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REGISTERED NUMBER: 08504683 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

FOR

FENLAND HAULAGE LIMITED

FENLAND HAULAGE LIMITED (REGISTERED NUMBER: 08504683)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FENLAND HAULAGE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024







DIRECTORS: S J C McKenna
J M McKenna





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 08504683 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

FENLAND HAULAGE LIMITED (REGISTERED NUMBER: 08504683)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,181 6,888
Tangible assets 5 5,534,718 4,570,323
5,542,899 4,577,211

CURRENT ASSETS
Stocks 62,301 101,303
Debtors 6 2,110,313 2,053,640
Cash at bank 521,961 284,496
2,694,575 2,439,439
CREDITORS
Amounts falling due within one year 7 2,408,513 1,868,024
NET CURRENT ASSETS 286,062 571,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,828,961

5,148,626

CREDITORS
Amounts falling due after more than one
year

8

(3,768,067

)

(3,175,626

)

PROVISIONS FOR LIABILITIES (1,089,300 ) (944,000 )
NET ASSETS 971,594 1,029,000

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 961,594 1,019,000
SHAREHOLDERS' FUNDS 971,594 1,029,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

FENLAND HAULAGE LIMITED (REGISTERED NUMBER: 08504683)

BALANCE SHEET - continued
30 SEPTEMBER 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 27 June 2025 and were signed on its behalf by:





S J C McKenna - Director


FENLAND HAULAGE LIMITED (REGISTERED NUMBER: 08504683)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Fenland 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. 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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

During the period the company decided for operating reasons to change the accounting reference date to 30 September.

Turnover
Turnover represents net invoiced sales of services and goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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.

Number plates are being amortised evenly over their estimated useful life of fifteen years.

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.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.


FENLAND HAULAGE LIMITED (REGISTERED NUMBER: 08504683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

2. 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 49 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023 100,000 3,163 103,163
Additions - 6,080 6,080
At 30 September 2024 100,000 9,243 109,243
AMORTISATION
At 1 April 2023 95,833 442 96,275
Charge for period 4,167 620 4,787
At 30 September 2024 100,000 1,062 101,062
NET BOOK VALUE
At 30 September 2024 - 8,181 8,181
At 31 March 2023 4,167 2,721 6,888

FENLAND HAULAGE LIMITED (REGISTERED NUMBER: 08504683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023 533,433 6,466,773 4,359 7,004,565
Additions 76,545 3,281,120 1,812 3,359,477
Disposals - (714,118 ) - (714,118 )
At 30 September 2024 609,978 9,033,775 6,171 9,649,924
DEPRECIATION
At 1 April 2023 - 2,431,196 3,046 2,434,242
Charge for period - 2,045,830 700 2,046,530
Eliminated on disposal - (365,566 ) - (365,566 )
At 30 September 2024 - 4,111,460 3,746 4,115,206
NET BOOK VALUE
At 30 September 2024 609,978 4,922,315 2,425 5,534,718
At 31 March 2023 533,433 4,035,577 1,313 4,570,323

Included in cost of land and buildings is freehold land of £ 609,978 (2023 - £ 533,433 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 3,609,765
Additions 1,655,780
Transfer to ownership (1,222,364 )
At 30 September 2024 4,043,181
DEPRECIATION
At 1 April 2023 871,275
Charge for period 1,070,205
Transfer to ownership (544,793 )
At 30 September 2024 1,396,687
NET BOOK VALUE
At 30 September 2024 2,646,494
At 31 March 2023 2,738,490

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.3.23
£    £   
Trade debtors 1,662,228 1,392,261
Amounts owed by group undertakings - 123,649
Other debtors 448,085 537,730
2,110,313 2,053,640

FENLAND HAULAGE LIMITED (REGISTERED NUMBER: 08504683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.3.23
£    £   
Bank loans and overdrafts 16,830 14,178
Hire purchase contracts 857,363 675,561
Trade creditors 308,840 327,451
Amounts owed to group undertakings 503,594 504,892
Taxation and social security 227,573 141,194
Other creditors 494,313 204,748
2,408,513 1,868,024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 31.3.23
£    £   
Bank loans 207,831 232,603
Hire purchase contracts 1,060,236 1,193,023
Amounts owed to group undertakings 2,500,000 1,750,000
3,768,067 3,175,626

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 124,798 163,531

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 31.3.23
£    £   
Bank loans 224,661 246,781
Hire purchase contracts 1,917,599 1,868,584
Amount owed to parent company 3,003,594 2,254,892
5,145,854 4,370,257

The bank loan is secured by a fixed charge over the freehold land owned by the company at Osborne Road, Wisbech.

The obligations under hire purchase agreements are secured over the assets to which they relate.

The amount owed to the parent company is secured by a charge over the assets of the company.

10. CAPITAL COMMITMENTS
30.9.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - 271,300

FENLAND HAULAGE LIMITED (REGISTERED NUMBER: 08504683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

11. RELATED PARTY DISCLOSURES

At the balance sheet date, being 30 September 2024, the company had the following loans outstanding with other companies outside of the group, in which there are common directorships:

Amounts owed to Fenland Handling Limited £29,897
Amounts owed to Fenland Storage Limited £108,267

The company also owed a partnership, of which the directors of the company are also partners, £39,320.

No interest has been charged on these balances.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is FHS Holdings Limited.

The principal place of business is:
Alderton House
Off River Road
West Walton
Wisbech
Cambridgeshire
PE14 7EY

The registered office is:
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE