35 47 Hi-Line Transport Limited 02197190 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is specialist transportation services. Digita Accounts Production Advanced 6.30.9574.0 false 02197190 2024-01-01 2024-12-31 02197190 2024-12-31 02197190 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-12-31 02197190 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-12-31 02197190 bus:OrdinaryShareClass3 bus:CumulativeShares 2024-12-31 02197190 bus:OrdinaryShareClass4 bus:CumulativeShares 2024-12-31 02197190 core:CapitalRedemptionReserve 2024-12-31 02197190 core:RetainedEarningsAccumulatedLosses 2024-12-31 02197190 core:ShareCapital 2024-12-31 02197190 core:CurrentFinancialInstruments 2024-12-31 02197190 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 02197190 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 02197190 core:FurnitureFittingsToolsEquipment 2024-12-31 02197190 core:LandBuildings 2024-12-31 02197190 core:MotorVehicles 2024-12-31 02197190 core:OtherPropertyPlantEquipment 2024-12-31 02197190 bus:SmallEntities 2024-01-01 2024-12-31 02197190 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02197190 bus:FilletedAccounts 2024-01-01 2024-12-31 02197190 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02197190 bus:RegisteredOffice 2024-01-01 2024-12-31 02197190 bus:CompanySecretary1 2024-01-01 2024-12-31 02197190 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 02197190 bus:Director3 2024-01-01 2024-12-31 02197190 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-01-01 2024-12-31 02197190 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-01-01 2024-12-31 02197190 bus:OrdinaryShareClass3 bus:CumulativeShares 2024-01-01 2024-12-31 02197190 bus:OrdinaryShareClass4 bus:CumulativeShares 2024-01-01 2024-12-31 02197190 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02197190 bus:Agent1 2024-01-01 2024-12-31 02197190 core:CommercialMotorVehicles 2024-01-01 2024-12-31 02197190 core:FurnitureFittings 2024-01-01 2024-12-31 02197190 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 02197190 core:LandBuildings 2024-01-01 2024-12-31 02197190 core:MotorVehicles 2024-01-01 2024-12-31 02197190 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 02197190 core:PlantMachinery 2024-01-01 2024-12-31 02197190 1 2024-01-01 2024-12-31 02197190 countries:AllCountries 2024-01-01 2024-12-31 02197190 2023-12-31 02197190 core:FurnitureFittingsToolsEquipment 2023-12-31 02197190 core:LandBuildings 2023-12-31 02197190 core:MotorVehicles 2023-12-31 02197190 core:OtherPropertyPlantEquipment 2023-12-31 02197190 2023-01-01 2023-12-31 02197190 2023-12-31 02197190 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-12-31 02197190 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-12-31 02197190 bus:OrdinaryShareClass3 bus:CumulativeShares 2023-12-31 02197190 bus:OrdinaryShareClass4 bus:CumulativeShares 2023-12-31 02197190 core:CapitalRedemptionReserve 2023-12-31 02197190 core:RetainedEarningsAccumulatedLosses 2023-12-31 02197190 core:ShareCapital 2023-12-31 02197190 core:CurrentFinancialInstruments 2023-12-31 02197190 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02197190 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 02197190 core:FurnitureFittingsToolsEquipment 2023-12-31 02197190 core:LandBuildings 2023-12-31 02197190 core:MotorVehicles 2023-12-31 02197190 core:OtherPropertyPlantEquipment 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 02197190

Hi-Line Transport Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

Hi-Line Transport Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Hi-Line Transport Limited

Company Information

Directors

A. Neil McDonald

Simon A. McDonald

Company secretary

A. Neil McDonald

Ian Lindsay Nixon

Registered office

Blackpool Old Road
Highfurlong
Blackpool
FY3 7LX

Accountants

Rawcliffe & Co Limited
Chartered AccountantsUnit 1 Barons Court
Graceways
Whitehills Business Park
Blackpool
Lancashire
FY4 5GP

 

Hi-Line Transport Limited

(Registration number: 02197190)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,258,115

2,241,421

Current assets

 

Stocks

6,885

7,795

Debtors

5

819,312

936,812

Cash at bank and in hand

 

-

3,609

 

826,197

948,216

Creditors: Amounts falling due within one year

(1,375,529)

(1,299,732)

Net current liabilities

 

(549,332)

(351,516)

Total assets less current liabilities

 

708,783

1,889,905

Creditors: Amounts falling due after more than one year

(455,369)

(463,933)

Provisions for liabilities

(129,153)

(184,347)

Net assets

 

124,261

1,241,625

Capital and reserves

 

Called up share capital

6

500

500

Capital redemption reserve

100

100

Retained earnings

123,661

1,241,025

Shareholders' funds

 

124,261

1,241,625

 

Hi-Line Transport Limited

(Registration number: 02197190)
Abridged Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 July 2025 and signed on its behalf by:
 

.........................................
A. Neil McDonald
Company secretary and director

 

Hi-Line Transport Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Blackpool Old Road
Highfurlong
Blackpool
FY3 7LX
United Kingdom

These financial statements were authorised for issue by the Board on 8 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention.

The company's presentational currency is Sterling. All amounts have been rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Hi-Line Transport Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Deferred corporation tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred corporation tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% reducing balance

Motor Vehicles

25% reducing balance

Fixtures and Fittings

20% reducing balance

Investment property

No depreciation is provided on investment properties.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Hi-Line Transport Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 35 (2023 - 47).

 

Hi-Line Transport Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2024

1,242,125

26,173

2,518,906

96,968

3,884,172

Additions

72,380

10,004

3,007

800

86,191

Disposals

(763,449)

-

(389,694)

(5,333)

(1,158,476)

At 31 December 2024

551,056

36,177

2,132,219

92,435

2,811,887

Depreciation

At 1 January 2024

-

16,360

1,538,666

87,725

1,642,751

Charge for the year

-

8,043

211,583

1,420

221,046

Eliminated on disposal

-

-

(304,692)

(5,333)

(310,025)

At 31 December 2024

-

24,403

1,445,557

83,812

1,553,772

Carrying amount

At 31 December 2024

551,056

11,774

686,662

8,623

1,258,115

At 31 December 2023

1,242,125

9,813

980,240

9,243

2,241,421

Included within the net book value of land and buildings above is £551,056 (2023 - £1,242,125) in respect of freehold land and buildings.
 

 

Hi-Line Transport Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

"A" Ordinary share of £1 each

200

200

200

200

"B" Ordinary share of £1 each

100

100

100

100

"C" Ordinary share of £1 each

100

100

100

100

500

500

500

500

7

Parent and ultimate parent undertaking

Hi-Line Holdings Limited owns 100% of the share capital in the company.

 The company's immediate parent is Hi-Line Holdings Limited, incorporated in United Kingdom.

  These financial statements are available upon request from Hi-Line Transport Blackpool Old Road, Highfurlong, Blackpool, Lancashire, FY3 7LX, United Kingdom.

 The ultimate controlling party is The estate of the late S. A. Rory McDonald.