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Registration number: 04938607

Ticks Haulage Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Ticks Haulage Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 8

Ticks Haulage Limited

Company Information

Directors | H J Steward H J Steward T L Steward

Company secretary | H J Steward

Registered office | 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers | Barclays Bank Plc 9 High Street Colchester Essex CO1 1DA

Accountants | Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Ticks Haulage Limited

(Registration number: 04938607)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 899,645 | 995,887
Current assets |  |  |
Debtors | 6 | 130,933 | 184,504
Cash at bank and in hand |  | 390,143 | 347,365
|  | 521,076 | 531,869
Creditors: Amounts falling due within one year | 7 | (169,554) | (107,582)
Net current assets |  | 351,522 | 424,287
Total assets less current liabilities |  | 1,251,167 | 1,420,174
Creditors: Amounts falling due after more than one year | 7 | (45,257) | (126,143)
Provisions for liabilities |  | (192,028) | (210,777)
Net assets |  | 1,013,882 | 1,083,254
Capital and reserves |  |  |
Called up share capital | 8 | 1,200 | 1,200
Retained earnings |  | 1,012,682 | 1,082,054
Shareholders' funds |  | 1,013,882 | 1,083,254

For the financial year ended 30 April 2025 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.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 September 2025 and signed on its behalf by:

H J Steward
Company secretary and director

Ticks Haulage Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

1 | General information

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

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, United Kingdom.

The principal place of business is: The Haulage yard, South Strand, Manningtree, Colchester, Essex, CO11 1UP.

These financial statements were authorised for issue by the Board on 2 September 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 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 financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Prior period errors

Revenue recognition

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

Government grants

Government grants have been recognised within the profit and loss account for the accounting period they relate to,

Tax

Current Tax is recognised in the profit and loss account, 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 income 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.

Deferred tax is recognised on temporary material 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 tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Ticks Haulage Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold land | Not depreciated
Improvements to property | Over the term of the lease
Plant and machinery | 20% reducing balance method
Office equipment, fixtures and fittings | 20% reducing balance & 33% straight line method
Motor vehicles | 25% reducing balance method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Amortised evenly over 15 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. 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.

Trade creditors

Trade creditors are obligations to pay for services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Ticks Haulage Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

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 in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
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.

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 paid.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 8).

Ticks Haulage Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 May 2024 | 37,250 | 37,250
At 30 April 2025 | 37,250 | 37,250
Amortisation
At 1 May 2024 | 37,250 | 37,250
At 30 April 2025 | 37,250 | 37,250
Carrying amount
At 30 April 2025 | - | -

5 | Tangible assets

| Freehold land £ | Office equipment, Fixtures & fittings £ | Motor vehicles £ | Improvements to property £ | Plant and machinery £ | Total £
Cost or valuation
At 1 May 2024 | 131,517 | 5,592 | 999,307 | 30,769 | 595,208 | 1,762,393
Additions | - | 944 | 92,805 | - | 26,143 | 119,892
Disposals | - | - | (40,149) | - | - | (40,149)
At 30 April 2025 | 131,517 | 6,536 | 1,051,963 | 30,769 | 621,351 | 1,842,136
Depreciation
At 1 May 2024 | - | 4,326 | 360,095 | 13,928 | 388,157 | 766,506
Charge for the year | - | 971 | 161,078 | 1,270 | 42,415 | 205,734
Eliminated on disposal | - | - | (29,749) | - | - | (29,749)
At 30 April 2025 | - | 5,297 | 491,424 | 15,198 | 430,572 | 942,491
Carrying amount
At 30 April 2025 | 131,517 | 1,239 | 560,539 | 15,571 | 190,779 | 899,645
At 30 April 2024 | 131,517 | 1,266 | 639,212 | 16,841 | 207,051 | 995,887

Ticks Haulage Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 84,700 | 113,542
Directors loan account | 14,119 | -
Other debtors | 13,730 | 48,748
Prepayments | 18,384 | 22,214
| 130,933 | 184,504

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 129,852 | 52,678
Trade creditors |  | 17,617 | 10,621
Taxation and social security |  | 3,791 | 31,004
Corporation tax |  | 3,993 | -
Other creditors |  | 11,606 | 10,564
Accruals and deferred income |  | 2,695 | 2,715
|  | 169,554 | 107,582

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £119,852 (2024 - £42.678).

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 45,257 | 126,143

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £44,424 (2024 - £115,310).

Ticks Haulage Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000
Ordinary B shares of £1 each | 100 | 100 | 100 | 100
Ordinary C shares of £1 each | 100 | 100 | 100 | 100
| 1,200 | 1,200 | 1,200 | 1,200

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,000 | 10,000
Hire purchase contracts | 119,852 | 42,678
| 129,852 | 52,678

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 833 | 10,833
Hire purchase contracts | 44,424 | 115,310
| 45,257 | 126,143

10 | Related party transactions

Transactions with directors

2025 | At 1 May 2024 £ | Advances to director £ | Repayments by director £ | At 30 April 2025 £
Director's loan account | (7) | 19,126 | (5,000) | 14,118

2024 | At 1 May 2023 £ | Advances to director £ | Repayments by director £ | At 30 April 2024 £
Director's loan account | (132) | 2,225 | (2,100) | (7)