Long Haul Limited Filleted accounts for Companies House (small and micro)

Long Haul Limited

Unaudited financial statements

31 January 2025

Company Registration Number 03149176

Long Haul Limited

Financial statements

year ended 31 January 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 6

Long Haul Limited

Balance sheet

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	566,525	391,196

Current assets

Stocks		23,894	11,712
Debtors	6	122,162	99,746
Cash at bank and in hand		53,071	99,916
		---------	---------
		199,127	211,374

Creditors: amounts falling due within one year	7	261,730	229,797
		---------	---------
Net current liabilities		62,603	18,423
		---------	---------
Total assets less current liabilities		503,922	372,773

Creditors: amounts falling due after more than one year	8	153,134	29,095

Provisions	68,809	52,747
	---------	---------
Net assets	281,979	290,931
	---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	281,977	290,929
	---------	---------
Shareholder funds	281,979	290,931
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Long Haul Limited

Balance sheet (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 22 August 2025 , and are signed on behalf of the board by:

L W Colman
Director

Company registration number: 03149176

Long Haul Limited

Notes to the financial statements

year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Caudle Meadows, Wigthorpe Lane, Wigthorpe, Worksop.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

3.1 Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

3.2 Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

3.3 Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

3.4 Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

3.5 Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	20% straight line
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

3.6 Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3.7 Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

3.8 Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

3.9 Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
£	£	£	£	£

Cost
At 1 February 2024	40,390	233,693	6,871	451,473	732,427
Additions	–	215,400	–	132,900	348,300
Disposals	–	( 61,500)	–	–	( 61,500)
	--------	---------	-------	---------	------------
At 31 January 2025	40,390	387,593	6,871	584,373	1,019,227
	--------	---------	-------	---------	------------
Depreciation
At 1 February 2024	24,234	96,760	3,000	216,466	340,460
Charge for the year	8,078	48,636	606	88,331	145,651
Disposals	–	( 33,409)	–	–	( 33,409)
	--------	---------	-------	---------	------------
At 31 January 2025	32,312	111,987	3,606	304,797	452,702
	--------	---------	-------	---------	------------
Carrying amount
At 31 January 2025	8,078	275,606	3,265	279,576	566,525
	--------	---------	-------	---------	------------
At 31 January 2024	16,156	136,933	3,871	235,007	391,967
	--------	---------	-------	---------	------------

6. Debtors

	2025	2024
	£	£

Trade debtors	97,132	84,084
Other debtors	25,030	15,662
	---------	--------
	122,162	99,746
	---------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£

Bank loans and overdrafts	10,000	10,000
Trade creditors	50,220	38,042
Corporation tax	8	224
Social security and other taxes	4,265	15,715
Other creditors	197,237	165,816
	---------	---------
	261,730	229,797
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£

Bank loans and overdrafts	8,402	18,258
Other creditors	144,732	10,837
	---------	--------
	153,134	29,095
	---------	--------