General Information
Alan Glendinning Haulage Ltd is a private company, limited by shares, registered in England and Wales, registration number 05011427, registration address Site Office Bulmans Yard, Penrith Industrial Estate, Penrith, Cumbria, CA11 9EU.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Motor Vehicles |
20% Reducing Balance
|
| Computer Equipment |
15% Reducing Balance
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 16 (2024 : 14).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 29 February 2024 |
1,712,994 |
|
99,938 |
|
1,812,932 |
| Additions |
184,885 |
|
- |
|
184,885 |
| Disposals |
(29,002) |
|
- |
|
(29,002) |
| At 28 February 2025 |
1,868,877 |
|
99,938 |
|
1,968,815 |
| Depreciation |
| At 29 February 2024 |
607,377 |
|
74,924 |
|
682,301 |
| Charge for year |
241,855 |
|
3,753 |
|
245,608 |
| On disposals |
(6,187) |
|
- |
|
(6,187) |
| At 28 February 2025 |
843,045 |
|
78,677 |
|
921,722 |
| Net book values |
| Closing balance as at 28 February 2025 |
1,025,832 |
|
21,261 |
|
1,047,093 |
| Opening balance as at 29 February 2024 |
1,105,617 |
|
25,014 |
|
1,130,631 |
|
| 4. |
Investments
| Cost |
Investments in group undertakings |
|
Total |
| |
£ |
|
£ |
| At 29 February 2024 |
98,000 |
|
98,000 |
| Additions |
- |
|
- |
| Transfer to/from tangible fixed assets |
0 |
|
0 |
| Disposals |
- |
|
- |
| Revaluations |
(48,000) |
|
(48,000) |
| At 28 February 2025 |
50,000 |
|
50,000 |
|
| 5. |
Stocks
|
2025
£ |
|
2024
£ |
| Work in Progress |
26,900 |
|
45,600 |
|
26,900 |
|
45,600 |
|
| 6. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
705,979 |
|
421,926 |
| Other Debtors |
91,312 |
|
91,038 |
|
797,291 |
|
512,964 |
|
| 7. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
685,150 |
|
574,851 |
| Bank Loans & Overdrafts |
12,527 |
|
12,696 |
| Taxation and Social Security |
16,109 |
|
18,132 |
| Obligations under HP/Financial Leases |
292,445 |
|
365,904 |
| Other Creditors |
563,073 |
|
352,242 |
|
1,569,304 |
|
1,323,825 |
|
| 8. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
0 |
|
9,804 |
| Obligations under HP/Financial Leases |
295,411 |
|
437,918 |
|
295,411 |
|
447,722 |
|
| 9. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
200
Class A shares of £1.00 each |
200 |
|
200 |
|
200 |
|
200 |
|
| 10. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Brewers Road Haulage Ltd | 457,500 | | 350,000 | | 119,842 | | 87,763 |
The Company invoiced Brewers Road Haulage Ltd £457,500 during the year for Management Services ( £350,000 - 2024 ) |
| 11. |
Directors advances, credits and guarantees
Included within Other Debtors falling due in one year is £38,663. ( 2024 - £50,965 ) being the amount owed by the Director. Net amounts repaid during the year were £13,352. This amount was repaid within nine months after the year end. Interest at the official rate has been charged on these balances.
|
4
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