IRIS Accounts Production v25.1.0.734 03875528 director 1.1.24 31.12.24 31.12.24 true false true false false true false Fair value model Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038755282023-12-31038755282024-12-31038755282024-01-012024-12-31038755282022-12-31038755282023-01-012023-12-31038755282023-12-3103875528ns15:EnglandWales2024-01-012024-12-3103875528ns14:PoundSterling2024-01-012024-12-3103875528ns10:Director12024-01-012024-12-3103875528ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103875528ns10:SmallEntities2024-01-012024-12-3103875528ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3103875528ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103875528ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103875528ns10:FullAccounts2024-01-012024-12-3103875528ns10:OrdinaryShareClass12024-01-012024-12-3103875528ns10:OrdinaryShareClass22024-01-012024-12-3103875528ns10:OrdinaryShareClass32024-01-012024-12-3103875528ns10:RegisteredOffice2024-01-012024-12-3103875528ns5:CurrentFinancialInstruments2024-12-3103875528ns5:CurrentFinancialInstruments2023-12-3103875528ns5:Non-currentFinancialInstruments2024-12-3103875528ns5:Non-currentFinancialInstruments2023-12-3103875528ns5:ShareCapital2024-12-3103875528ns5:ShareCapital2023-12-3103875528ns5:RetainedEarningsAccumulatedLosses2024-12-3103875528ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3103875528ns5:PlantMachinery2024-01-012024-12-3103875528ns5:MotorVehicles2024-01-012024-12-3103875528ns5:ComputerEquipment2024-01-012024-12-3103875528ns5:LandBuildings2023-12-3103875528ns5:PlantMachinery2023-12-3103875528ns5:MotorVehicles2023-12-3103875528ns5:ComputerEquipment2023-12-3103875528ns5:LandBuildings2024-01-012024-12-3103875528ns5:LandBuildings2024-12-3103875528ns5:PlantMachinery2024-12-3103875528ns5:MotorVehicles2024-12-3103875528ns5:ComputerEquipment2024-12-3103875528ns5:LandBuildings2023-12-3103875528ns5:PlantMachinery2023-12-3103875528ns5:MotorVehicles2023-12-3103875528ns5:ComputerEquipment2023-12-3103875528ns5:CostValuation2023-12-3103875528ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3103875528ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3103875528ns10:OrdinaryShareClass12024-12-3103875528ns10:OrdinaryShareClass22024-12-3103875528ns10:OrdinaryShareClass32024-12-31
REGISTERED NUMBER: 03875528 (England and Wales)





CARL WRIGHT HAULAGE & PLANT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






CARL WRIGHT HAULAGE & PLANT LTD (REGISTERED NUMBER: 03875528)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARL WRIGHT HAULAGE & PLANT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr C Wright



SECRETARY: Mrs N L Wright



REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



REGISTERED NUMBER: 03875528 (England and Wales)



ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



BANKERS: Barclays Bank Plc
23 Market Place
Mansfield
Nottinghamshire
NG18 1HT

CARL WRIGHT HAULAGE & PLANT LTD (REGISTERED NUMBER: 03875528)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 3,163,209 3,205,954
Investments 6 1,809,000 1,809,000
Investment property 7 199,711 199,711
5,171,920 5,214,665

CURRENT ASSETS
Stocks 23,166 20,220
Debtors 8 1,769,937 1,663,686
Cash at bank 1,143,796 640,818
2,936,899 2,324,724
CREDITORS
Amounts falling due within one year 9 1,493,539 1,125,738
NET CURRENT ASSETS 1,443,360 1,198,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,615,280

6,413,651

CREDITORS
Amounts falling due after more than one
year

10

(687,006

)

(727,035

)

PROVISIONS FOR LIABILITIES (546,406 ) (811,293 )
NET ASSETS 5,381,868 4,875,323

CAPITAL AND RESERVES
Called up share capital 12 3 3
Retained earnings 5,381,865 4,875,320
SHAREHOLDERS' FUNDS 5,381,868 4,875,323

CARL WRIGHT HAULAGE & PLANT LTD (REGISTERED NUMBER: 03875528)

BALANCE SHEET - continued
31 DECEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2025 and were signed by:





Mr C Wright - Director


CARL WRIGHT HAULAGE & PLANT LTD (REGISTERED NUMBER: 03875528)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Carl Wright Haulage & Plant Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Shares in group undertakings, within fixed asset investments are valued at cost. The director believes this valuation is still appropriate given the economic benefits to Carl Wright Haulage & Plant Ltd by this investment.

The other significant judgements and estimates are detailed in the accounting policy of the fixed assets depreciation rates. The rates are annually reviewed in line to what the directors believe the assets are worth, taking into account the income streams generated by those assets.

Turnover
Turnover represents the value excluding Value Added Tax of haulage services provided to customers during the year. In respect of services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% straight line
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

CARL WRIGHT HAULAGE & PLANT LTD (REGISTERED NUMBER: 03875528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CARL WRIGHT HAULAGE & PLANT LTD (REGISTERED NUMBER: 03875528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Financial instruments 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.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 43 ) .

CARL WRIGHT HAULAGE & PLANT LTD (REGISTERED NUMBER: 03875528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 821,934 1,557,713 3,462,447 126,904 5,968,998
Additions - 68,784 675,666 1,976 746,426
Disposals - - (406,000 ) - (406,000 )
At 31 December 2024 821,934 1,626,497 3,732,113 128,880 6,309,424
DEPRECIATION
At 1 January 2024 9,895 1,041,035 1,636,462 75,652 2,763,044
Charge for year 1,991 133,473 566,671 7,841 709,976
Eliminated on disposal - - (326,805 ) - (326,805 )
At 31 December 2024 11,886 1,174,508 1,876,328 83,493 3,146,215
NET BOOK VALUE
At 31 December 2024 810,048 451,989 1,855,785 45,387 3,163,209
At 31 December 2023 812,039 516,678 1,825,985 51,252 3,205,954


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1,809,000
NET BOOK VALUE
At 31 December 2024 1,809,000
At 31 December 2023 1,809,000

The company owns the entire share capital of Broomco (1997) Limited.

CARL WRIGHT HAULAGE & PLANT LTD (REGISTERED NUMBER: 03875528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 199,711
NET BOOK VALUE
At 31 December 2024 199,711
At 31 December 2023 199,711

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 893,837 749,990
Amounts owed by group undertakings 461,969 313,801
Amounts owed by related parties 330,012 533,021
Other debtors - (2,114 )
Directors' current accounts 1 -
Prepayments and accrued income 84,118 68,988
1,769,937 1,663,686

CARL WRIGHT HAULAGE & PLANT LTD (REGISTERED NUMBER: 03875528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 480,000 377,067
Trade creditors 332,515 340,631
Corporation tax 138,733 -
Social security and other taxes 35,806 38,462
VAT 180,749 142,132
Other creditors 7,299 925
Credit card 8,590 3,767
Wages control account 22,192 19
Directors' current accounts 1 1
Accruals and deferred income 287,654 222,734
1,493,539 1,125,738

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 687,006 727,035

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Hire purchase contracts 1,167,006 1,104,102

CARL WRIGHT HAULAGE & PLANT LTD (REGISTERED NUMBER: 03875528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as
restated
£    £   
1 Ordinary £1 1 1
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
3 3

13. RELATED PARTY DISCLOSURES

During the year the company traded with various related parties

The aggregate amount owed by related parties at the year end was £330,012 (2023: £533,021)
The aggregate amount owed by group companies at the year end was £461,969 (2023: £313,801).

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Wright.