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REGISTERED NUMBER: 04851383 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Richard Bull, Livestock Haulage Limited

Richard Bull, Livestock Haulage Limited (Registered number: 04851383)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richard Bull, Livestock Haulage Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R D Bull





SECRETARY: R D Bull





REGISTERED OFFICE: 21 Gold Tops
Newport
South Wales
NP20 4PG





REGISTERED NUMBER: 04851383 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Richard Bull, Livestock Haulage Limited (Registered number: 04851383)

Balance Sheet
31 July 2024

31.7.24 31.7.23
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 912,019 817,430

CURRENT ASSETS
Stocks 6 12,690 12,175
Debtors 7 499,806 633,160
Cash at bank 1,807,473 1,165,146
2,319,969 1,810,481
CREDITORS
Amounts falling due within one year 8 1,959,395 1,370,486
NET CURRENT ASSETS 360,574 439,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,272,593

1,257,425

CREDITORS
Amounts falling due after more than one
year

9

(37,853

)

(21,333

)

PROVISIONS FOR LIABILITIES (68,878 ) (50,906 )
NET ASSETS 1,165,862 1,185,186

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 1,165,861 1,185,185
SHAREHOLDERS' FUNDS 1,165,862 1,185,186

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Richard Bull, Livestock Haulage Limited (Registered number: 04851383)

Balance Sheet - continued
31 July 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 director and authorised for issue on 13 June 2025 and were signed by:





R D Bull - Director


Richard Bull, Livestock Haulage Limited (Registered number: 04851383)

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

1. STATUTORY INFORMATION

Richard Bull, Livestock 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis as the director believes that the company will be able to obtain sufficient funding to secure the continued financing of the company's activities for the foreseeable future.

Turnover
Items of income are recognised in the financial statements, net of applicable VAT, when the risks and rewards of ownership have passed to the consumer or when the service has been provided and the company obtains the right to consideration.

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 etc - 33% on cost, 25% on cost, 15% on cost and 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.


Richard Bull, Livestock Haulage Limited (Registered number: 04851383)

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

3. ACCOUNTING POLICIES - continued
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
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 14 ) .

Richard Bull, Livestock Haulage Limited (Registered number: 04851383)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 549,504 1,194,426 1,743,930
Additions - 191,863 191,863
At 31 July 2024 549,504 1,386,289 1,935,793
DEPRECIATION
At 1 August 2023 - 926,500 926,500
Charge for year - 97,274 97,274
At 31 July 2024 - 1,023,774 1,023,774
NET BOOK VALUE
At 31 July 2024 549,504 362,515 912,019
At 31 July 2023 549,504 267,926 817,430

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

Plant and
machinery
etc
£   
COST
At 1 August 2023 384,500
Additions 137,950
At 31 July 2024 522,450
DEPRECIATION
At 1 August 2023 314,774
Charge for year 72,666
At 31 July 2024 387,440
NET BOOK VALUE
At 31 July 2024 135,010
At 31 July 2023 69,726

Richard Bull, Livestock Haulage Limited (Registered number: 04851383)

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

6. STOCKS
31.7.24 31.7.23
as restated
£    £   
Work-in-progress 12,690 12,175

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
as restated
£    £   
Trade debtors 112,953 178,372
Amounts owed by group undertakings 371,614 440,613
Other debtors 15,239 14,175
499,806 633,160

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
as restated
£    £   
Bank loans and overdrafts 233,970 244,239
Hire purchase contracts 60,120 32,000
Trade creditors 1,293,316 637,601
Taxation and social security 177,721 416,611
Other creditors 194,268 40,035
1,959,395 1,370,486

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
as restated
£    £   
Hire purchase contracts 37,853 21,333

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
as restated
£    £   
Bank loans 233,970 244,239
Hire purchase contracts 97,973 53,333
331,943 297,572

Richard Bull, Livestock Haulage Limited (Registered number: 04851383)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: as restated
£    £   
1 Ordinary £1 1 1

12. RESERVES
Retained
earnings
£   

At 1 August 2023 1,185,185
Profit for the year 70,676
Dividends (90,000 )
At 31 July 2024 1,165,861