Registration number:
J E Winter Haulage Limited
trading as
for the Year Ended 31 March 2025
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Contents
|
Company Information |
|
|
Directors' Report |
|
|
Accountants' Report |
|
|
Profit and Loss Account and Statement of Retained Earnings |
|
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
|
|
Detailed Profit and Loss Account |
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Company Information
|
Directors |
Mr Mark Winter Mr David Winter |
|
Registered office |
|
|
Accountants |
|
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Directors' Report for the Year Ended 31 March 2025
The directors present their report and the financial statements for the year ended 31 March 2025.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is that of freight transport by road
Small companies provision statement
This report has 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.
Approved and authorised by the
|
......................................... |
|
......................................... |
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
for the Year Ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J E Winter Haulage Limited for the year ended 31 March 2025 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.
It is your duty to ensure that J E Winter Haulage Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of J E Winter Haulage Limited. You consider that J E Winter Haulage Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J E Winter Haulage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
202-206 Linthorpe Road
Middlesbrough
TS1 3QW
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 March 2025
|
Note |
2025 |
2024 |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Operating loss |
( |
( |
|
|
Interest payable and similar charges |
( |
( |
|
|
(9,050) |
(19,464) |
||
|
Loss before tax |
( |
( |
|
|
Taxation |
|
( |
|
|
Loss for the financial year |
( |
( |
|
|
Retained earnings brought forward |
176,963 |
271,891 |
|
|
Dividends paid |
( |
( |
|
|
Retained earnings carried forward |
160,249 |
176,963 |
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
(Registration number: 04531740)
Balance Sheet as at 31 March 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
100 |
100 |
|
|
Retained earnings |
160,249 |
176,963 |
|
|
Shareholders' funds |
160,349 |
177,063 |
For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
|
• |
|
|
• |
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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
|
......................................... |
......................................... |
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
|
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
|
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 except that as disclosed in the accounting policies certain items are shown at fair value.
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.
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
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 |
|
Fixtures and fittings |
15% reducing balance |
|
Plant and machinery |
25% reducing balance |
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 |
10% straight line |
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.
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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.
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 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.
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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.
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.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
|
Loss before tax |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Amortisation expense |
- |
|
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
|
Intangible assets |
|
Goodwill |
Total |
|
|
Cost or valuation |
||
|
At 1 April 2024 |
|
|
|
At 31 March 2025 |
|
|
|
Amortisation |
||
|
At 1 April 2024 |
|
|
|
At 31 March 2025 |
|
|
|
Carrying amount |
||
|
At 31 March 2025 |
- |
- |
|
Tangible assets |
|
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
Total |
|
|
Cost or valuation |
||||
|
At 1 April 2024 |
|
|
|
|
|
Additions |
- |
- |
|
|
|
Disposals |
- |
- |
( |
( |
|
At 31 March 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 April 2024 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
Eliminated on disposal |
- |
- |
( |
( |
|
At 31 March 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 31 March 2025 |
