Registered number
07534145
R S EXPRESS DISTRIBUTION & HAULAGE LIMITED
Filleted Accounts
31 March 2025
R S EXPRESS DISTRIBUTION & HAULAGE LIMITED
Report to the directors on the preparation of the unaudited statutory accounts of R S EXPRESS DISTRIBUTION & HAULAGE LIMITED for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R S EXPRESS DISTRIBUTION & HAULAGE LIMITED for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
1st Cloud Accountants
1st Cloud Accountants
Chartered Certified Accountants
Analysis House
117 - 119 Sea Road
Fulwell
Sunderland
SR5 1PS
1 July 2025
R S EXPRESS DISTRIBUTION & HAULAGE LIMITED
Registered number: 07534145
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 68,990 57,580
Tangible assets 4 346,224 472,667
415,214 530,247
Current assets
Debtors 5 239,827 326,462
Cash at bank and in hand 2 27,033
239,829 353,495
Creditors: amounts falling due within one year 6 (373,139) (231,778)
Net current (liabilities)/assets (133,310) 121,717
Total assets less current liabilities 281,904 651,964
Creditors: amounts falling due after more than one year 7 (173,724) (321,262)
Provisions for liabilities (78,891) (117,250)
Net assets 29,289 213,452
Capital and reserves
Called up share capital 202 200
Profit and loss account 29,087 213,252
Shareholders' funds 29,289 213,452
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D S Parker
Director
Approved by the board on 1 July 2025
R S EXPRESS DISTRIBUTION & HAULAGE LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Intangibles over 10 years
Computer Equipment 15% reducing balance
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 13 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 57,580
Additions 73,918
Disposals (57,580)
At 31 March 2025 73,918
Amortisation
Provided during the year 4,928
At 31 March 2025 4,928
Net book value
At 31 March 2025 68,990
At 31 March 2024 57,580
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 12,638 811,817 824,455
Additions - 65,000 65,000
Disposals - (199,186) (199,186)
At 31 March 2025 12,638 677,631 690,269
Depreciation
At 1 April 2024 2,495 349,293 351,788
Charge for the year 2,291 106,328 108,619
On disposals - (116,362) (116,362)
At 31 March 2025 4,786 339,259 344,045
Net book value
At 31 March 2025 7,852 338,372 346,224
At 31 March 2024 10,143 462,524 472,667
5 Debtors 2025 2024
£ £
Trade debtors 160,519 257,696
Other debtors 79,308 68,766
239,827 326,462
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 89,501 9,960
Obligations under finance lease and hire purchase contracts 97,754 95,646
Trade creditors 100,033 49,264
Directors Loan Account 3,864 1,000
Taxation and social security costs 5,350 12,758
Other creditors 76,637 63,150
373,139 231,778
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 3,427 36,857
Obligations under finance lease and hire purchase contracts 170,297 284,405
173,724 321,262
8 Other information
R S EXPRESS DISTRIBUTION & HAULAGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 8, Enterprise Court
Seaham Grange Industrial Estate
Seaham
County Durham
SR7 0PS
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