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REGISTERED NUMBER: 01183217 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHRIS HAYTER TRANSPORT LIMITED

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


CHRIS HAYTER TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J Hayter
A S Holligan
N P Street





SECRETARY: S Taylor





REGISTERED OFFICE: Jervis House
Curbridge Business Park
Downs Road Witney
Oxfordshire
OX29 7WJ





REGISTERED NUMBER: 01183217 (England and Wales)





AUDITORS: Jamesons Limited
Chartered Accountants and Statutory Auditors
Jamesons House
Compton Way
Witney
OX28 3AB

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS
The principal activity of the company in the year under review was that of warehousing and distribution.

The results of the year and financial position of the company are as shown in the annual financial statements. The directors achieved their aim during the year of continuing to consolidate the trading position whilst taking steps to put in place the infrastructure for future growth.

Turnover decreased compared to the 2023 figures by 3.8% and the gross profit margin decreased to 22.73% (2023 : 24.50%). Profit before tax and dividends for the year was 2.19% of sales (2023 : 7.60%) due to investments made in the leasing of additional units to support the company for future growth.

The directors are satisfied with the underlying financial strength and position of the company at the year end.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors have assessed the principal risks and uncertainties affecting the company and, as last year, consider the major risks to be increased regulations, the fluctuating derv prices together with LGV driver shortages affecting the transport industry as well as inflationary increases in commodities and utilities, all of which are outside the directors' control.

KEY PERFORMANCE INDICATORS
Given the straightforward nature of the business and that the directors are also the shareholders of the business; the company's directors are of the opinion that analysis using key performance indicators is not necessary for an understanding of their development, performance and position of the business. They review their monthly reports and management accounts and sales order reports and use these to make business plans and decisions.

ON BEHALF OF THE BOARD:





J Hayter - Director


28 May 2025

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

J Hayter
A S Holligan
N P Street

Other changes in directors holding office are as follows:

C T Hayter ceased to be a director after 31 December 2024 but prior to the date of this report.

EMPLOYEE INVOLVEMENT
Employees are kept informed about the progress and position of the company by means of internal communications.
The Company HR department issue regular updates on matters that may affect the employees well being. The Company issues quarterly newsletters to all depots containing matters of general employee interest .

Regular Health and Safety meetings with nominated employee representatives are conducted once each quarter where concerns from individual department heads are aired and rectified when necessary.

DISABLED PERSONS
The company's policy is that any vacancy which arises is open to disabled persons, provided that they are able to fulfil the functions by that job. Employees who have been injured or become disabled in the course of their employment are considered for other suitable vacancies.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Jamesons Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J Hayter - Director


28 May 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CHRIS HAYTER TRANSPORT LIMITED

Opinion
We have audited the financial statements of Chris Hayter Transport Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CHRIS HAYTER TRANSPORT LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CHRIS HAYTER TRANSPORT LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non - compliance with laws and regulations was as follows:
- The engagement partner ensured that the engagement team collectively had appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations:
- We identified the laws and regulations applicable to the company through discussion with directors and
informed management and from our commercial knowledge and experience of the industry;
- We focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the company including Companies Act 2006, taxation legislation,
employment legislation and health and safety legislation;
- We assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and reviewing documentation during the audit; and
- Identified laws and regulations were communicated within the audit team and the team remained alert to
instances of non-compliance during the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;
- Making enquires of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud; and
- Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.

To address the risk of fraud through management bias and override of controls, we:
- Reviewed the financial statements and records to identify any unusual or unexpected relationships;
- Tested journal entries to identify unusual transactions;
- Assessed whether judgements and assumptions made in determining the accounting estimates were indicative
of potential bias; and
- Investigated the rationale behind any significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- Agreeing financial statement disclosures to underlying supporting documentation;
- Enquiring of management as to actual and potential litigation and claims; and
- Reviewing correspondence with HMRC and other applicable sources.

