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REGISTERED NUMBER: 05454816 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

AK HAULAGE LIMITED

AK HAULAGE LIMITED (REGISTERED NUMBER: 05454816)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AK HAULAGE LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTORS: K D Wright
Mrs A J Wright





SECRETARY: Mrs A J Wright





REGISTERED OFFICE: 24 Queens Way
Cottingham
East Yorkshire
HU16 4EP





REGISTERED NUMBER: 05454816 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

AK HAULAGE LIMITED (REGISTERED NUMBER: 05454816)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 456,759 527,493

CURRENT ASSETS
Debtors 5 132,773 149,143
Cash at bank and in hand 250 246
133,023 149,389
CREDITORS
Amounts falling due within one year 6 326,722 341,914
NET CURRENT LIABILITIES (193,699 ) (192,525 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,060

334,968

CREDITORS
Amounts falling due after more than one year 7 (115,041 ) (206,192 )

PROVISIONS FOR LIABILITIES (57,603 ) (38,128 )
NET ASSETS 90,416 90,648

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 90,216 90,448
SHAREHOLDERS' FUNDS 90,416 90,648

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

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

AK HAULAGE LIMITED (REGISTERED NUMBER: 05454816)

BALANCE SHEET - continued
31 October 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 Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:




Mrs A J Wright - Director



K D Wright - Director


AK HAULAGE LIMITED (REGISTERED NUMBER: 05454816)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

AK Haulage Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at 24 Queens Way, Cottingham, East Yorkshire. HU16 4EP.

The principal activity of the company is that of hauliers.

The presentational currency of the financial statements is 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

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 - 10% on cost
Office equipment - 15% on cost
Motor vehicles - 10% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.


AK HAULAGE LIMITED (REGISTERED NUMBER: 05454816)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued
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 taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

AK HAULAGE LIMITED (REGISTERED NUMBER: 05454816)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


4. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023
and 31 October 2024 137,751 5,763 562,039 8,085 713,638
DEPRECIATION
At 1 November 2023 49,289 5,763 124,003 7,090 186,145
Charge for year 13,535 - 56,204 995 70,734
At 31 October 2024 62,824 5,763 180,207 8,085 256,879
NET BOOK VALUE
At 31 October 2024 74,927 - 381,832 - 456,759
At 31 October 2023 88,462 - 438,036 995 527,493

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 85,575 545,803 631,378
DEPRECIATION
At 1 November 2023 10,507 121,536 132,043
Charge for year 8,558 54,580 63,138
At 31 October 2024 19,065 176,116 195,181
NET BOOK VALUE
At 31 October 2024 66,510 369,687 436,197
At 31 October 2023 75,068 424,267 499,335

AK HAULAGE LIMITED (REGISTERED NUMBER: 05454816)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106,582 124,361
Prepayments and accrued income 26,191 24,782
132,773 149,143

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,353 12,871
Hire purchase contracts (see note 8) 91,151 108,291
Trade creditors 7,538 11,999
Tax - 1
Social security and other taxes 9,705 6,396
VAT 22,427 28,354
Directors' current accounts 164,601 164,201
Accrued expenses 11,947 9,801
326,722 341,914

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 115,041 206,192

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 91,151 108,291
Between one and five years 115,041 206,192
206,192 314,483

AK HAULAGE LIMITED (REGISTERED NUMBER: 05454816)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 206,192 314,483

Hire purchase creditors are secured on the assets to which the agreements relate.

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its directors £164,601 (2023: £164,201). The loan is interest free and repayable on demand.



11. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors who own 100% of the share capital.

12. GOING CONCERN

The company had net current liabilities at the year end amounting to £193,699 (2023; £192,525) however the company has support from it's directors to be able to continue to trade for the foreseeable future and the directors are therefore confident the company is a going concern.The directors loan account is strictly repayable on demand however they have confirmed this will not be repaid until sufficient funds are available. The loan at the year end amounted to £164,601.