Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falsehire of plant and machinery and the lending of finance on commercial terms to other companies64falsetruefalse 04266751 2024-01-01 2024-12-31 04266751 2023-01-01 2023-12-31 04266751 2024-12-31 04266751 2023-12-31 04266751 1 2024-01-01 2024-12-31 04266751 d:CompanySecretary1 2024-01-01 2024-12-31 04266751 d:Director1 2024-01-01 2024-12-31 04266751 d:Director2 2024-01-01 2024-12-31 04266751 d:RegisteredOffice 2024-01-01 2024-12-31 04266751 d:Agent1 2024-01-01 2024-12-31 04266751 c:PlantMachinery 2024-01-01 2024-12-31 04266751 c:PlantMachinery 2024-12-31 04266751 c:PlantMachinery 2023-12-31 04266751 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04266751 c:CurrentFinancialInstruments 2024-12-31 04266751 c:CurrentFinancialInstruments 2023-12-31 04266751 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 04266751 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 04266751 c:ShareCapital 2024-12-31 04266751 c:ShareCapital 2023-12-31 04266751 c:RetainedEarningsAccumulatedLosses 2024-12-31 04266751 c:RetainedEarningsAccumulatedLosses 2023-12-31 04266751 d:OrdinaryShareClass1 2024-01-01 2024-12-31 04266751 d:OrdinaryShareClass1 2024-12-31 04266751 d:FRS102 2024-01-01 2024-12-31 04266751 d:Audited 2024-01-01 2024-12-31 04266751 d:AbridgedAccounts 2024-01-01 2024-12-31 04266751 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04266751 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04266751 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No.04266751 (England and Wales)





MCGOVERN HAULAGE LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024



































Riordan O'Sullivan & Co
Chartered Certified Accountants and Statutory Auditors
40 Chamberlayne Road
London
NW10 3JE

 
MCGOVERN HAULAGE LIMITED
 
 
COMPANY INFORMATION


Directors
Bernadette McGovern 
Tara Ghosh 




Company secretary
Bernadette McGovern



Company number
04266751



Registered office
Second Floor, 184 Shepherds Bush Road

London

United Kingdom

W6 7NL




Independent auditor
Riordan O'Sullivan & Co
Chartered Certified Accountants and Statutory Auditors

40 Chamberlayne Road

London

NW10 3JE




Bankers
National Westminster Bank Plc
143 High Street

Bromley

Kent

BR1 1JH




Solicitors
Prince Evans Solicitors LLP
Craven House

40-44 Uxbridge Road

Ealing

London

W5 2BS





 
MCGOVERN HAULAGE LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
MCGOVERN HAULAGE LIMITED
REGISTERED NUMBER:04266751

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
55,072
129,514

  
55,072
129,514

Current assets
  

Stocks
  
-
23,800

Debtors
 6 
18,549
58,641

Loan debtors
 7 
31,634,702
40,017,281

Cash at bank and in hand
  
16,191,784
6,650,250

  
47,845,035
46,749,972

Creditors: amounts falling due within one year
 8 
(14,569,681)
(15,863,635)

Net current assets
  
 
 
33,275,354
 
 
30,886,337

Total assets less current liabilities
  
33,330,426
31,015,851

Provisions for liabilities
  

Deferred tax
  
(13,767)
(32,378)

  
 
 
(13,767)
 
 
(32,378)

Net assets
  
33,316,659
30,983,473


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
33,316,559
30,983,373

  
33,316,659
30,983,473


Page 1

 
MCGOVERN HAULAGE LIMITED
REGISTERED NUMBER:04266751
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 June 2025.




___________________________
Tara Ghosh
Director

Page 2

 
MCGOVERN HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


Company information

McGovern Haulage Limited is a private company limited by shares incorporated in England and Wales. The registered office is Second Floor, 184 Shepherds Bush Road, London, United Kingdom, W6 7NL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover represents amounts invoiced during the year for plant hire, exclusive of value added tax, and income from the lending of finance.
Turnover from plant hire is recognised on a straight line basis over the period to which it relates.
Turnover related to income from the lending of finance is recognised at the fair value of the consideration receivable. 

 
2.4

Pensions

The company operates a defined contribution plan for its employees. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Amounts not paid are shown in creditors as a liability in the balance sheet.

Page 3

 
MCGOVERN HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

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

 
2.8

Loan debtors

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.

 
2.9

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Page 4

 
MCGOVERN HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Auditor's remuneration

2024
2023
£
£



Fees payable for audit services
13,000
11,000


4.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 4).


5.


Tangible fixed assets





Plant and machinery etc.

£



Cost or valuation


At 1 January 2024
609,153


Disposals
(334,349)



At 31 December 2024

274,804



Depreciation


At 1 January 2024
479,639


Charge for the year 
48,900


Disposals
(308,807)



At 31 December 2024

219,732



Net book value



At 31 December 2024
55,072



At 31 December 2023
129,514

Page 5

 
MCGOVERN HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
7,669
48,224

Prepayments
10,880
10,417

18,549
58,641



7.


Loan debtors

2024
2023
£
£

Loan debtors
31,634,702
40,017,281


Loan debtors consist of the lending of finance on commercial terms to third party companies. The debts are secured and repayable on demand.


8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,917
65,829

Amounts owed to related undertakings
13,970,000
15,396,394

Corporation tax
471,117
359,116

Other taxation and social security
96,789
6,925

Other creditors
6,358
7,371

Accruals
21,500
28,000

14,569,681
15,863,635


The amounts owed to related undertakings are unsecured, interest-free and payable on demand.


9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,112 (2023 - £2,568). Contributions totalling £370 (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 6

 
MCGOVERN HAULAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



11.


Post balance sheet events

There were no events since the year end which materially affected the company.


12.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 25 June 2025 by Kumar Perumal (Senior Statutory Auditor) on behalf of Riordan O'Sullivan & Co.

 
Page 7