REGISTERED NUMBER: SC233251 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Blacks Haulage Solutions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S I Black

Mrs M A Black

REGISTERED OFFICE:

Nethermuir

New Road

Bathgate

EH48 4LF

REGISTERED NUMBER:

SC233251 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

Drumsheugh Toll

2 Belford Road

Edinburgh

Midlothian

EH4 3BL

FIXED ASSETS

Intangible assets

4

41,981

7,200

Tangible assets

5

976,590

972,013

1,018,571

979,213

CURRENT ASSETS

Stocks

8,840

44,683

Debtors

6

812,055

921,718

Cash at bank and in hand

132,701

244,263

953,596

1,210,664

CREDITORS

Amounts falling due within one year

7

1,053,472

1,032,800

NET CURRENT (LIABILITIES)/ASSETS

(99,876

)

177,864

TOTAL ASSETS LESS CURRENT LIABILITIES

918,695

1,157,077

CREDITORS

Amounts falling due after more than one year

8

(394,727

)

(342,304

)

PROVISIONS FOR LIABILITIES

(243,439

)

(235,673

)

NET ASSETS

280,529

579,100

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Capital redemption reserve

5,000

5,000

Retained earnings

270,529

569,100

280,529

579,100

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 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 25 September 2025 and were signed on its behalf by:

Mr S I Black - Director

1.	STATUTORY INFORMATION

Blacks Haulage Solutions Ltd is a private company, limited by shares , registered in Scotland. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 67 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

9,000

Additions

41,000

At 31 December 2024

50,000

AMORTISATION

At 1 January 2024

1,800

Charge for year

6,219

At 31 December 2024

8,019

NET BOOK VALUE

At 31 December 2024

41,981

At 31 December 2023

7,200

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

146,272

550,175

28,020

1,816,968

2,541,435

Additions

-

2,829

2,836

281,325

286,990

Disposals

(146,272

)

-

-

(110,872

)

(257,144

)

At 31 December 2024

-

553,004

30,856

1,987,421

2,571,281

DEPRECIATION

At 1 January 2024

116,950

397,207

19,150

1,036,115

1,569,422

Charge for year

-

30,789

1,774

164,339

196,902

Eliminated on disposal

(116,950

)

-

-

(54,683

)

(171,633

)

At 31 December 2024

-

427,996

20,924

1,145,771

1,594,691

NET BOOK VALUE

At 31 December 2024

-

125,008

9,932

841,650

976,590

At 31 December 2023

29,322

152,968

8,870

780,853

972,013

Included within tangible fixed assets are items held under a hire purchase agreement. The associated obligations are included within creditors falling due within one year and over one year.

At the balance sheet date, the net book value of these assets were £856,414 (2023: £598,252). These items cost a total of £1,126,547 and have accumulated depreciation to date of £270,133.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

754,101

833,176

Other debtors

16,590

46,912

Directors' current accounts

34,379

33,027

Prepayments and accrued income

6,985

8,603

812,055

921,718

The company uses an invoice discounting service with recourse. Included within trade debtors are £381,984 (2023: £501,232) of debts to be recovered by the factor.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,393

10,141

Hire purchase contracts

188,993

163,700

Trade creditors

316,206

232,402

Tax

11,603

11,147

Social security and other taxes

32,437

29,161

VAT

77,385

153,180

Other creditors

365,811

421,503

Accrued expenses

50,644

11,566

1,053,472

1,032,800

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 2-5 years

4,404

14,790

Hire purchase contracts

390,323

327,514

394,727

342,304

9.	SECURED DEBTS

Included within other creditors is a balance of £260,841 (2023 £414,703) due to the invoice discounting service provider. This is without recourse.

The factor holds a floating charge over the assets of the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mr S I Black and Mrs M A Black

Balance outstanding at start of year

33,027

33,000

Amounts advanced

1,352

27

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,379

33,027

Interest has been charged on the overdrawn directors loan balance at the ORI. No other repayment terms are attached to this loan.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £7,001 (2023 - £12,078) were paid to the directors .

Debtors due less than 1 year

Within trade debtors is a balance totalling £159,366. This amount is due from SB Fuels Ltd and is for rechargeable expenses.

Within other debtors is a loan balance of £4,987 (2023: £11,264). This amount is due from SB Fuels Ltd. No interest is charged on this loan, it is repayable on demand, with no payment terms attached.

SB Fuels Ltd is a company in which both directors of Blacks Haulage Solutions Ltd are also directors and each holds 50% of the shareholding of the company.

Within trade debtors is a balance of £37,584 (2023: £24,000) due from JANDS Feeds Manufacturing Ltd. This is for rechargeable expenses.

JANDS Feeds Manufacturing Ltd is a company in which both directors of Blacks Haulage Solutions Ltd are also directors of and each holds 50% of the shareholding.

The directors are of the view that the above amounts are recoverable.