REGISTERED NUMBER: 02654388 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Bryan J. Nunn Haulage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N J Nunn

Mr B J Nunn

SECRETARY:

Mrs N J Nunn

REGISTERED OFFICE:

Transport Depot

Chapel Pond Hill

Bury St. Edmunds

Suffolk

IP32 7HT

REGISTERED NUMBER:

02654388 (England and Wales)

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

7,022,367

1,583,181

Investment property

7

5,448,081

7,432,281

12,470,448

9,015,462

CURRENT ASSETS

Stocks

88,586

109,469

Debtors

8

1,360,518

943,524

Cash at bank

2,214,191

4,658,968

3,663,295

5,711,961

CREDITORS

Amounts falling due within one year

9

1,413,483

1,318,532

NET CURRENT ASSETS

2,249,812

4,393,429

TOTAL ASSETS LESS CURRENT LIABILITIES

14,720,260

13,408,891

CREDITORS

Amounts falling due after more than one year

10

(354,021

)

(248,276

)

PROVISIONS FOR LIABILITIES

(1,040,487

)

(1,002,528

)

NET ASSETS

13,325,752

12,158,087

CAPITAL AND RESERVES

Called up share capital

60,000

60,000

Revaluation reserve

12

2,048,443

2,048,443

Retained earnings

11,217,309

10,049,644

13,325,752

12,158,087

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 4 November 2025 and were signed on its behalf by:

Mr B J Nunn - Director

Mrs N J Nunn - Director

1.	STATUTORY INFORMATION

Bryan J. Nunn Haulage 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Development costs have been fully amortised to represent their value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value

of each asset over its estimated useful life.

Land - not depreciated as it is considered to have an indefinite useful life.

Freehold property - 2% on cost

Plant and machinery etc - 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 25 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

7,960

AMORTISATION

At 1 April 2024

and 31 March 2025

7,960

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

376,305

4,143,600

4,519,905

Additions

3,192,040

614,535

3,806,575

Disposals

-

(85,600

)

(85,600

)

Reclassification/transfer

2,130,160

-

2,130,160

At 31 March 2025

5,698,505

4,672,535

10,371,040

DEPRECIATION

At 1 April 2024

94,192

2,842,532

2,936,724

Charge for year

14,718

477,609

492,327

Eliminated on disposal

-

(80,378

)

(80,378

)

At 31 March 2025

108,910

3,239,763

3,348,673

NET BOOK VALUE

At 31 March 2025

5,589,595

1,432,772

7,022,367

At 31 March 2024

282,113

1,301,068

1,583,181

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

Plant and

machinery

etc

£

COST

At 1 April 2024

920,285

Additions

482,900

Transfer to ownership

(320,000

)

Reclassification/transfer

275,501

At 31 March 2025

1,358,686

DEPRECIATION

At 1 April 2024

491,871

Charge for year

249,938

Transfer to ownership

(201,813

)

Reclassification/transfer

68,876

At 31 March 2025

608,872

NET BOOK VALUE

At 31 March 2025

749,814

At 31 March 2024

428,414

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

7,432,281

Additions

145,960

Reclassification/transfer

(2,130,160

)

At 31 March 2025

5,448,081

NET BOOK VALUE

At 31 March 2025

5,448,081

At 31 March 2024

7,432,281

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

952,508

Valuation in 2023

147,310

Valuation in 2024

1,440,000

Cost

2,908,263

5,448,081

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

2,908,263

4,701,023

Investment property was valued on an open market basis on 31 March 2025 by the directors .

8.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

883,800

934,334

Other debtors

321,644

9,190

1,205,444

943,524

Amounts falling due after more than one year:

Other debtors

155,074

-

Aggregate amounts

1,360,518

943,524

Included within other debtors is a balance of £17,557 (2024 - £9,190) in relation to prepayments, a balance of £294,087 (2024 - £Nil) in relation to directors' loan accounts and a balance of £10,000 (2024 - £Nil) in relation to deposits held.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 11)

208,941

204,474

Trade creditors

407,602

269,015

Taxation and social security

732,947

765,383

Other creditors

63,993

79,660

1,413,483

1,318,532

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 11)

354,021

248,276

11.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

208,941

204,474

Between one and five years

354,021

248,276

562,962

452,750

Lessor

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2025

2024

£

£

Within one year

106,666

138,394

Greater than one year

106,662

169,551

213,328

307,945

12.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

2,048,443

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company provided an interest-bearing loan to its directors. Amounts advanced to the directors totalled £325,114 (2024 - £24,909), amounts repaid to the company totalled £42,802 (2024 - £25,000) and interest charged on the loan at a rate of 5.9% totalled £11,957 (2024 - £Nil). The balance owed to the company at the year end totalled £294,087 (2024 - balance owed to the director £182) and is repayable on demand.