Company Registration No. 06775135 (England and Wales)
Milestone Haulage Ltd
Unaudited accounts
for the year ended 31 March 2025
Milestone Haulage Ltd
Unaudited accounts
Contents
Milestone Haulage Ltd
Company Information
for the year ended 31 March 2025
Company Number
06775135 (England and Wales)
Registered Office
THE SPINNEY ASTLEY LANE
ASTLEY
NUNEATON
WARWICKSHIRE
CV10 7PU
Accountants
P J Buffrey Ltd
17 Greens Road
Keresley
Coventry
West Midlands
CV6 2FJ
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Milestone Haulage Ltd
for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Milestone Haulage Ltd for the year ended
31 March 2025 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Milestone Haulage Ltd, as a body, in accordance with the terms of our engagement letter dated 30 September 0224. Our work has been undertaken solely to prepare for your approval the accounts of Milestone Haulage Ltd and state those matters that we have agreed to state to the Board of Directors of Milestone Haulage Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Milestone Haulage Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Milestone Haulage Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Milestone Haulage Ltd. You consider that Milestone Haulage Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Milestone Haulage Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
P J Buffrey Ltd
Chartered Certified Accountants
17 Greens Road
Keresley
Coventry
West Midlands
CV6 2FJ
29 December 2025
Milestone Haulage Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
501,901
604,561
Cash at bank and in hand
940,787
930,148
Creditors: amounts falling due within one year
(370,293)
(577,814)
Net current assets
769,851
751,174
Total assets less current liabilities
1,271,752
1,355,735
Provisions for liabilities
Deferred tax
(125,475)
(151,140)
Net assets
1,146,277
1,204,595
Called up share capital
1
1
Profit and loss account
1,146,276
1,204,594
Shareholders' funds
1,146,277
1,204,595
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 December 2025 and were signed on its behalf by
R De Mulder
Director
Company Registration No. 06775135
Milestone Haulage Ltd
Notes to the Accounts
for the year ended 31 March 2025
Milestone Haulage Ltd is a private company, limited by shares, registered in England and Wales, registration number 06775135. The registered office is THE SPINNEY ASTLEY LANE, ASTLEY, NUNEATON, WARWICKSHIRE, CV10 7PU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over 5 years
Fixtures & fittings
Over 4 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Milestone Haulage Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Total
At 31 March 2025
1,158,013
Charge for the year
127,188
5
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
40,000
Later than one year and not later than five years
-
160,000
6
Transactions with related parties
During the year Milestone Haulage Ltd received charges of £760,000 (2024: £687,227) from Milestone Holdings Ltd for services, a company in which R Demulder has an interest.
During the year Milestone Haulage Ltd made charges of £12,095 (2024: £50,478) to Milestone Holdings Ltd for goods and services, a company in which R Demulder has an interest.
At 31st March 2025 a net figure of £3,148 (2024: £242,183) was owed to Milestone Holdings Ltd.
During the year Milestone Haulage Ltd paid dividends of £20,000 (2024: £20,000) to R Demulder, a director of the company.
During the year the company paid rent of £40,000 (2024: £40,000) to
R De Mulder.
Milestone Haulage Ltd
Notes to the Accounts
for the year ended 31 March 2025
R De Mulder controls the Company by way of her 100% shareholding.
8
Average number of employees
During the year the average number of employees was 11 (2024: 11).