 29 February 2024

323

323

5

Investment properties

2025
£

At 1 March

500,000

At 28 February

500,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2025
£

2024
£

Trade debtors

642

642

Prepayments

215

215

 

857

857

 

John Golding (Heavy Haulage) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

276

120

Taxation and social security

3,920

3,166

Accruals and deferred income

15,355

16,355

Other creditors

66,789

66,477

86,340

86,118

 

John Golding (Heavy Haulage) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

8

Related party transactions

2025

At 1 March 2024
£

Repayments by director
£

At 28 February 2025
£

Loan

66,410

312

66,722

2024

At 1 March 2023
£

Repayments by director
£

At 29 February 2024
£

Loan

66,098

312

66,410