John Hackling (Holdings) Limited 11499995 false 2023-10-01 2024-09-30 2024-09-30 2024-09-30 The principal activity of the company is that of a parent company of the John Hackling group of companies and the group trades as haulage contractors and warehousing. Digita Accounts Production Advanced 6.30.9574.0 true true true false Class 1 Class 2 Class 3 true false 11499995 2023-10-01 2024-09-30 11499995 2024-09-30 11499995 bus:OrdinaryShareClass1 bus:Consolidated 2024-09-30 11499995 bus:Consolidated 2024-09-30 11499995 core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 11499995 core:AcceleratedTaxDepreciationDeferredTax bus:Consolidated 2024-09-30 11499995 core:OtherDeferredTax bus:Consolidated 2024-09-30 11499995 core:RetainedEarningsAccumulatedLosses 2024-09-30 11499995 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2024-09-30 11499995 core:RevaluationReserve bus:Consolidated 2024-09-30 11499995 core:ShareCapital 2024-09-30 11499995 core:ShareCapital bus:Consolidated 2024-09-30 11499995 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2024-09-30 11499995 core:FinanceLeases core:CurrentFinancialInstruments 2024-09-30 11499995 core:FinanceLeases core:CurrentFinancialInstruments bus:Consolidated 2024-09-30 11499995 core:FinanceLeases core:Non-currentFinancialInstruments 2024-09-30 11499995 core:FinanceLeases core:Non-currentFinancialInstruments bus:Consolidated 2024-09-30 11499995 core:CurrentFinancialInstruments 2024-09-30 11499995 core:CurrentFinancialInstruments bus:Consolidated 2024-09-30 11499995 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 11499995 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2024-09-30 11499995 core:Non-currentFinancialInstruments 2024-09-30 11499995 core:Non-currentFinancialInstruments bus:Consolidated 2024-09-30 11499995 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 11499995 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2024-09-30 11499995 core:BetweenTwoFiveYears bus:Consolidated 2024-09-30 11499995 core:WithinOneYear bus:Consolidated 2024-09-30 11499995 core:FurnitureFittingsToolsEquipment bus:Consolidated 2024-09-30 11499995 core:LandBuildings bus:Consolidated 2024-09-30 11499995 core:MotorVehicles bus:Consolidated 2024-09-30 11499995 bus:FRS102 bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:Audited bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:FullAccounts bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:RegisteredOffice bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:Director1 2023-10-01 2024-09-30 11499995 bus:Director1 bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:Director2 bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:Director3 bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:Director4 bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:Director5 bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:HighestPaidDirector bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:OrdinaryShareClass1 bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:Consolidated 1 2023-10-01 2024-09-30 11499995 bus:Consolidated 3 2023-10-01 2024-09-30 11499995 bus:Consolidated 1 2023-10-01 2024-09-30 11499995 bus:PrivateLimitedCompanyLtd bus:Consolidated 2023-10-01 2024-09-30 11499995 bus:ConsolidatedGroupCompanyAccounts 2023-10-01 2024-09-30 11499995 bus:Agent1 bus:Consolidated 2023-10-01 2024-09-30 11499995 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 11499995 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2023-10-01 2024-09-30 11499995 core:RevaluationReserve bus:Consolidated 2023-10-01 2024-09-30 11499995 core:ShareCapital 2023-10-01 2024-09-30 11499995 core:ShareCapital bus:Consolidated 2023-10-01 2024-09-30 11499995 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2023-10-01 2024-09-30 11499995 core:OtherAssetsUnderOperatingLeases bus:Consolidated 2023-10-01 2024-09-30 11499995 core:ReportableOperatingSegment1 bus:Consolidated 2023-10-01 2024-09-30 11499995 core:ReportableOperatingSegment2 bus:Consolidated 2023-10-01 2024-09-30 11499995 core:ReportableOperatingSegment3 bus:Consolidated 2023-10-01 2024-09-30 11499995 core:Buildings bus:Consolidated 2023-10-01 2024-09-30 11499995 core:FurnitureFittingsToolsEquipment bus:Consolidated 2023-10-01 2024-09-30 11499995 core:LandBuildings bus:Consolidated 2023-10-01 2024-09-30 11499995 core:MotorVehicles bus:Consolidated 2023-10-01 2024-09-30 