Company No: 04093743 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	538,471		646,990
		538,471		646,990
Current assets
Stocks		23,402		22,316
Debtors	4	286,163		274,704
Cash at bank and in hand		212,747		121,880
		522,312		418,900
Creditors: amounts falling due within one year	5	( 622,046)		( 616,606)
Net current liabilities		(99,734)		(197,706)
Total assets less current liabilities		438,737		449,284
Creditors: amounts falling due after more than one year	6	( 191,654)		( 234,231)
Provision for liabilities		( 80,000)		( 107,500)
Net assets		167,083		107,553
Capital and reserves
Called-up share capital	7	2		2
Profit and loss account		167,081		107,551
Total shareholder's funds		167,083		107,553

For the financial year ending 31 March 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 financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Ottervale Haulage Limited (registered number: 04093743) were approved and authorised for issue by the Board of Directors on 12 December 2025. They were signed on its behalf by:

R C Wickham Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ottervale Haulage Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.
The address of the Company's registered office is
Centenary House Peninsula Park
Rydon Lane
Exeter
Devon
EX2 7XE

The principal place of business is:
Greendale Business Park
Woodbury Salterton
Exeter
Devon
EX5 1EW

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	5 years straight line
Fixtures and fittings	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	12		17

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 April 2024	109,413		1,748,063		74,455		1,931,931
Additions	0		186,340		0		186,340
Disposals	0		( 183,785)		( 3,620)		( 187,405)
At 31 March 2025	109,413		1,750,618		70,835		1,930,866
Accumulated depreciation
At 01 April 2024	67,948		1,207,781		9,212		1,284,941
Charge for the financial year	16,020		228,522		3,680		248,222
Disposals	0		( 137,148)		( 3,620)		( 140,768)
At 31 March 2025	83,968		1,299,155		9,272		1,392,395
Net book value
At 31 March 2025	25,445		451,463		61,563		538,471
At 31 March 2024	41,465		540,282		65,243		646,990

4. Debtors

	2025		2024
	£		£
Trade debtors	258,914		246,394
Prepayments	27,249		28,310
	286,163		274,704

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	95,288		117,595
Amounts owed to Group undertakings	186,419		120,681
Amounts owed to directors	87,863		96,000
Accruals	9,103		10,536
Taxation and social security	98,462		134,927
Obligations under finance leases and hire purchase contracts (secured)	137,026		129,029
Other creditors	7,885		7,838
	622,046		616,606

The hire purchase contracts are secured over the respective assets to which they relate.

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

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	191,654		234,231

The hire purchase contracts are secured over the respective assets to which they relate.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	34,800		34,800
between one and five years	18,000		55,200
Total future minimum lease payments under non-cancellable operating leases	52,800		90,000

9. Ultimate controlling party

Parent Company:

Jetset Limited

Centenary House Peninsula Park, Rydon Lane, Exeter, United Kingdom, EX2 7XE

The company is under the control of Mr and Mrs Wickham by virtue of their shareholding.