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REGISTERED NUMBER: 05326849 (England and Wales)










Financial Statements

for the Year Ended 31 January 2025

for

Glenn Connelly Haulage Limited

Glenn Connelly Haulage Limited (Registered number: 05326849)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Glenn Connelly Haulage Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: G Connelly





SECRETARY: E Connelly





REGISTERED OFFICE: 21 Sherburn Terrace
Consett
DH8 6ND





REGISTERED NUMBER: 05326849 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
21 Sherburn Terrace
Consett
Co. Durham
DH8 6ND

Glenn Connelly Haulage Limited (Registered number: 05326849)

Balance Sheet
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 3 3

CURRENT ASSETS
Debtors 5 5,808 6,820
Cash at bank 22,429 15,791
28,237 22,611
CREDITORS
Amounts falling due within one year 6 (13,241 ) (12,413 )
NET CURRENT ASSETS 14,996 10,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,999

10,201

CAPITAL AND RESERVES
Called up share capital 2 1
Retained earnings 7 14,997 10,200
14,999 10,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 29 April 2025 and were signed by:





G Connelly - Director


Glenn Connelly Haulage Limited (Registered number: 05326849)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Glenn Connelly Haulage Limited 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.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Glenn Connelly Haulage Limited (Registered number: 05326849)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2024
and 31 January 2025 1,861
DEPRECIATION
At 1 February 2024
and 31 January 2025 1,858
NET BOOK VALUE
At 31 January 2025 3
At 31 January 2024 3

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 5,449 6,457
Prepayments 359 363
5,808 6,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 757 1,010
Corporation tax 5,813 3,357
VAT 1,937 1,846
Directors' loan accounts 2,994 4,737
Accrued expenses 1,740 1,463
13,241 12,413

7. RESERVES
Retained
earnings
£   

At 1 February 2024 10,200
Profit for the year 24,797
Dividends (20,000 )
At 31 January 2025 14,997