Registered number
06433263
Paul East Haulage Limited
Unaudited Filleted Accounts
31 October 2024
Paul East Haulage Limited
Registered number: 06433263
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 73,899 84,893
Current assets
Debtors 4 4,357 16,184
Cash at bank and in hand 10,424 11,761
14,781 27,945
Creditors: amounts falling due within one year 5 (43,309) (50,291)
Net current liabilities (28,528) (22,346)
Total assets less current liabilities 45,371 62,547
Creditors: amounts falling due after more than one year 6 (17,364) (37,677)
Provisions for liabilities (741) (1,036)
Net assets 27,266 23,834
Capital and reserves
Called up share capital 1 1
Profit and loss account 27,265 23,833
Shareholder's funds 27,266 23,834
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
P East
Director
Approved by the board on 16 July 2025
Paul East Haulage Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company (including Directors)
1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 11,290 174,220 185,510
Additions 307 7,500 7,807
At 31 October 2024 11,597 181,720 193,317
Depreciation
At 1 November 2023 5,837 94,780 100,617
Charge for the year 864 17,937 18,801
At 31 October 2024 6,701 112,717 119,418
Net book value
At 31 October 2024 4,896 69,003 73,899
At 31 October 2023 5,453 79,440 84,893
4 Debtors 2024 2023
£ £
Trade debtors 300 6,655
Other debtors 4,057 9,529
4,357 16,184
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,000 7,000
Obligations under finance lease and hire purchase contracts 22,165 27,441
Trade creditors 711 7,786
Corporation tax 7,786 2,205
Other taxes and social security costs 4,749 5,060
Other creditors 898 799
43,309 50,291
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,228 11,902
Obligations under finance lease and hire purchase contracts 7,136 25,775
Other creditors 5,000 -
17,364 37,677
7 Other information
Paul East Haulage Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Garrick Avenue
Hereford
Herefordshire
HR2 7RU
Paul East Haulage Limited 06433263 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2025 P East No description of principal activity 06433263 2022-11-01 2023-10-31 06433263 core:WithinOneYear 2023-10-31 06433263 core:AfterOneYear 2023-10-31 06433263 core:ShareCapital 2023-10-31 06433263 core:RetainedEarningsAccumulatedLosses 2023-10-31 06433263 2023-11-01 2024-10-31 06433263 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06433263 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 06433263 bus:Director40 2023-11-01 2024-10-31 06433263 1 2023-11-01 2024-10-31 06433263 2 2023-11-01 2024-10-31 06433263 core:PlantMachinery 2023-11-01 2024-10-31 06433263 core:Vehicles 2023-11-01 2024-10-31 06433263 countries:England 2023-11-01 2024-10-31 06433263 bus:FRS102 2023-11-01 2024-10-31 06433263 bus:FilletedAccounts 2023-11-01 2024-10-31 06433263 2024-10-31 06433263 core:WithinOneYear 2024-10-31 06433263 core:AfterOneYear 2024-10-31 06433263 core:ShareCapital 2024-10-31 06433263 core:RetainedEarningsAccumulatedLosses 2024-10-31 06433263 core:PlantMachinery 2024-10-31 06433263 core:Vehicles 2024-10-31 06433263 2023-10-31 06433263 core:PlantMachinery 2023-10-31 06433263 core:Vehicles 2023-10-31 iso4217:GBP xbrli:pure