11499995 core:OfficeEquipment bus:Consolidated 2023-10-01 2024-09-30 11499995 core:Subsidiary1 2023-10-01 2024-09-30 11499995 core:Subsidiary1 1 2023-10-01 2024-09-30 11499995 core:UKTax bus:Consolidated 2023-10-01 2024-09-30 11499995 countries:EnglandWales bus:Consolidated 2023-10-01 2024-09-30 11499995 2023-09-30 11499995 bus:Consolidated 2023-09-30 11499995 core:RetainedEarningsAccumulatedLosses 2023-09-30 11499995 core:RetainedEarningsAccumulatedLosses bus:Consolidated core:PreviouslyStatedAmount 2023-09-30 11499995 core:RevaluationReserve bus:Consolidated core:PreviouslyStatedAmount 2023-09-30 11499995 core:ShareCapital 2023-09-30 11499995 core:ShareCapital bus:Consolidated core:PreviouslyStatedAmount 2023-09-30 11499995 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated core:PreviouslyStatedAmount 2023-09-30 11499995 core:FurnitureFittingsToolsEquipment bus:Consolidated 2023-09-30 11499995 core:LandBuildings bus:Consolidated 2023-09-30 11499995 core:MotorVehicles bus:Consolidated 2023-09-30 11499995 2022-10-01 2023-09-30 11499995 2023-09-30 11499995 bus:OrdinaryShareClass1 bus:Consolidated 2023-09-30 11499995 bus:Consolidated 2023-09-30 11499995 core:AcceleratedTaxDepreciationDeferredTax 2023-09-30 11499995 core:AcceleratedTaxDepreciationDeferredTax bus:Consolidated 2023-09-30 11499995 core:OtherDeferredTax bus:Consolidated 2023-09-30 11499995 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2023-09-30 11499995 core:RevaluationReserve bus:Consolidated 2023-09-30 11499995 core:ShareCapital bus:Consolidated 2023-09-30 11499995 core:FinanceLeases core:CurrentFinancialInstruments 2023-09-30 11499995 core:FinanceLeases core:CurrentFinancialInstruments bus:Consolidated 2023-09-30 11499995 core:FinanceLeases core:Non-currentFinancialInstruments 2023-09-30 11499995 core:FinanceLeases core:Non-currentFinancialInstruments bus:Consolidated 2023-09-30 11499995 core:CurrentFinancialInstruments 2023-09-30 11499995 core:CurrentFinancialInstruments bus:Consolidated 2023-09-30 11499995 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 11499995 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2023-09-30 11499995 core:Non-currentFinancialInstruments 2023-09-30 11499995 core:Non-currentFinancialInstruments bus:Consolidated 2023-09-30 11499995 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 11499995 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2023-09-30 11499995 core:BetweenTwoFiveYears bus:Consolidated 2023-09-30 11499995 core:WithinOneYear bus:Consolidated 2023-09-30 11499995 core:FurnitureFittingsToolsEquipment bus:Consolidated 2023-09-30 11499995 core:LandBuildings bus:Consolidated 2023-09-30 11499995 core:MotorVehicles bus:Consolidated 2023-09-30 11499995 bus:HighestPaidDirector bus:Consolidated 2022-10-01 2023-09-30 11499995 bus:Consolidated 2022-10-01 2023-09-30 11499995 bus:Consolidated 1 2022-10-01 2023-09-30 11499995 bus:Consolidated 3 2022-10-01 2023-09-30 11499995 core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 11499995 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2022-10-01 2023-09-30 11499995 core:RevaluationReserve bus:Consolidated 2022-10-01 2023-09-30 11499995 core:ShareCapital 2022-10-01 2023-09-30 11499995 core:ShareCapital bus:Consolidated 2022-10-01 2023-09-30 11499995 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated 2022-10-01 2023-09-30 11499995 core:OtherAssetsUnderOperatingLeases bus:Consolidated 2022-10-01 2023-09-30 11499995 core:ReportableOperatingSegment1 bus:Consolidated 2022-10-01 2023-09-30 11499995 core:ReportableOperatingSegment2 bus:Consolidated 2022-10-01 2023-09-30 11499995 core:ReportableOperatingSegment3 bus:Consolidated 2022-10-01 2023-09-30 11499995 core:Subsidiary1 1 2022-10-01 2023-09-30 11499995 core:UKTax bus:Consolidated 2022-10-01 2023-09-30 11499995 2022-09-30 11499995 bus:Consolidated 2022-09-30 11499995 core:RetainedEarningsAccumulatedLosses 2022-09-30 11499995 core:RetainedEarningsAccumulatedLosses bus:Consolidated core:PreviouslyStatedAmount 2022-09-30 11499995 core:RevaluationReserve bus:Consolidated core:PreviouslyStatedAmount 2022-09-30 11499995 core:ShareCapital 2022-09-30 11499995 core:ShareCapital bus:Consolidated core:PreviouslyStatedAmount 2022-09-30 11499995 core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests bus:Consolidated core:PreviouslyStatedAmount 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11499995

