REGISTERED NUMBER: SC275306 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RICHARD HEALEY REMOVALS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G Berry

R Healey Jnr

R Healey (Snr)

SECRETARY:

Mrs G Berry

REGISTERED OFFICE:

Arran House

15D Skye Road

Prestwick

KA9 2TA

REGISTERED NUMBER:

SC275306 (Scotland)

ACCOUNTANTS:

Robert J Hart & Company

Chartered Accountants

Arran House

15D Skye Road

Prestwick

Ayrshire

KA9 2TA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

671,931

449,024

671,931

449,024

CURRENT ASSETS

Stocks

75,949

60,177

Debtors

6

369,641

355,267

Cash at bank and in hand

135,557

139,845

581,147

555,289

CREDITORS

Amounts falling due within one year

7

531,305

480,326

NET CURRENT ASSETS

49,842

74,963

TOTAL ASSETS LESS CURRENT LIABILITIES

721,773

523,987

CREDITORS

Amounts falling due after more than one year

8

288,113

152,433

NET ASSETS

433,660

371,554

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

433,560

371,454

433,660

371,554

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 17 December 2025 and were signed on its behalf by:

Mrs G Berry - Director

1.	STATUTORY INFORMATION

Richard Healey Removals Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of eight years.

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.

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.

Improvements to property

-

20% on cost and 10% on cost

Plant and machinery

-

33% on cost and 20% on reducing balance

Storage & packaging

-

33% on cost

Motor vehicles

-

25% on cost and over the term of the lease

Stocks

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

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.

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.

Hire purchase and leasing

Assets obtained under hire purchase agreements are capitalised in the balance sheet and depreciated over their estimated useful lives.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

and 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,287,229

Additions

373,858

Disposals

(63,990

)

At 31 March 2025

1,597,097

DEPRECIATION

At 1 April 2024

838,205

Charge for year

142,419

Eliminated on disposal

(55,458

)

At 31 March 2025

925,166

NET BOOK VALUE

At 31 March 2025

671,931

At 31 March 2024

449,024

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

355,980

Additions

368,020

Disposals

(63,990

)

At 31 March 2025

660,010

DEPRECIATION

At 1 April 2024

118,849

Charge for year

97,011

Eliminated on disposal

(55,458

)

At 31 March 2025

160,402

NET BOOK VALUE

At 31 March 2025

499,608

At 31 March 2024

237,131

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

242,191

220,469

Amounts owed by group undertakings

55,600

55,600

Other debtors

71,850

79,198

369,641

355,267

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts (see note 9)

143,994

74,560

Trade creditors

106,670

101,856

Taxation and social security

76,584

81,446

Other creditors

194,057

212,464

531,305

480,326

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,667

11,667

Hire purchase contracts (see note 9)

286,446

140,766

288,113

152,433

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

143,994

74,560

Between one and five years

286,446

140,766

430,440

215,326

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

-

1,453

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

430,440

215,326

Hire purchase creditors are secured over the specific assets financed.

11.	RELATED PARTY DISCLOSURES

Debtors includes a loan to the holding company of £55,600 (2024: 55,600). This loan is interest free with no fixed repayment terms.

Creditors include loans from directors of £151,494 (2024: £152,609) and from a partnership under the control of the directors of £30,000 (2024: £30,000). These are interest free with no fixed repayment terms.