Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05125572 J Cornfield R Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05125572 2023-08-31 05125572 2024-08-31 05125572 2023-09-01 2024-08-31 05125572 frs-core:CurrentFinancialInstruments 2024-08-31 05125572 frs-core:MotorVehicles 2024-08-31 05125572 frs-core:MotorVehicles 2023-09-01 2024-08-31 05125572 frs-core:MotorVehicles 2023-08-31 05125572 frs-core:PlantMachinery 2024-08-31 05125572 frs-core:PlantMachinery 2023-09-01 2024-08-31 05125572 frs-core:PlantMachinery 2023-08-31 05125572 frs-core:ShareCapital 2024-08-31 05125572 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05125572 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05125572 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05125572 frs-bus:SmallEntities 2023-09-01 2024-08-31 05125572 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05125572 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05125572 frs-bus:Director1 2023-09-01 2024-08-31 05125572 frs-bus:Director1 2023-08-31 05125572 frs-bus:Director1 2024-08-31 05125572 frs-bus:Director2 2023-09-01 2024-08-31 05125572 frs-bus:Director2 2023-08-31 05125572 frs-bus:Director2 2024-08-31 05125572 frs-countries:EnglandWales 2023-09-01 2024-08-31 05125572 2022-08-31 05125572 2023-08-31 05125572 2022-09-01 2023-08-31 05125572 frs-core:CurrentFinancialInstruments 2023-08-31 05125572 frs-core:ShareCapital 2023-08-31 05125572 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05125572
Total Haulage (South Wales) Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05125572
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,521 -
13,521 -
CURRENT ASSETS
Debtors 5 2,913 -
Cash at bank and in hand 329 5,294
3,242 5,294
Creditors: Amounts Falling Due Within One Year 6 (23,637 ) (875 )
NET CURRENT ASSETS (LIABILITIES) (20,395 ) 4,419
TOTAL ASSETS LESS CURRENT LIABILITIES (6,874 ) 4,419
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,532 ) -
NET (LIABILITIES)/ASSETS (8,406 ) 4,419
CAPITAL AND RESERVES
Called up share capital 7 300 150
Profit and Loss Account (8,706 ) 4,269
SHAREHOLDERS' FUNDS (8,406) 4,419
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J Cornfield
Director
20/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Total Haulage (South Wales) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05125572 . The registered office is Unit 2 Ty Coch Industrial Estate, Ty Coch Way, Cwmbran, Torfaen, NP44 7HF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 3,500 - 3,500
Additions - 13,750 13,750
As at 31 August 2024 3,500 13,750 17,250
...CONTINUED
Page 2
Page 3
Depreciation
As at 1 September 2023 3,500 - 3,500
Provided during the period - 229 229
As at 31 August 2024 3,500 229 3,729
Net Book Value
As at 31 August 2024 - 13,521 13,521
As at 1 September 2023 - - -
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,913 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 87 -
Other creditors 23,550 875
23,637 875
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 150
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr James Cornfield - 150 8,481 - (8,331 )
Mr Robert Evans - - 13,720 - (13,718 )
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
During the year, there were transactions with a company with common directorship. Before the year end, the company went into administration and the directors have concluded it is unlikely the balance will be repaid and has made a provision accordingly. 
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