There are inherent limitations in our audit procedures described above. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquire of the directors and informed management and the inspection of regulatory and legal correspondence if any.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation and there is therefore a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CHRIS HAYTER TRANSPORT LIMITED

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Anita Lyon FCA FCCA (Senior Statutory Auditor)
for and on behalf of Jamesons Limited
Chartered Accountants and Statutory Auditors
Jamesons House
Compton Way
Witney
OX28 3AB

30 May 2025

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

TURNOVER 3 29,236,490 30,386,391

Cost of sales 22,590,053 22,941,960
GROSS PROFIT 6,646,437 7,444,431

Administrative expenses 6,050,883 5,222,523
OPERATING PROFIT 5 595,554 2,221,908

Interest receivable and similar income 6 64,071 40,587
659,625 2,262,495
Amounts written off investments 7 - (62,559 )
659,625 2,325,054

Interest payable and similar expenses 8 18,053 14,847
PROFIT BEFORE TAXATION 641,572 2,310,207

Tax on profit 9 158,596 559,953
PROFIT FOR THE FINANCIAL YEAR 482,976 1,750,254

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

482,976

1,750,254

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 3,277,218 4,270,049

CURRENT ASSETS
Stocks 11 169,966 203,994
Debtors 12 8,552,762 7,742,188
Cash at bank and in hand 2,054,793 1,599,649
10,777,521 9,545,831
CREDITORS
Amounts falling due within one year 13 2,783,132 3,053,747
NET CURRENT ASSETS 7,994,389 6,492,084
TOTAL ASSETS LESS CURRENT LIABILITIES 11,271,607 10,762,133

CREDITORS
Amounts falling due after more than one
year

14

(103,848

)

(40,797

)

PROVISIONS FOR LIABILITIES 16 (545,227 ) (581,780 )
NET ASSETS 10,622,532 10,139,556

CAPITAL AND RESERVES
Called up share capital 17 10,000 10,000
Retained earnings 18 10,612,532 10,129,556
SHAREHOLDERS' FUNDS 10,622,532 10,139,556

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





J Hayter - Director


CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 10,000 8,379,302 8,389,302

Changes in equity
Total comprehensive income - 1,750,254 1,750,254
Balance at 31 December 2023 10,000 10,129,556 10,139,556

Changes in equity
Total comprehensive income - 482,976 482,976
Balance at 31 December 2024 10,000 10,612,532 10,622,532

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,234,503 4,047,623
Interest paid - (34 )
Interest element of hire purchase payments
paid

(18,053

)

(14,813

)
Tax paid (282,841 ) (394,981 )
Net cash from operating activities 933,609 3,637,795

Cash flows from investing activities
Purchase of tangible fixed assets (1,356,008 ) (2,575,742 )
Sale of tangible fixed assets 733,255 70,317
Interest received 64,071 40,587
Net cash from investing activities (558,682 ) (2,464,838 )

Cash flows from financing activities
Capital repayments in year 88,547 (296,872 )
Amount withdrawn by directors (8,330 ) (7,306 )
Net cash from financing activities 80,217 (304,178 )

Increase in cash and cash equivalents 455,144 868,779
Cash and cash equivalents at beginning of
year

2

1,599,649

730,870

Cash and cash equivalents at end of year 2 2,054,793 1,599,649

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 641,572 2,310,207
Depreciation charges 1,671,115 1,365,988
Profit on disposal of fixed assets (55,530 ) (53,114 )
Finance costs 18,053 14,847
Finance income (64,071 ) (40,587 )
2,211,139 3,597,341
Decrease in stocks 34,028 72,879
(Increase)/decrease in trade and other debtors (806,780 ) 397,224
Decrease in trade and other creditors (203,884 ) (19,821 )
Cash generated from operations 1,234,503 4,047,623

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 2,054,793 1,599,649
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 1,599,649 730,870


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank and in hand 1,599,649 455,144 2,054,793
1,599,649 455,144 2,054,793
Debt
Finance leases (267,112 ) (88,547 ) (355,659 )
(267,112 ) (88,547 ) (355,659 )
Total 1,332,537 366,597 1,699,134

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Chris Hayter Transport Limited 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced charges for haulage and storage as earned, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost and Straight line over 20 years
Motor vehicles - 25% on cost and 20% on cost
Computer equipment - 25% on cost and Straight line over 6 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are measured on a FIFO basis.

Financial instruments

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the company.

All turnover arose within the United Kingdom.