|
|
|
|
|
At 31 March 2024 |
|
|
|
|
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
|
Debtors |
|
Current |
2025 |
2024 |
|
Trade debtors |
|
|
|
|
|
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
|
Creditors |
Creditors: amounts falling due within one year
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Taxation and social security |
|
|
|
|
Other creditors |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
Note |
2025 |
2024 |
|
|
Due after one year |
|||
|
Loans and borrowings |
|
|
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
100 |
|
100 |
|
Loans and borrowings |
Non-current loans and borrowings
|
2025 |
2024 |
|
|
Bank borrowings |
|
|
|
Hire purchase contracts |
|
|
|
|
|
|
Current loans and borrowings
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
|
2025 |
2024 |
|
|
Bank borrowings |
|
( |
|
Finance lease liabilities |
|
|
|
Other borrowings |
|
|
|
|
|
|
|
Dividends |
Interim dividends paid
|
2025 |
2024 |
|||
|
Interim dividend of £ |
|
|
||
|
Related party transactions |
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
Directors' remuneration
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Detailed Profit and Loss Account for the Year Ended 31 March 2025
|
2025 |
2024 |
|
|
turnover (analysed below) |
1,086,157 |
1,392,664 |
|
Cost of sales (analysed below) |
(605,203) |
(822,153) |
|
Gross profit |
480,954 |
570,511 |
|
Gross profit (%) |
44.28% |
40.97% |
|
Administrative expenses |
||
|
Employment costs (analysed below) |
(336,021) |
(383,599) |
|
Establishment costs (analysed below) |
(64,139) |
(61,950) |
|
General administrative expenses (analysed below) |
(13,647) |
(44,458) |
|
Finance charges (analysed below) |
(3,962) |
(11,681) |
|
Depreciation costs (analysed below) |
(58,218) |
(76,176) |
|
Other expenses (analysed below) |
(6,454) |
(3,726) |
|
(482,441) |
(581,590) |
|
|
Operating loss |
(1,487) |
(11,079) |
|
Interest payable and similar charges (analysed below) |
(9,050) |
(19,464) |
|
Loss before tax |
(10,537) |
(30,543) |
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Detailed Profit and Loss Account for the Year Ended 31 March 2025
|
2025 |
2024 |
|
Turnover |
||
|
Sale of goods, UK |
1,086,157 |
1,392,664 |
|
Cost of sales |
||
|
Discounts receivable |
- |
3,192 |
|
Subcontract cost |
(195,154) |
(257,153) |
|
Hire of plant and machinery |
- |
(8,308) |
|
Operators Licences |
(7,890) |
(8,476) |
|
Fuel |
(307,100) |
(402,390) |
|
Repairs & Servicing |
(95,059) |
(149,018) |
|
(605,203) |
(822,153) |
|
Employment costs |
||
|
Wages and salaries |
(244,468) |
(286,645) |
|
Staff NIC (Employers) |
(23,328) |
(27,215) |
|
Directors remuneration |
(57,411) |
(57,449) |
|
Staff pensions |
(9,273) |
(10,269) |
|
Staff training |
(55) |
(300) |
|
Staff welfare |
(1,486) |
(1,721) |
|
(336,021) |
(383,599) |
|
Establishment costs |
||
|
Rent |
(12,078) |
(10,906) |
|
Water rates |
(386) |
(402) |
|
Light, heat and power |
(3,595) |
(2,321) |
|
Insurance |
(43,641) |
(45,394) |
|
Protective clothing |
(839) |
(932) |
|
Repairs and renewals |
(3,600) |
(1,995) |
|
(64,139) |
(61,950) |
|
General administrative expenses |
||
|
Telephone and fax |
(2,876) |
(3,418) |
|
Computer software |
(489) |
(473) |
|
PPS |
(545) |
(449) |
|
Trade subscriptions |
- |
(19) |
|
Hire of plant and machinery (Operating leases) |
(3,900) |
(950) |
|
Discounts allowable |
(1,326) |
- |
|
Cleaning |
(1,107) |
(867) |
|
Motor expenses |
- |
(35,713) |
|
Travel and subsistence |
(155) |
(223) |
|
Advertising |
- |
(55) |
J E Winter Haulage Limited
trading as J E Winter Haulage Ltd
Detailed Profit and Loss Account for the Year Ended 31 March 2025
|
2025 |
2024 |
|
Staff entertaining (allowable for tax) |
(155) |
(40) |
|
Accountancy fees |
(3,094) |
(2,251) |
|
(13,647) |
(44,458) |
|
Finance charges |
||
|
Bank charges |
(3,962) |
(706) |
|
Factoring Charges |
- |
(10,975) |
|
(3,962) |
(11,681) |
|
Depreciation costs |
||
|
Amortisation of goodwill |
- |
(2,750) |
|
Depreciation of plant and machinery (owned) |
(39,223) |
(45,793) |
|
Depreciation of fixtures and fittings (owned) |
(142) |
(166) |
|
Depreciation of motor vehicles (owned) |
(18,711) |
(27,277) |
|
Depreciation of office equipment (owned) |
(142) |
(190) |
|
(58,218) |
(76,176) |
|
Other expenses |
||
|
(Profit)/loss on disposals |
(6,454) |
(3,726) |
|
Interest payable and similar expenses |
||
|
Bank interest payable |
- |
(717) |
|
Bank loan interest payable |
(466) |
- |
|
Hire purchase interest |
- |
(18,747) |
|
Other interest payable |
(8,584) |
- |
|
(9,050) |
(19,464) |