REGISTERED NUMBER: 07598997 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Asg Bulk Haulage Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Glaves

REGISTERED OFFICE:

2 Horseshoe Close

Wales

SHEFFIELD

S26 5PZ

REGISTERED NUMBER:

07598997 (England and Wales)

ACCOUNTANTS:

Parkins Accountants Ltd

T/A, Parkins, Chartered Accountants

Moor Park House

Bawtry Rd

Wickersley

Rotherham

South Yorkshire

S66 2BL

FIXED ASSETS

Tangible assets

4

42,625

60,746

CURRENT ASSETS

Debtors

5

118,587

121,514

Cash at bank and in hand

109,543

122,911

228,130

244,425

CREDITORS

Amounts falling due within one year

6

169,443

176,047

NET CURRENT ASSETS

58,687

68,378

TOTAL ASSETS LESS CURRENT LIABILITIES

101,312

129,124

CREDITORS

Amounts falling due after more than one year

7

(26,800

)

(32,292

)

PROVISIONS FOR LIABILITIES

9

(10,656

)

(11,542

)

NET ASSETS

63,856

85,290

CAPITAL AND RESERVES

Called up share capital

10

5

5

Retained earnings

11

63,851

85,285

SHAREHOLDERS' FUNDS

63,856

85,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 October 2025 and were signed by:

S Glaves - Director

1.	STATUTORY INFORMATION

Asg Bulk Haulage Ltd 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

25,951

500

82,876

5,299

114,626

Additions

-

-

-

682

682

Disposals

(16,900

)

-

-

-

(16,900

)

At 30 April 2025

9,051

500

82,876

5,981

98,408

DEPRECIATION

At 1 May 2024

19,998

484

28,981

4,417

53,880

Charge for year

255

4

13,474

391

14,124

Eliminated on disposal

(12,221

)

-

-

-

(12,221

)

At 30 April 2025

8,032

488

42,455

4,808

55,783

NET BOOK VALUE

At 30 April 2025

1,019

12

40,421

1,173

42,625

At 30 April 2024

5,953

16

53,895

882

60,746

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

Motor

vehicles

£

COST

At 1 May 2024

and 30 April 2025

55,878

DEPRECIATION

At 1 May 2024

13,970

Charge for year

10,477

At 30 April 2025

24,447

NET BOOK VALUE

At 30 April 2025

31,431

At 30 April 2024

41,908

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

117,535

114,856

Other debtors

1,000

-

Tax

52

6,658

118,587

121,514

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

263

10,262

Hire purchase contracts

4,969

4,969

Trade creditors

100,340

107,031

Tax

15,870

-

VAT

2,706

3,291

Directors' current accounts

42,532

48,294

Accrued expenses

2,763

2,200

169,443

176,047

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

-

522

Hire purchase contracts

26,800

31,770

26,800

32,292

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

263

10,262

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

522

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

10,656

11,542

Deferred

tax

£

Balance at 1 May 2024

11,542

Movement in the year

(886

)

Balance at 30 April 2025

10,656

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4

Ordinary A

1

4

4

1

Ordinary B

1

1

1

5

5

11.

RESERVES

Retained

earnings

£

At 1 May 2024

85,285

Profit for the year

38,891

Dividends

(60,325

)

At 30 April 2025

63,851

12.	ULTIMATE CONTROLLING PARTY

The controlling party is S Glaves.