John Hackling (Holdings) Limited

Annual Report and Consolidated Financial Statements

for the Year Ended 30 September 2024

 

John Hackling (Holdings) Limited

Contents

Company Information

1

Strategic Report

2

Directors' Report

3

Statement of Directors' Responsibilities

4

Independent Auditor's Report

5 to 7

Consolidated Profit and Loss Account

8

Consolidated Balance Sheet

9

Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Statement of Changes in Equity

12

Consolidated Statement of Cash Flows

13

Notes to the Financial Statements

14 to 26

 

John Hackling (Holdings) Limited

Company Information

Directors

K J Hackling

D Hackling

D K Hackling

A D Hackling-O'Driscoll

S A Mitchell

Registered office

Hackling House
Bourton Industrial Park
Bourton-On-The-Water
Gloucestershire,
GL54 2EP

Bankers

Barclays Bank plc
Cheltenham
128 High Street
Cheltenham
GL50 1 EL

Auditors

Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
GL51 0UX

 

John Hackling (Holdings) Limited

Strategic Report for the Year Ended 30 September 2024

The directors present their strategic report for the year ended 30 September 2024.

Principal activity

The principal activity of the group is that of a parent company of the John Hackling group of companies and the group trades as haulage contractors and warehousing.

Fair review of the business

The results for the year which are set out in the profit and loss account show turnover of £15,477,000 (2023 - £15,913,567) and an operating profit of £1,885,105 (2023 - £2,111,191). At 30 September 2024 the group had net assets of £24,621,148 (2023 - £23,391,108). The directors consider the performance for the year and the financial position at the year end to be satisfactory.

Key performance indicators

Given the nature of the business, the company's directors are of the opinion that key performance indicators are important. The company uses a number of indicators to monitor and improve the development, performance and position of the business. Indicators are reviewed and altered to meet changes in the internal and external environments.

Principal risks and uncertainties

The management of the group and the execution of the group's strategy are subject to a number of risks. The key business risks and uncertainties affecting the company are considered to relate to competition from other national haulage contractors and changes in external factors which influence the company's cost base, particularly in respect of fuel prices.

Financial instruments

The group does not actively use financial instruments as part of its financial risk management. It is exposed to the usual credit risk and cash flow risk selling on credit and manages this through credit control procedures.

Going concern

In accordance with Financial Reporting Council's 'Going Concern and Liquidity Risk; Guidance for Directors of UK Companies 2006, the directors of all companies are now required to provide disclosures regarding the adoption of going concern basis of accounting.

The group has sufficient financial resources available and is currently trading profitably and generating cash. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future and have continued to adopt the going concern basis in preparing the accounts.

In making the current year's assessment the Directors have considered the available cash reserves and other facilities at the point of approving the financial statements and reviewed forecasts.

Approved by the Board on 23 June 2025 and signed on its behalf by:


K J Hackling
Director

 

John Hackling (Holdings) Limited

Directors' Report for the Year Ended 30 September 2024

The directors present their report and the for the year ended 30 September 2024.

Directors of the company

The directors who held office during the year were as follows:

K J Hackling

D Hackling

D K Hackling

A D Hackling-O'Driscoll

S A Mitchell

Future developments

The external commercial environment was expected to remain competitive during 2024, however the volatility of fuel prices had, and will continue for some time to have, a significant impact on results. Actions taken by the Directors has put the group in a good position to continue to react and operate while monitoring the situation.

Disclosure of information to the auditor

Each director has taken the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

Reappointment of auditors

Hazlewoods have expressed their willingness to continue in office.

