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REGISTERED NUMBER: 05484682 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

POINT 2 POINT HAULAGE CONTRACTORS LTD

POINT 2 POINT HAULAGE CONTRACTORS LTD (REGISTERED NUMBER: 05484682)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POINT 2 POINT HAULAGE CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: M F P Regan





REGISTERED OFFICE: Caitom House
Fishing Line Road
Redditch
Worcestershire
B97 6EW





REGISTERED NUMBER: 05484682 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

POINT 2 POINT HAULAGE CONTRACTORS LTD (REGISTERED NUMBER: 05484682)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 972,402 1,299,069

CURRENT ASSETS
Debtors 5 1,585,562 1,268,650
Cash at bank 287,659 233,927
1,873,221 1,502,577
CREDITORS
Amounts falling due within one year 6 710,924 906,672
NET CURRENT ASSETS 1,162,297 595,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,134,699

1,894,974

CREDITORS
Amounts falling due after more than one
year

7

(43,252

)

(146,855

)

PROVISIONS FOR LIABILITIES (197,236 ) (267,808 )
NET ASSETS 1,894,211 1,480,311

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,894,111 1,480,211
1,894,211 1,480,311

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

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

POINT 2 POINT HAULAGE CONTRACTORS LTD (REGISTERED NUMBER: 05484682)

BALANCE SHEET - continued
30 NOVEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2025 and were signed by:





M F P Regan - Director


POINT 2 POINT HAULAGE CONTRACTORS LTD (REGISTERED NUMBER: 05484682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Point 2 Point Haulage Contractors Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Motor vehicles - 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

POINT 2 POINT HAULAGE CONTRACTORS LTD (REGISTERED NUMBER: 05484682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 2,183,897
DEPRECIATION
At 1 December 2023 884,828
Charge for year 326,667
At 30 November 2024 1,211,495
NET BOOK VALUE
At 30 November 2024 972,402
At 30 November 2023 1,299,069

POINT 2 POINT HAULAGE CONTRACTORS LTD (REGISTERED NUMBER: 05484682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023 1,473,597
Transfer to ownership (274,571 )
At 30 November 2024 1,199,026
DEPRECIATION
At 1 December 2023 475,547
Charge for year 222,167
Transfer to ownership (147,137 )
At 30 November 2024 550,577
NET BOOK VALUE
At 30 November 2024 648,449
At 30 November 2023 998,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 671,365 506,339
Amounts owed by group undertakings 904,449 753,690
Other debtors 9,748 8,621
1,585,562 1,268,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 97,921 329,886
Trade creditors 326,704 360,303
Taxation and social security 259,855 190,119
Other creditors 26,444 26,364
710,924 906,672

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 43,252 146,855

POINT 2 POINT HAULAGE CONTRACTORS LTD (REGISTERED NUMBER: 05484682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 141,173 476,741

Liabilities under hire purchase contracts are secured by the assets to which they relate.

9. ULTIMATE PARENT

At the year end the company's ultimate parent was Point 2 Point Holdings Limited, a company registered in England & Wales.