L & D Williams Haulage Ltd - Filleted accounts

Registered number

05094533

L & D Williams Haulage Ltd

Filleted Accounts

31 March 2025

L & D Williams Haulage Ltd
Registered number:		05094533
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		19,716			40,536

Current assets
Debtors	4	17,689			27,931
Cash at bank and in hand		130,863			112,354
		148,552			140,285

Creditors: amounts falling due within one year	5	(51,370)			(60,052)

Net current assets			97,182			80,233

Total assets less current liabilities			116,898			120,769

Creditors: amounts falling due after more than one year	6		(51,031)			(65,092)



Net assets			65,867			55,677

Capital and reserves
Called up share capital			100			100
Profit and loss account			65,767			55,577

Shareholders' funds			65,867			55,677

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Williams
Director
Approved by the board on 2 December 2025

L & D Williams Haulage Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	1,429		83,761		85,190
	Additions	196		-		196
	At 31 March 2025	1,625		83,761		85,386

	Depreciation
	At 1 April 2024	1,029		43,625		44,654
	Charge for the year	76		20,940		21,016
	At 31 March 2025	1,105		64,565		65,670

	Net book value
	At 31 March 2025	520		19,196		19,716
	At 31 March 2024	400		40,136		40,536


4	Debtors			2025		2024
£					£

	Trade debtors			-		10,242
	Other debtors			17,689		17,689
				17,689		27,931


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			3,748		3,388
	Corporation tax			4,785		6,197
	Directors current account			43,898		47,661
	Other taxes and social security costs			(1,061)		2,806
				51,370		60,052


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			33,921		47,982
	Other creditors			17,110		17,110
				51,031		65,092


7	Other information

	L & D Williams Haulage Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	8 Gartons Lane
	Clockface
	St Helens
	Merseyside
	WA9 4QX