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 13,130,533 12,963,246
Social security costs 1,325,193 1,368,988
Other pension costs 413,239 398,292
14,868,965 14,730,526

The average number of employees during the year was as follows:
2024 2023

Drivers 109 120
Warehouse 154 152
Administration 56 56
319 328

2024 2023
£    £   
Directors' remuneration 368,724 381,324
Directors' pension contributions to money purchase schemes 38,605 16,925

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. EMPLOYEES AND DIRECTORS - continued

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 99,100 104,496
Pension contributions to money purchase schemes 13,203 3,963

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 469,492 565,644
Depreciation - owned assets 1,671,114 1,365,989
Profit on disposal of fixed assets (55,530 ) (53,114 )
Auditors' remuneration 19,050 24,660
Auditors' remuneration for non audit work 3,330 3,319

6. INTEREST RECEIVABLE AND SIMILAR INCOME
2024 2023
£    £   
Deposit account interest 47,152 33,221
Interest received HMRC 16,919 7,366
64,071 40,587

7. AMOUNTS WRITTEN OFF INVESTMENTS
2024 2023
£    £   
Amounts w/o invs - (62,559 )

8. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
HMRC interest - 34
Hire purchase 18,053 14,813
18,053 14,847

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 166,462 411,483
Under provision in prior year 28,688 -
Total current tax 195,150 411,483

Deferred tax (36,554 ) 148,470
Tax on profit 158,596 559,953

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 641,572 2,310,207
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 23.521%)

160,393

543,384

Effects of:
Expenses not deductible for tax purposes - 15,450
Income not taxable for tax purposes - (14,714 )
Capital allowances in excess of depreciation - (139,967 )
Depreciation in excess of capital allowances 6,069 -
Adjustments to tax charge in respect of previous periods 28,688 7,330
Movement in deferred taxation (36,554 ) 148,470
Total tax charge 158,596 559,953

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 3,473,813 7,290,673 303,998 11,068,484
Additions 448,147 905,274 2,587 1,356,008
Disposals (677,625 ) (623,529 ) - (1,301,154 )
At 31 December 2024 3,244,335 7,572,418 306,585 11,123,338
DEPRECIATION
At 1 January 2024 1,855,234 4,665,349 277,852 6,798,435
Charge for year 392,973 1,263,948 14,193 1,671,114
Eliminated on disposal - (623,429 ) - (623,429 )
At 31 December 2024 2,248,207 5,305,868 292,045 7,846,120
NET BOOK VALUE
At 31 December 2024 996,128 2,266,550 14,540 3,277,218
At 31 December 2023 1,618,579 2,625,324 26,146 4,270,049

11. STOCKS
2024 2023
£    £   
Stocks 169,966 203,994

Stock recognised in cost of sales during the year as an expense was £3,729,031 (2023: £4,616,982).

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,488,777 5,894,848
Other debtors 2,365,964 1,212,119
Directors' loan accounts 3,794 -
Prepayments 694,227 635,221
8,552,762 7,742,188

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 15) 251,811 226,315
Trade creditors 484,313 575,836
Tax 106,462 194,153
Social security and other taxes 307,694 763,434
Directors' loan accounts - 4,536
Accrued expenses 1,632,852 1,289,473
2,783,132 3,053,747

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 15) 103,848 40,797

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 251,811 226,315
Between one and five years 103,848 40,797
355,659 267,112

Non-cancellable
operating leases
2024 2023
£    £   
Within one year 3,141,146 2,981,872
Between one and five years 5,663,659 5,170,504
In more than five years 3,317,050 4,143,165
12,121,855 12,295,541

16. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 545,227 581,780

Deferred
tax
£   
Balance at 1 January 2024 581,780
Provided during year (36,553 )
Accelerated capital allowances
Balance at 31 December 2024 545,227

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

CHRIS HAYTER TRANSPORT LIMITED (REGISTERED NUMBER: 01183217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

17. CALLED UP SHARE CAPITAL - continued

All ordinary shares rank equally in respect of voting rights, dividend rights and rights on winding up.

18. RESERVES
Retained
earnings
£   

At 1 January 2024 10,129,556
Profit for the year 482,976
At 31 December 2024 10,612,532

19. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £413,239 (2023 : £398,292).

20. CONTINGENT LIABILITIES

Bank of Scotland hold a fixed and floating charge over all the property or undertaking of the company dated 28th September 2023.

21. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year there were advances of £3,794 (2023 - nil) to a director. The advances were interest free, unsecured and repayable on demand.

22. RELATED PARTY DISCLOSURES

During the year there were the following related party transactions:

2024 2023
Rent and other services £1,953,855 £1,969,850
Trade creditors - £5,171
Other debtors £800,701 £1,804,900


All transactions are at arms length and are on normal commercial terms.

23. ULTIMATE CONTROLLING PARTY

The ultimate parent company Chayter Holdings Limited is owned by Mrs J Hayter and they are considered to be the ultimate controlling party.