Approved by the Board on 23 June 2025 and signed on its behalf by:


K J Hackling
Director

 

John Hackling (Holdings) Limited

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

John Hackling (Holdings) Limited

Independent Auditor's Report to the Members of John Hackling (Holdings) Limited

Opinion

We have audited the financial statements of John Hackling (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024, which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the group's and the parent company's affairs as at 30 September 2024 and of the group's profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

 

John Hackling (Holdings) Limited

Independent Auditor's Report to the Members of John Hackling (Holdings) Limited

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

the parent company financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group’s and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We considered the nature of the group's and parent company industry and its control environment and reviewed the group's and parent company documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management about their own identification and assessment of the risks of irregularities.

We obtained an understanding of the legal and regulatory framework that the group and parent company operates in and identified the key laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements, including the UK Companies Act and tax legislation, and, those that do not have a direct effect on the financial statements but compliance with which may be fundamental to the group and parent company ability to operate or to avoid a material penalty.

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgments made in accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

In addition to the above, our procedures to respond to the risks identified included the following:

reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatements due to fraud;

enquiring of management concerning actual and potential litigation and claims and instances of non-compliance with laws and regulations; and

 

John Hackling (Holdings) Limited

Independent Auditor's Report to the Members of John Hackling (Holdings) Limited

reading minutes of meetings of those charged with governance.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities is available on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.





Ryan Hancock (Senior Statutory Auditor)
For and on behalf of Hazlewoods LLP, Statutory Auditor

Staverton Court
Staverton
Cheltenham
GL51 0UX

23 June 2025

 

John Hackling (Holdings) Limited

Consolidated Profit and Loss Account for the Year Ended 30 September 2024

Note

2024
£

2023
£

Turnover

3

15,477,000

15,913,567

Cost of sales

 

(11,009,050)

(10,926,993)

Gross profit

 

4,467,950

4,986,574

Administrative expenses

 

(4,728,025)

(4,753,624)

Other operating income

4

2,145,180

1,878,241

Operating profit

5

1,885,105

2,111,191

Other interest receivable and similar income

6

25,838

24,280

Interest payable and similar expenses

7

(227,203)

(299,386)

   

(201,365)

(275,106)

Profit before tax

 

1,683,740

1,836,085

Tax on profit

11

(453,700)

(614,269)

Profit for the financial year

 

1,230,040

1,221,816

The above results were derived from continuing operations.

 

John Hackling (Holdings) Limited

(Registration number: 11499995)
Consolidated Balance Sheet as at 30 September 2024

Note

2024
 £

2023
 £

Fixed assets

 

Tangible assets

12

27,076,107

26,654,804

Other financial assets

14

56,000

56,000

 

27,132,107

26,710,804

Current assets

 

Stocks

15

69,471

153,526

Debtors

16

2,857,454

2,774,423

Cash at bank and in hand

17

2,453,620

2,418,289

 

5,380,545

5,346,238

Creditors: amounts falling due within one year

18

(3,550,612)

(3,494,608)

Net current assets

 

1,829,933

1,851,630

Total assets less current liabilities

 

28,962,040

28,562,434

Creditors: amounts falling due after more than one year

18

(3,209,875)

(3,945,795)

Provisions for liabilities

11

(1,131,017)

(1,225,531)

Net assets

 

24,621,148

23,391,108

Capital and reserves

 

Called up share capital

21

9,000

9,000

Revaluation reserve

2,924,351

2,924,351

Profit and loss account

21,687,797

20,457,757

Total equity

 

24,621,148

23,391,108

Approved and authorised by the Board on 23 June 2025 and signed on its behalf by:
 

K J Hackling
Director

 

John Hackling (Holdings) Limited

(Registration number: 11499995)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

12

27,076,107

26,654,804

Investments

13

9,000

9,000

 

27,085,107

26,663,804

Current assets

 

Debtors

16

338,043

328,522

Cash at bank and in hand

 

1,567,294

1,342,106

 

1,905,337

1,670,628

Creditors: Amounts falling due within one year

18

(5,022,492)

(4,885,334)

Net current liabilities

 

(3,117,155)

(3,214,706)

Total assets less current liabilities

 

23,967,952

23,449,098

Creditors: Amounts falling due after more than one year

18

(3,209,875)

(3,830,524)

Provisions for liabilities

(1,137,224)

(1,227,743)

Net assets

 

19,620,853

18,390,831

Capital and reserves

 

Called up share capital

21

9,000

9,000

Retained earnings

19,611,853

18,381,831

Shareholders' funds

 

19,620,853

18,390,831

The company made a profit after tax for the financial year of £1,160,022 (2023 - profit of £1,222,483).

