REGISTERED NUMBER: 05403871 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RICHARDSON HAULAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms T Bailey

SECRETARY:

Ms T Bailey

REGISTERED OFFICE:

8 Long Pastures

Glemsford

Sudbury

Suffolk

CO10 7SS

REGISTERED NUMBER:

05403871 (England and Wales)

ACCOUNTANT:

JDS Accounting

& Tax Services Ltd

8 Long Pastures

Glemsford

Sudbury

Suffolk

CO10 7SS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,254,733

1,218,598

1,254,733

1,218,598

CURRENT ASSETS

Stocks

-

1,635

Debtors

6

1,371,514

1,401,580

Prepayments and accrued income

17,594

16,586

Cash at bank

2,175,430

1,890,120

3,564,538

3,309,921

CREDITORS

Amounts falling due within one year

7

360,117

317,194

NET CURRENT ASSETS

3,204,421

2,992,727

TOTAL ASSETS LESS CURRENT LIABILITIES

4,459,154

4,211,325

PROVISIONS FOR LIABILITIES

(313,683

)

(304,650

)

ACCRUALS AND DEFERRED INCOME

(15,722

)

(14,601

)

NET ASSETS

4,129,749

3,892,074

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

4,128,749

3,891,074

SHAREHOLDERS' FUNDS

4,129,749

3,892,074

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 director acknowledges her 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 14 November 2025 and were signed by:

Ms T Bailey - Director

1.	STATUTORY INFORMATION

Richardson Haulage 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.

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods and aggregates is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the provision of haulage services are recognised on completion of the individual job.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 10 years. Provision is made for any impairment.

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.

Plant and machinery etc

-

30% on reducing balance, 25% on Reducing balance, 1 year straight line and Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at

each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a

result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

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.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions payable to the company's pension scheme are charged to the profit and loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

32,500

AMORTISATION

At 1 April 2024

and 31 March 2025

32,500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

2,409,899

Additions

475,933

Disposals

(555,742

)

At 31 March 2025

2,330,090

DEPRECIATION

At 1 April 2024

1,191,301

Charge for year

358,151

Eliminated on disposal

(474,095

)

At 31 March 2025

1,075,357

NET BOOK VALUE

At 31 March 2025

1,254,733

At 31 March 2024

1,218,598

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

566,565

665,576

Amounts owed by group undertakings

469,026

486,004

Other debtors

250,000

250,000

1,285,591

1,401,580

31.3.25

31.3.24

£

£

Amounts falling due after more than one year:

Other debtors

85,923

-

Aggregate amounts

1,371,514

1,401,580

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Payments on account

103

103

Trade creditors

174,616

192,802

Taxation and social security

181,769

121,183

Other creditors

3,629

3,106

360,117

317,194

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme, the assets of which are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £3,628 (2024 £3,106) were due to the fund. They are included within other creditors.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the financial period an unsecured, interest free loan of £250,000 was provided to a director, for which no repayment terms had been agreed. As at the year end the amount outstanding was £250,000 (2024 £250,000).

11.	RELATED PARTY DISCLOSURES

During the period the company re-charged other group companies, at cost, £142,548 (2024 £330,945), for the cost of goods which it had incurred on behalf of that company. It also sold goods and services under normal under normal trade terms. As at the year end the amount owed by the group companies was £18,067 (2024 £19,609).

During the period the company was charged by other group companies, at cost, £645 (2024 £Nil), for the cost of goods which they had purchased on behalf of that company. It also purchased goods and services under normal under normal trade terms. As at the year end the amount owed to the group companies was £39,805 (2024 £28,943).

During the year the company surrendered Corporation Tax losses of £9,645 (2024 £15,824) to other group companies. As at the year end the company was owed £469,026 (2024 £486,004) in respect of unsecured working capital loans to other group companies, which were provided on an interest free basis for which no repayment terms have been agreed.

The ultimate parent company is Richardson Haulage Group Limited, who registered office is 8 Long Pastures, Glemsford, Sudbury, Suffolk, CO10 7SS.