REGISTERED NUMBER: 01199148 (England and Wales)

Financial Statements

for the Period 31st December 2023 to 28th December 2024

for

Medway Hauliers Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

R. J. Swain

S. A. M. Swain

M. G. Swain

M. Deer

S. J. Rigby

REGISTERED OFFICE:

Medway Freight Centre

Priory Road

Strood

Rochester

Kent

ME2 2BD

REGISTERED NUMBER:

01199148 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Medway Hauliers Limited for the period ended 28th December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Medway Hauliers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Medway Hauliers Limited and state those matters that we have agreed to state to the Board of Directors of Medway Hauliers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Medway Hauliers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Medway Hauliers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Medway Hauliers Limited. You consider that Medway Hauliers Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Medway Hauliers 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 financial statements.

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

10th September 2025

FIXED ASSETS

Tangible assets

4

1,355,579

868,895

CURRENT ASSETS

Debtors

5

4,280,834

3,528,522

Cash at bank

15,509

229,241

4,296,343

3,757,763

CREDITORS

Amounts falling due within one year

6

1,587,299

908,590

NET CURRENT ASSETS

2,709,044

2,849,173

TOTAL ASSETS LESS CURRENT LIABILITIES

4,064,623

3,718,068

CREDITORS

Amounts falling due after more than one year

7

(477,274

)

(132,253

)

PROVISIONS FOR LIABILITIES

10

(155,296

)

(154,916

)

NET ASSETS

3,432,053

3,430,899

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,431,953

3,430,799

SHAREHOLDERS' FUNDS

3,432,053

3,430,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 10th September 2025 and were signed on its behalf by:

S. J. Rigby - Director

1.	STATUTORY INFORMATION

Medway Hauliers 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.

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 the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

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

-

20% on cost and 20% on reducing balance

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 period was 12 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 31st December 2023

3,408,894

Additions

912,673

Disposals

(143,042

)

At 28th December 2024

4,178,525

DEPRECIATION

At 31st December 2023

2,539,999

Charge for period

425,975

Eliminated on disposal

(143,028

)

At 28th December 2024

2,822,946

NET BOOK VALUE

At 28th December 2024

1,355,579

At 30th December 2023

868,895

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

1,684,576

1,030,278

Other debtors and prepayments

159,460

200,257

1,844,036

1,230,535

Amounts falling due after more than one year:

Other debtors and prepayments

2,436,798

2,297,987

Aggregate amounts

4,280,834

3,528,522

Trade debtors in the sum of £1,684,576 (2023: £1,030,278) were subject to an invoice discounting agreement.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

330,931

-

Hire purchase contracts

491,513

375,160

Trade creditors

508,963

356,600

Social security and other taxes

3,690

401

Other creditors and accruals

252,202

176,429

1,587,299

908,590

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

477,274

132,253

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

330,931

-

Bank loans and overdrafts are secured by fixed and floating charges on all assets of the company.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

968,787

507,413

The hire purchase agreements are fixed against specific items included in tangible fixed assets.

The company has given a cross company guarantee to HSBC Invoice Finance in respect of associated companies. No claim is expected to arise in respect of.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

155,296

154,916

Deferred

tax

£

Balance at 31st December 2023

154,916

Charge to Income Statement during period

380

Balance at 28th December 2024

155,296

11.	ULTIMATE CONTROLLING PARTY