Registration number: 09689535

LGTS Haulage UK Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

LGTS Haulage UK Limited

Company Information

Directors

Mrs C D Radu Mr Ion Radu

Registered office

C/O Howsons Winton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

Accountants

Howsons Chartered Accountants Winton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

LGTS Haulage UK Limited

(Registration number: 09689535)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	415,930	62,246
Current assets
Debtors	5	475,965	268,989
Cash at bank and in hand		244,277	109,429
		720,242	378,418
Creditors: Amounts falling due within one year	6	(744,155)	(382,151)
Net current liabilities		(23,913)	(3,733)
Total assets less current liabilities		392,017	58,513
Creditors: Amounts falling due after more than one year	6	(180,334)	(15,689)
Provisions for liabilities		(103,983)	(15,562)
Net assets		107,700	27,262
Capital and reserves
Called up share capital		100	100
Retained earnings		107,600	27,162
Shareholders' funds		107,700	27,262

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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been 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 28 August 2025 and signed on its behalf by:
 

LGTS Haulage UK Limited

(Registration number: 09689535)
Balance Sheet as at 31 December 2024

......................................... Mrs C D Radu Director

LGTS Haulage UK Limited

Notes to the Unaudited 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 and Wales.

The address of its registered office is:
C/O Howsons
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole 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.

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.

LGTS Haulage UK Limited

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

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
Motor vehicles	20% straight line
Office equipment	33% straight line
Plant and machinery	10% straight line

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.

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

LGTS Haulage UK Limited

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 4).

4	Tangible assets

	Motor vehicles  £	Other property, plant and equipment  £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	181,717	35,600	7,252	224,569
Additions	384,024	-	628	384,652
At 31 December 2024	565,741	35,600	7,880	609,221
Depreciation
At 1 January 2024	148,864	7,716	5,742	162,322
Charge for the year	26,006	3,560	1,403	30,969
At 31 December 2024	174,870	11,276	7,145	193,291
Carrying amount
At 31 December 2024	390,871	24,324	735	415,930
At 31 December 2023	32,853	27,884	1,509	62,246

5

Debtors

	2024 £	2023 £
Trade debtors	22,778	1,800
Other debtors	266,893	186,368
Accrued income	186,294	80,821
	475,965	268,989

LGTS Haulage UK Limited

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

6

Creditors

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts	7	105,512	2,874
Trade creditors		433,833	123,928
Taxation and social security		145,123	212,153
Other creditors		15,165	32,014
Other borrowings	7	10,352	10,119
Directors' loan account		34,170	1,063
		744,155	382,151
Due after one year
Loans and borrowings	7	180,334	15,689

7	Loans and borrowings

The finance lease liabilities are secured on the assets to which the finance relates.

Other borrowings relate to a Coronavirus Bounce Back Loan. This is repayable over 6 years at 2.5% interest, with a government funded interest free period for the first 12 months.

8	Going Concern

The accounts have been prepared on a going concern basis. The company has continued to grow with turnover increasing and profits remaining high. The directors are making capital investments in the company to promote future growth. They continue to support the company where needed.