Approved and authorised by the Board on 23 June 2025 and signed on its behalf by:
 

K J Hackling
Director

 

John Hackling (Holdings) Limited

Consolidated Statement of Changes in Equity for the Year Ended 30 September 2024
Equity attributable to the parent company

Share capital
£

Revaluation reserve
£

Profit and loss account
£

Total
£

At 1 October 2023

9,000

2,924,351

20,457,757

23,391,108

Profit for the year

-

-

1,230,040

1,230,040

At 30 September 2024

9,000

2,924,351

21,687,797

24,621,148

Share capital
£

Revaluation reserve
£

Profit and loss account
£

Total
£

At 1 October 2022

9,000

2,924,351

19,235,941

22,169,292

Profit for the year

-

-

1,221,816

1,221,816

At 30 September 2023

9,000

2,924,351

20,457,757

23,391,108

 

John Hackling (Holdings) Limited

Statement of Changes in Equity for the Year Ended 30 September 2024

Share capital
£

Profit and loss account
£

Total
£

At 1 October 2023

9,000

18,381,831

18,390,831

Profit for the year

-

1,230,022

1,230,022

At 30 September 2024

9,000

19,611,853

19,620,853

Share capital
£

Profit and loss account
£

Total
£

At 1 October 2022

9,000

17,159,348

17,168,348

Profit for the year

-

1,222,483

1,222,483

At 30 September 2023

9,000

18,381,831

18,390,831

 

John Hackling (Holdings) Limited

Consolidated Statement of Cash Flows for the Year Ended 30 September 2024

Note

2024
£

2023
£

Cash flows from operating activities

Profit for the year

 

1,230,040

1,221,816

Adjustments to cash flows from non-cash items

 

Depreciation and amortisation

5

1,424,885

1,292,718

Finance income

6

(25,838)

(24,280)

Finance costs

7

227,203

299,386

Income tax expense

11

453,700

614,269

 

3,309,990

3,403,909

Working capital adjustments

 

Decrease/(increase) in stocks

15

84,055

(20,422)

(Increase)/decrease in trade debtors

16

(83,031)

629,691

Increase/(decrease) in trade creditors

18

48,648

(192,770)

Cash generated from operations

 

3,359,662

3,820,408

Income taxes (paid)/received

11

(184,609)

83,759

Net cash flow from operating activities

 

3,175,053

3,904,167

Cash flows from investing activities

 

Interest received

10,370

21,680

Acquisitions of tangible assets

(2,083,500)

(2,626,730)

Proceeds from sale of tangible assets

 

237,310

174,258

Dividend income

15,468

2,600

Net cash flows from investing activities

 

(1,820,352)

(2,428,192)

Cash flows from financing activities

 

Interest paid

7

(227,203)

(299,386)

Proceeds from bank borrowing draw downs

 

(333,072)

(202,151)

Repayment of other borrowing

 

(186,059)

996,682

Payments to finance lease creditors

 

(573,036)

(626,406)

Net cash flows from financing activities

 

(1,319,370)

(131,261)

Net increase in cash and cash equivalents

 

35,331

1,344,714

Cash and cash equivalents at 1 October

 

2,418,289

1,073,575

Cash and cash equivalents at 30 September

 

2,453,620

2,418,289

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hackling House
Bourton Industrial Park
Bourton-On-The-Water
Gloucestershire,
GL54 2EP

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 30 September 2024.

A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.

The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.

Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.

Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.

Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Critical accounting judgements and key sources of estimation uncertainty
In the application of the group's and parent company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future period.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Going concern

After reviewing the group's and parent company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The group and parent company therefore continues to adopt the going concern basis in preparing its financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The group recognises revenue when:
• The amount of revenue can be reliably measured;
• it is probable that future economic benefits will flow to the entity;
• and specific criteria have been met for each of the group's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements and on unused tax losses or tax credits in the group. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Buildings

2% on cost

Furniture, Fittings and Equipment

25% on cost

Motor Vehicles

25% on cost

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the debtors.

