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REGISTERED NUMBER: 12291533 (England and Wales)















HARRY & SONS HAULAGE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST OCTOBER 2024






HARRY & SONS HAULAGE LTD (REGISTERED NUMBER: 12291533)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


HARRY & SONS HAULAGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: Mrs D L Harry
Mr C J S Harry
Mr I J S Harry
Mr K A S Harry





REGISTERED OFFICE: 86 Thresher Drive
SWINDON
Wiltshire
SN25 4AG





REGISTERED NUMBER: 12291533 (England and Wales)





ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG

HARRY & SONS HAULAGE LTD (REGISTERED NUMBER: 12291533)

STATEMENT OF FINANCIAL POSITION
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 477,407 500,200

CURRENT ASSETS
Debtors 5 285,089 193,568
Cash at bank 48,283 29,406
333,372 222,974
CREDITORS
Amounts falling due within one year 6 396,039 279,480
NET CURRENT LIABILITIES (62,667 ) (56,506 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,740

443,694

CREDITORS
Amounts falling due after more than
one year

7

(261,566

)

(341,927

)

PROVISIONS FOR LIABILITIES 8 (27,205 ) (7,841 )
NET ASSETS 125,969 93,926

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 125,869 93,826
SHAREHOLDERS' FUNDS 125,969 93,926

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

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

The directors acknowledge their 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.

HARRY & SONS HAULAGE LTD (REGISTERED NUMBER: 12291533)

STATEMENT OF FINANCIAL POSITION - continued
31ST OCTOBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th May 2025 and were signed on its behalf by:




Mr I J S Harry - Director Mr K A S Harry - Director




Mr C J S Harry - Director


HARRY & SONS HAULAGE LTD (REGISTERED NUMBER: 12291533)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

Harry & Sons Haulage Ltd is a private company, limited by shares, registered in England & Wales.

The company's registered number is 12291533.

The company's registered office address is 86 Thresher Drive, Swindon, Wiltshire SN25 4AG.

The financial statements are presented in Pound Sterling.

2. ACCOUNTING POLICIES

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

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

-Determine whether leases entered into by the company as a lessee are operating leases or
finance leases. These decisions depend on an assessment of whether the risks and rewards of
ownership have been transferred from the lessor to the lessee on a lease by lease basis.

-Determine the period of useful economic life and any residual value of all tangible fixed assets
order to write off the value of each asset over that period.

-Determine an appropriate provision for bad and doubtful debts by assessing the
recoverability of all balances on a balance by balance basis.

-Determine an appropriate provision for dilapidations by assessing the probable future
obligations expected to exist at the end of the property lease.

-Determine the valuation of revenue as described in the turnover accounting policy below.


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

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.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost and 12.5% on cost
Computer equipment - 33% on cost

Financial instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


HARRY & SONS HAULAGE LTD (REGISTERED NUMBER: 12291533)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

HARRY & SONS HAULAGE LTD (REGISTERED NUMBER: 12291533)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2023 608,745
Additions 77,353
Disposals (22,833 )
At 31st October 2024 663,265
DEPRECIATION
At 1st November 2023 108,545
Charge for year 92,524
Eliminated on disposal (15,211 )
At 31st October 2024 185,858
NET BOOK VALUE
At 31st October 2024 477,407
At 31st October 2023 500,200

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st November 2023 472,645
Additions 15,922
Transfer to ownership (18,750 )
At 31st October 2024 469,817
DEPRECIATION
At 1st November 2023 40,246
Charge for year 59,224
Transfer to ownership (10,017 )
At 31st October 2024 89,453
NET BOOK VALUE
At 31st October 2024 380,364
At 31st October 2023 432,399

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 269,593 182,830
Other debtors 15,496 10,738
285,089 193,568

HARRY & SONS HAULAGE LTD (REGISTERED NUMBER: 12291533)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 101,606 81,763
Trade creditors 192,096 130,101
Taxation and social security 52,916 13,904
Other creditors 49,421 53,712
396,039 279,480

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 261,566 341,927

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 90,707 95,038
Deferred tax losses (63,502 ) (87,197 )
27,205 7,841

Deferred
tax
£   
Balance at 1st November 2023 7,841
Credit to Statement of Income and Retained Earnings during year (4,331 )
Deferred tax losses 23,695
Balance at 31st October 2024 27,205

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100