REGISTERED NUMBER: 07928663 (England and Wales)

Financial Statements for the Year Ended 31 January 2025

for

Richards Light Haulage Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R W Allison

Mrs N L Allison

REGISTERED OFFICE:

73 Parkland View

Lundwood

Barnsley

South Yorkshire

S71 5LG

REGISTERED NUMBER:

07928663 (England and Wales)

ACCOUNTANTS:

Paul Howley & Co Ltd

Chartered Certified Accountants

42 Pitt Street

Barnsley

South Yorkshire

S70 1BB

FIXED ASSETS

Tangible assets

3

225,261

223,667

CURRENT ASSETS

Debtors

4

96,312

98,753

Cash at bank

34,809

56,375

131,121

155,128

CREDITORS

Amounts falling due within one year

5

185,913

176,252

NET CURRENT LIABILITIES

(54,792

)

(21,124

)

TOTAL ASSETS LESS CURRENT LIABILITIES

170,469

202,543

CREDITORS

Amounts falling due after more than one year

6

(78,506

)

(99,540

)

PROVISIONS FOR LIABILITIES

(33,479

)

(42,497

)

NET ASSETS

58,484

60,506

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

58,284

60,306

SHAREHOLDERS' FUNDS

58,484

60,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 3 October 2025 and were signed on its behalf by:

R W Allison - Director

1.	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 represents net invoiced sales of services excluding value added tax.

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 etc

-

33% on cost and 20% on reducing balance

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 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

492,932

Additions

70,395

Disposals

(109,575

)

At 31 January 2025

453,752

DEPRECIATION

At 1 February 2024

269,265

Charge for year

50,571

Eliminated on disposal

(91,345

)

At 31 January 2025

228,491

NET BOOK VALUE

At 31 January 2025

225,261

At 31 January 2024

223,667

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

96,312

95,292

Other debtors

-

3,461

96,312

98,753

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

7,552

-

Hire purchase contracts

78,839

69,750

Trade creditors

16,446

20,508

Taxation and social security

70,876

71,572

Other creditors

12,200

14,422

185,913

176,252

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

78,506

99,540

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Hire purchase contracts

157,345

169,290

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R W Allison.