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COMPANY REGISTRATION NUMBER: NI602931
Donnell & Ellis Heavy Haulage Limited
Filleted Unaudited Financial Statements
31 August 2024
Donnell & Ellis Heavy Haulage Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
6,166,571
5,113,989
Investments
7
800,000
800,000
------------
------------
6,966,571
5,913,989
Current assets
Debtors
8
3,254,978
2,733,724
Cash at bank and in hand
2,395,207
3,094,593
------------
------------
5,650,185
5,828,317
Creditors: amounts falling due within one year
9
837,756
846,386
------------
------------
Net current assets
4,812,429
4,981,931
-------------
-------------
Total assets less current liabilities
11,779,000
10,895,920
Provisions
Taxation including deferred tax
10
907,642
739,818
-------------
-------------
Net assets
10,871,358
10,156,102
-------------
-------------
Capital and reserves
Called up share capital
100
100
Non-distributable reserves
34,980
35,813
Other reserves
149,614
149,614
Profit and loss account
10,686,664
9,970,575
-------------
-------------
Shareholders funds
10,871,358
10,156,102
-------------
-------------
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 income statement has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Donnell & Ellis Heavy Haulage Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 2 April 2025 , and are signed on behalf of the board by:
Mr William Donnell
Mrs Elaine Donnell
Director
Director
Company registration number: NI602931
Donnell & Ellis Heavy Haulage Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 46 Beltany Road, Omagh, Co Tyrone, BT78 5NF. The principal activity of the company during the year was freight transport by road.
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
Basis of preparation
The financial statements have been prepared on the historical cost basis and in accordance with FRS102. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. 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. Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the Statement of Financial Position date. Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Statement of Financial position date. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the average exchange rate. Goodwill Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Statement of Financial Position and amortised over its estimated useful life.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation.
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:
Land and Buildings
-
2% straight line
Plant and Machinery
-
20% reducing balance
Fixtures and Fittings
-
20% reducing balance
Equipment
-
10% straight line
Investments
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
A review of the fair value of the investment property was performed by the directors during the year based on the independent valuation carried out by Pollock Commercial LLP in September 2016.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 35 (2023: 35 ).
5. Intangible assets
Goodwill
£
Cost
At 1 September 2023 and 31 August 2024
800,000
---------
Amortisation
At 1 September 2023 and 31 August 2024
800,000
---------
Carrying amount
At 31 August 2024
---------
At 31 August 2023
---------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 September 2023
1,781,641
10,887,735
131,157
220,037
13,020,570
Additions
942,491
1,236,237
18,120
2,196,848
Disposals
( 1,316,623)
( 1,316,623)
------------
-------------
---------
---------
-------------
At 31 August 2024
2,724,132
10,807,349
149,277
220,037
13,900,795
------------
-------------
---------
---------
-------------
Depreciation
At 1 September 2023
260,661
7,494,923
106,990
44,007
7,906,581
Charge for the year
35,253
887,624
8,458
22,004
953,339
Disposals
( 1,125,696)
( 1,125,696)
------------
-------------
---------
---------
-------------
At 31 August 2024
295,914
7,256,851
115,448
66,011
7,734,224
------------
-------------
---------
---------
-------------
Carrying amount
At 31 August 2024
2,428,218
3,550,498
33,829
154,026
6,166,571
------------
-------------
---------
---------
-------------
At 31 August 2023
1,520,980
3,392,812
24,167
176,030
5,113,989
------------
-------------
---------
---------
-------------
7. Investments
Investment property
£
Cost
At 1 September 2023 and 31 August 2024
800,000
---------
Impairment
At 1 September 2023 and 31 August 2024
---------
Carrying amount
At 31 August 2024
800,000
---------
At 31 August 2023
800,000
---------
8. Debtors
2024
2023
£
£
Trade debtors
1,887,053
2,318,581
Prepayments and accrued income
238,423
216,715
Other debtors
1,129,502
198,428
------------
------------
3,254,978
2,733,724
------------
------------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
237,976
285,631
Accruals and deferred income
168,197
124,310
Social security and other taxes
352,017
331,573
Other creditors
79,566
104,872
---------
---------
837,756
846,386
---------
---------
10. Provisions
Deferred tax
£
At 1 September 2023
739,818
Charge against provision
167,824
---------
At 31 August 2024
907,642
---------
11. Directors' advances, credits and guarantees
During the year the directors withdrew £25,306 from the company. As at the 31 August 2024 the balance owed to the directors was £79,566 (2023: £104,872).