REGISTERED NUMBER: 04586700 (England and Wales)

Unaudited Financial Statements for the Year Ended 28th February 2025

for

HARGREAVES HAULAGE (COPPULL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Hargreaves

SECRETARY:

Mrs J Hargreaves

REGISTERED OFFICE:

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

REGISTERED NUMBER:

04586700 (England and Wales)

ACCOUNTANTS:

BK Plus - Chorley

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Tangible assets

4

428,744

341,668

CURRENT ASSETS

Debtors

5

78,501

101,026

Cash at bank

125,777

139,792

204,278

240,818

CREDITORS

Amounts falling due within one year

6

249,381

197,144

NET CURRENT (LIABILITIES)/ASSETS

(45,103

)

43,674

TOTAL ASSETS LESS CURRENT LIABILITIES

383,641

385,342

CREDITORS

Amounts falling due after more than one year

7

(97,193

)

(84,730

)

PROVISIONS FOR LIABILITIES

(81,461

)

(64,959

)

NET ASSETS

204,987

235,653

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

204,887

235,553

SHAREHOLDERS' FUNDS

204,987

235,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 5th September 2025 and were signed by:

Mr A Hargreaves - Director

1.	STATUTORY INFORMATION

Hargreaves Haulage (Coppull) 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.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue is the value of services (net of VAT) provided to customers during the year. Revenue is recognised when the benefit of the services passes to the customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st March 2024

93,717

577,420

671,137

Additions

43,000

151,210

194,210

Disposals

-

(22,200

)

(22,200

)

At 28th February 2025

136,717

706,430

843,147

DEPRECIATION

At 1st March 2024

58,383

271,086

329,469

Charge for year

11,521

89,759

101,280

Eliminated on disposal

-

(16,346

)

(16,346

)

At 28th February 2025

69,904

344,499

414,403

NET BOOK VALUE

At 28th February 2025

66,813

361,931

428,744

At 29th February 2024

35,334

306,334

341,668

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st March 2024

325,370

Additions

123,550

Transfer to ownership

(107,940

)

At 28th February 2025

340,980

DEPRECIATION

At 1st March 2024

145,001

Charge for year

45,426

Transfer to ownership

(68,095

)

At 28th February 2025

122,332

NET BOOK VALUE

At 28th February 2025

218,648

At 29th February 2024

180,369

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

66,055

90,584

Other debtors

-

1,166

Tax

5,930

-

Prepayments

6,516

9,276

78,501

101,026

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts (see note 8)

10,419

10,162

Hire purchase contracts (see note 9)

76,721

55,095

Trade creditors

53,718

54,542

Tax

-

7,158

Social security and other taxes

38,201

39,906

Other creditors

912

546

Directors' current accounts

66,660

27,160

Accrued expenses

2,750

2,575

249,381

197,144

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans (see note 8)

3,527

13,946

Hire purchase contracts (see note 9)

93,666

70,784

97,193

84,730

8.

LOANS

The bank loan relates to the government backed Bounce Back Loan.

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

28.2.25

29.2.24

£

£

Net obligations repayable:

Within one year

76,721

55,095

Between one and five years

93,666

70,784

170,387

125,879

10.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Hire purchase contracts

170,387

125,879

Hire purchase contracts are secured on the assets to which they relate.

11.	RELATED PARTY DISCLOSURES

At the 28 February 2025, the company owed £66,660 (2024 £27,160) to its director. No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan.

12.	ULTIMATE CONTROLLING PARTY

Throughout the year, Mr and Mrs A Hargreaves (director and company secretary) have controlled the company by virtue of their majority shareholding.