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REGISTERED NUMBER: SC306338 (Scotland)















Financial Statements for the Year Ended 31 August 2024

for

A Williamson Haulage Limited

A Williamson Haulage Limited (Registered number: SC306338)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A Williamson Haulage Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Miss E Carmichael
Mrs V Carmichael





SECRETARY: Mr. N Nisbet





REGISTERED OFFICE: c/o Neil Nisbet & Co.
2nd Floor, Thain House
226 Queensferry Road
Edinburgh
EH4 2BP





REGISTERED NUMBER: SC306338 (Scotland)





ACCOUNTANTS: Neil Nisbet & Co.
c/o Neil Nisbet & Co.
Thain House
226 Queensferry Road
Edinburgh
EH4 2BP

A Williamson Haulage Limited (Registered number: SC306338)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,520,686 1,722,581
1,520,686 1,722,581

CURRENT ASSETS
Debtors 6 708,794 823,384
Cash at bank 370,080 216,012
1,078,874 1,039,396
CREDITORS
Amounts falling due within one year 7 651,420 755,008
NET CURRENT ASSETS 427,454 284,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,948,140

2,006,969

CREDITORS
Amounts falling due after more than one year 8 (403,411 ) (538,460 )

PROVISIONS FOR LIABILITIES 9 (270,000 ) (250,750 )
NET ASSETS 1,274,729 1,217,759

CAPITAL AND RESERVES
Called up share capital 10 125,001 125,001
Retained earnings 11 1,149,728 1,092,758
SHAREHOLDERS' FUNDS 1,274,729 1,217,759

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

A Williamson Haulage Limited (Registered number: SC306338)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





Miss E Carmichael - Director


A Williamson Haulage Limited (Registered number: SC306338)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

A Williamson Haulage Limited is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost, 15% on cost and 10% 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.

A Williamson Haulage Limited (Registered number: SC306338)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. 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.

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 17 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 92,000
AMORTISATION
At 1 September 2023
and 31 August 2024 92,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

A Williamson Haulage Limited (Registered number: SC306338)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 15,553 3,074,626 3,090,179
Additions - 240,122 240,122
Disposals - (307,915 ) (307,915 )
At 31 August 2024 15,553 3,006,833 3,022,386
DEPRECIATION
At 1 September 2023 15,553 1,352,045 1,367,598
Charge for year - 317,242 317,242
Eliminated on disposal - (183,140 ) (183,140 )
At 31 August 2024 15,553 1,486,147 1,501,700
NET BOOK VALUE
At 31 August 2024 - 1,520,686 1,520,686
At 31 August 2023 - 1,722,581 1,722,581

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

Plant and
machinery
etc
£   
COST
At 1 September 2023 1,418,983
Additions 217,000
Transfer to ownership (291,537 )
At 31 August 2024 1,344,446
DEPRECIATION
At 1 September 2023 203,476
Charge for year 135,186
Transfer to ownership (93,296 )
At 31 August 2024 245,366
NET BOOK VALUE
At 31 August 2024 1,099,080
At 31 August 2023 1,215,507

A Williamson Haulage Limited (Registered number: SC306338)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 683,708 761,591
Other debtors 25,086 61,793
708,794 823,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 207,451 296,526
Trade creditors 172,259 242,368
Taxation and social security 94,977 49,449
Other creditors 166,733 156,665
651,420 755,008

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 8,333 18,333
Hire purchase contracts 395,078 520,127
403,411 538,460

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 270,000 250,750

Deferred
tax
£   
Balance at 1 September 2023 250,750
Accelerated capital allowances 19,250
Balance at 31 August 2024 270,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
125,001 Ordinary £1 125,001 125,001

A Williamson Haulage Limited (Registered number: SC306338)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. RESERVES
Retained
earnings
£   

At 1 September 2023 1,092,758
Profit for the year 56,970
At 31 August 2024 1,149,728

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Williamson Haulage Holdings Limited.