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to and sell.

The cost of finished goods includes cost of purchase and other costs that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

3

Turnover

The analysis of the group's turnover for the year by class of business is as follows:

2024
£

2023
£

Haulage

13,442,204

13,190,213

Storage and handling

1,982,806

2,699,023

Other

51,990

24,331

15,477,000

15,913,567

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

 

4

Other operating income

The analysis of the group's other operating income for the year is as follows:

2024
£

2023
£

Rent receivable

2,005,028

1,778,626

Other income

140,152

99,615

2,145,180

1,878,241


 

 

5

Operating profit

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,536,717

1,391,829

Operating lease expense - other

1,426

4,475

Profit on disposal of property, plant and equipment

(111,832)

(99,111)

 

6

Other interest receivable and similar income

2024
£

2023
£

Interest income on investments

10,370

21,680

Dividend income

15,468

2,600

25,838

24,280

 

7

Interest payable and similar expenses

2024
£

2023
£

Interest on bank overdrafts and borrowings

199,300

243,655

Interest on obligations under finance leases and hire purchase contracts

27,903

55,431

Interest expense on other finance liabilities

-

300

227,203

299,386

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

 

8

Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

2024
£

2023
£

Wages and salaries

4,998,911

5,193,152

Social security costs

516,874

524,165

Pension costs, defined contribution scheme

213,268

216,272

5,729,053

5,933,589

The average number of persons employed by the group (including directors) during the year, analysed by category was as follows:

2024
 No.

2023
 No.

Production

97

104

Administration and support

33

32

Directors

4

4

134

140

 

9

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

280,017

214,677

Contributions paid to money purchase schemes

81,064

39,151

361,081

253,828

In respect of the highest paid director:

2024
£

2023
£

Remuneration

97,057

89,402

 

10

Auditors' remuneration

2024
£

2023
£

Audit of Company financial statements

21,600

20,600


 

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

 

11

Taxation

Tax charged/(credited) in the consolidated profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

556,707

184,608

UK corporation tax adjustment to prior periods

(8,493)

(33,078)

548,214

151,530

Deferred taxation

Arising from origination and reversal of timing differences

(94,514)

295,448

Arising from previously unrecognised tax loss, tax credit or temporary difference of prior periods

-

167,291

Total deferred taxation

(94,514)

462,739

Tax expense in the income statement

453,700

614,269

The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2023 - higher than the standard rate of corporation tax in the UK) of 25% (2023 - 22%).

The differences are reconciled below:

2024
£

2023
£

Profit before tax

1,683,740

1,836,085

Corporation tax at standard rate

420,935

404,089

Tax increase from effect of capital allowances and depreciation

36,516

17,227

Effect of revenues exempt from taxation

(3,867)

(572)

Effect of expense not deductible in determining taxable profit (tax loss)

9,010

23,955

(Decrease)/increase in UK and foreign current tax from adjustments for prior periods

(8,493)

134,213

Tax decrease arising from marginal relief

(401)

-

UK deferred tax expense relating to changes in tax rates or laws

-

35,357

Total tax charge

453,700

614,269

Deferred tax

Group

Deferred tax assets and liabilities

2024

Liability
£

Accelerated capital allowances

1,137,224

Short term timing differences

6,207

1,143,431

2023

Liability
£

Accelerated capital allowances

1,227,743

Short term timing differences

(2,212)

1,225,531

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Company

Deferred tax assets and liabilities

2024

Liability
£

Accelerated capital allowances

1,137,224

1,137,224

2023

Liability
£

Accelerated capital allowances

1,227,743

1,227,743

 

12

Tangible assets

Group and Company

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

21,882,824

2,258,473

8,671,093

32,812,390

Additions

1,288,354

(21,414)

816,560

2,083,500

Disposals

-

(4,711)

(1,350,092)

(1,354,803)

At 30 September 2024

23,171,178

2,232,348

8,137,561

33,541,087

Depreciation

At 1 October 2023

695,539

1,555,335

3,906,713

6,157,587

Charge for the year

146,063

200,706

1,189,949

1,536,718

Eliminated on disposal

-

(4,711)

(1,224,614)

(1,229,325)

