REGISTERED NUMBER: 01826745 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CSM HAULAGE CONTRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N P Morton

SECRETARY:

Mrs N A Morton

REGISTERED OFFICE:

Plot 1 Thurrock Wharf

Oliver Close

West Thurrock

Grays

Essex

RM20 3RR

REGISTERED NUMBER:

01826745 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

Waterhouse Business Centre

Unit 53

2 Cromar Way

Chelmsford

Essex

CM1 2QE

BANKERS:

Barclays Bank Plc

High Street

Chelmsford

Essex

CM1 1BG

FIXED ASSETS

Tangible assets

4

737,890

669,222

CURRENT ASSETS

Stocks

21,874

16,940

Debtors

5

805,951

705,073

Cash at bank

592,765

1,145,806

1,420,590

1,867,819

CREDITORS

Amounts falling due within one year

6

250,843

726,428

NET CURRENT ASSETS

1,169,747

1,141,391

TOTAL ASSETS LESS CURRENT LIABILITIES

1,907,637

1,810,613

CREDITORS

Amounts falling due after more than one year

7

(85,640

)

(102,768

)

PROVISIONS FOR LIABILITIES

(184,229

)

(162,984

)

NET ASSETS

1,637,768

1,544,861

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

1,627,768

1,534,861

SHAREHOLDERS' FUNDS

1,637,768

1,544,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 31 July 2025 and were signed by:

Mr N P Morton - Director

1.	STATUTORY INFORMATION

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

Going concern

The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the directors are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods and services supplied, net of returns, discounts and value added taxes, and adjusted for accrued income.

Revenue is recognised based on the service delivery date of when goods and services are delivered to the customer, such that the risks and rewards of ownership have passed to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Stocks and work in progress

Stock and work in progress are valued at the lower of cost and selling price, after making due allowance for obsolete and slow moving items. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation

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

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 the profit and loss account 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. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

-

934,822

98,852

1,033,674

Additions

15,200

160,912

-

176,112

Disposals

-

(119,800

)

-

(119,800

)

At 31 December 2024

15,200

975,934

98,852

1,089,986

DEPRECIATION

At 1 January 2024

-

319,145

45,307

364,452

Charge for year

760

81,971

24,713

107,444

Eliminated on disposal

-

(119,800

)

-

(119,800

)

At 31 December 2024

760

281,316

70,020

352,096

NET BOOK VALUE

At 31 December 2024

14,440

694,618

28,832

737,890

At 31 December 2023

-

615,677

53,545

669,222

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

701,756

530,830

Amount due from related company

25,200

25,200

VAT

-

53,899

Prepayments and accrued income

78,995

95,144

805,951

705,073

Included in trade debtors are amounts totalling £644,433 (2023: £489,925) which are subject to factoring terms. No advances were received against these debtors at the year end date (2023: £nil).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

122,517

671,555

Corporation tax

14,367

17,051

Social security and other taxes

23,409

24,952

VAT

27,404

-

Other creditors

-

264

Directors' current accounts

1,776

1,776

Accrued expenses

61,370

10,830

250,843

726,428

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Social security and other taxes

85,640

102,768

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

827,791

728,266

Between one and five years

1,734,867

655,638

2,562,658

1,383,904

The company entered into a new tenancy agreement for Plot 1, Thurrock Wharf, Oliver Close, West Thurrock, Grays, with rental commitments until 1 July 2029.

During the year the company received a lease surrender payment of £nil (2023: £338,000) from CSM Haulage Contractors Ltd RBS due to an early termination of a rental lease agreement. This was subject to capital gains tax.

9.	RELATED PARTY DISCLOSURES

CSM Storage & Archives Limited

During the year CSM Haulage Contractors Limited loaned CSM Storage & Archives Limited, a company in which Mr C S Morton and Mr N P Morton are directors, totalling £25,200 (2023: £25,200) on an interest free basis. The amount is repayable on demand.