REGISTERED NUMBER: 12346076 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

G PRINCE HAULAGE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr G M Prince

REGISTERED OFFICE:

Littlehaven House

24-26 Littlehaven Lane

Horsham

West Sussex

RH12 4HT

REGISTERED NUMBER:

12346076 (England and Wales)

ACCOUNTANTS:

Horsham Accountancy Services Ltd

Littlehaven House

24-26 Littlehaven Lane

Horsham

West Sussex

RH12 4HT

FIXED ASSETS

Tangible assets

4

672,103

878,161

CURRENT ASSETS

Debtors

5

71,951

108,529

Cash at bank

33,191

18,258

105,142

126,787

CREDITORS

Amounts falling due within one year

6

435,336

417,505

NET CURRENT LIABILITIES

(330,194

)

(290,718

)

TOTAL ASSETS LESS CURRENT LIABILITIES

341,909

587,443

CREDITORS

Amounts falling due after more than one year

7

251,153

399,279

NET ASSETS

90,756

188,164

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

90,656

188,064

90,756

188,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2025 and were signed by:

Mr G M Prince - Director

1.	STATUTORY INFORMATION

G Prince Haulage Ltd 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

at varying rates on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,018,496

Additions

6,500

Disposals

(97,996

)

At 31 March 2025

927,000

DEPRECIATION

At 1 April 2024

140,335

Charge for year

133,763

Eliminated on disposal

(19,201

)

At 31 March 2025

254,897

NET BOOK VALUE

At 31 March 2025

672,103

At 31 March 2024

878,161

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

71,567

108,145

Other debtors

384

384

71,951

108,529

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

147,705

149,648

Trade creditors

41,437

46,857

Taxation and social security

33,539

32,345

Other creditors

212,655

188,655

435,336

417,505

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

251,153

399,279