At 30 September 2024

841,602

1,751,330

3,872,048

6,464,980

Carrying amount

At 30 September 2024

22,329,576

481,018

4,265,513

27,076,107

At 30 September 2023

21,187,285

703,139

4,764,380

26,654,804

Assets held under finance leases and hire purchase contracts

The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:

2024
£

2023
£

Motor vehicles

1,869,424

2,254,732

   
 

13

Investments

Company

2024
£

2023
£

Investments in subsidiaries

9,000

9,000

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

John Hackling (Transport) Limited

Hackling House
Bourton Industrial Estate
Bourton-on-the-water
Cheltenham
GL54 2EP

Ordinary

100%

100%

John Hackling (Transport) Limited

The principal activity of John Hackling (Transport) Limited is haulage contractors and warehousing.

 

14

Other financial assets

Group

Unlisted investments
£

Non-current financial assets

Cost or valuation

At 1 October 2023 and 30 September 2024

56,000

 

15

Stocks

 

Group

Company

2024
£

2023
£

2024
£

2023
£

Consumables

69,471

153,526

-

-

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

 

16

Debtors

 

Group

Company

2024
£

2023
£

2024
£

2023
£

Trade debtors

2,576,760

2,494,477

335,288

293,735

Other debtors

7,429

44,883

-

33,276

Prepayments

273,265

235,063

2,755

1,511

2,857,454

2,774,423

338,043

328,522

 

17

Cash and cash equivalents

 

Group

Company

2024
£

2023
£

2024
£

2023
£

Cash on hand

49

348

-

-

Cash at bank

2,453,571

2,417,941

1,567,294

1,342,106

2,453,620

2,418,289

1,567,294

1,342,106

 

18

Creditors

   

Group

Company

Note

2024
£

2023
£

2024
£

2023
£

Due within one year

 

Loans and borrowings

19

817,188

1,173,437

817,188

955,636

Trade creditors

 

768,583

1,037,981

23,677

79,721

Amounts due to related parties

24

-

-

2,806,252

3,203,756

Social security and other taxes

 

609,671

473,933

83,405

-

Other payables

 

29,111

18,241

-

-

Accruals

 

772,776

601,338

743,651

574,888

Corporation tax liability

11

553,283

189,678

548,319

71,333

 

3,550,612

3,494,608

5,022,492

4,885,334

Due after one year

 

Loans and borrowings

19

3,209,875

3,945,795

3,209,875

3,830,524

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

 

19

Loans and borrowings

Current loans and borrowings

 

Group

Company

2024
£

2023
£

2024
£

2023
£

Bank borrowings

-

217,801

-

-

Finance lease liabilities

292,188

573,036

292,188

573,036

Directors loans

525,000

382,600

525,000

382,600

817,188

1,173,437

817,188

955,636

Non-current loans and borrowings

 

Group

Company

2024
£

2023
£

2024
£

2023
£

Bank borrowings

-

115,271

-

-

Finance lease liabilities

-

292,188

-

292,188

Directors loans

3,209,875

3,538,336

3,209,875

3,538,336

3,209,875

3,945,795

3,209,875

3,830,524

Group

Bank borrowings

Bank Treasury Loan was denominated in pounds sterling with a nominal interest rate of 1.97%, and the final instalment was due on 13 March 2025 but was fully settled during the year.. The carrying amount at year end is £Nil (2023 - £333,072).

Directors loans and other borrowings
Directors loans and other borrowings are denominated in pounds sterling with an interest rate of 7%. There are no fixed repayments terms. The carrying amount at the year end is £3,734,875 (2023 - £3,920,936.

 

John Hackling (Holdings) Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

 

20

Pension and other schemes

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £213,268 (2023 - £216,272).

 

21

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

9,000

9,000

9,000

9,000

       
 

22

Obligations under operating leases

Group

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

12,276

16,380

Later than one year and not later than five years

5,374

17,650

17,650

34,030

The amount of non-cancellable operating lease payments recognised as an expense during the year was £16,830 (2023 - £16,830).

 

23

Commitments

Group

Capital commitments

The total amount contracted for but not provided in the financial statements was £86,200 (2023 - £734,214).

 

24

Related party transactions

Income and receivables from related parties

2024

2023

£

£

Sales of goods

662,040

106,124

Purchase of goods

740,609

698,814

Amounts receivable

62,726

76,075

Amounts payable

77,188

80,450

 

25

Control

The company is controlled by K J Hackling.