ACCOUNTS - Final Accounts preparation

Company registration number: 01158869

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 5 APRIL 2025

	BILLCOLE HAULAGE (STEVENAGE) LIMITED


BILLCOLE HAULAGE (STEVENAGE) LIMITED REGISTERED NUMBER:01158869

STATEMENT OF FINANCIAL POSITION

AS AT 5 APRIL 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		674,565		718,053
			674,565		718,053
Current assets
Debtors: amounts falling due within one year	5	240,989		228,489
Bank and cash balances		24,864		28,276
		265,853		256,765
Creditors: amounts falling due within one year	6	(287,305)		(194,406)
Net current (liabilities)/assets			(21,452)		62,359
Total assets less current liabilities			653,113		780,412
Creditors: amounts falling due after more than one year	7		(358,691)		(431,300)
Provisions for liabilities
Deferred tax		(24,254)		(34,765)
			(24,254)		(34,765)
Net assets			270,168		314,347

Capital and reserves
Called up share capital	100	100
Profit and loss account	270,068	314,247
	270,168	314,347

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BILLCOLE HAULAGE (STEVENAGE) LIMITED REGISTERED NUMBER:01158869

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 5 APRIL 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

W A Coleman

Director

Date: 17 November 2025

The notes on pages 3 to 7 form part of these financial statements.

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BILLCOLE HAULAGE (STEVENAGE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

1.	General information

Billcole Haulage (Stevenage) 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.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue from logistics services is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that

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BILLCOLE HAULAGE (STEVENAGE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

2.Accounting policies (continued)

2.3

Current and deferred taxation (continued)

have been enacted or substantively enacted by the reporting date.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery	-	25%	reducing balance
Motor vehicles	-	25%	reducing balance
Fixtures and fittings	-	20%	straight line
Office equipment	-	33%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the
revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially
from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified
valuers.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the
previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess
losses are recognised in profit or loss.

2.6

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

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BILLCOLE HAULAGE (STEVENAGE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

2.Accounting policies (continued)

2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the year was 15 (2024 - 17).

4.	Tangible fixed assets

	Freehold property	Plant and machinery	Motor vehicles	Other fixed assets	Total
	£	£	£	£	£
Cost or valuation
At 6 April 2024	513,863	47,237	410,248	41,080	1,012,428
Additions	-	499	-	-	499
Disposals	-	-	(28,922)	-	(28,922)
At 5 April 2025	513,863	47,736	381,326	41,080	984,005
Depreciation
At 6 April 2024	-	36,798	257,577	-	294,375
Charge for the year	-	3,646	37,625	-	41,271
Disposals	-	-	(26,206)	-	(26,206)
At 5 April 2025	-	40,444	268,996	-	309,440
Net book value
At 5 April 2025	513,863	7,292	112,330	41,080	674,565
At 5 April 2024	513,863	10,439	152,671	41,080	718,053

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BILLCOLE HAULAGE (STEVENAGE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Debtors

					2025	2024
					£	£


Trade debtors	168,835	144,659
Other debtors	-	2
Prepayments and accrued income	72,154	83,828
	240,989	228,489

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	10,000	10,000
Trade creditors	43,750	51,938
Corporation tax	72,587	13,293
Other taxation and social security	37,849	44,560
Obligations under finance lease and hire purchase contracts	36,778	36,778
Other creditors	80,543	29,748
Accruals and deferred income	5,798	8,089
	287,305	194,406

The following liabilities were secured:
	2025	2024
	£	£


Obligations under finance lease and hire purchase contracts	36,777	36,778
	36,777	36,778

Details of security provided:

The bank loan and other facilities are secured by a fixed and floating charge over the company's assets.

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BILLCOLE HAULAGE (STEVENAGE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	330,634	366,467
Net obligations under finance leases and hire purchase contracts	28,057	64,833
	358,691	431,300

The following liabilities were secured:
	2025	2024
	£	£


Mortgage	327,558	353,211
Net obligations under finance leases and hire purchase contracts	28,056	64,833
	355,614	418,044

Details of security provided:

The bank loan and other facilities are secured by a fixed and floating charge over the company's assets.

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