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Registration number: 05249984

Pugh's Haulage Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 August 2025

Pugh's Haulage Ltd

Contents

Company Information | 1
Director's Report | 2
Accountants' Report | 3
Balance Sheet | 4
Notes to the Unaudited Financial Statements | 5 to 10

Pugh's Haulage Ltd

Company Information

Director | Mr Patrick John Pugh

Company secretary | Mrs Dawn Katharine Price

Registered office | 8 The Courtyard Goldsmith Way Eliot Business Park Nuneaton CV10 7RJ

Accountants | Pattinsons Business Services Ltd 8 The Courtyard Goldsmith Way Eliot Business Park Nuneaton CV10 7RJ

Pugh's Haulage Ltd

Director's Report for the Year Ended 31 August 2025

The director presents his report and the financial statements for the year ended 31 August 2025.

Director of the company

The director who held office during the year was as follows:

Mr Patrick John Pugh

Principal activity

The principal activity of the company is that of the provision of road transport services.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 26 December 2025 and signed on its behalf by:

.........................................
Mr Patrick John Pugh
Director

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Pugh's Haulage Ltd
for the Year Ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pugh's Haulage Ltd for the year ended 31 August 2025 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Pugh's Haulage Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pugh's Haulage Ltd and state those matters that we have agreed to state to the Board of Directors of Pugh's Haulage Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pugh's Haulage Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pugh's 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 profit of Pugh's Haulage Ltd. You consider that Pugh's 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 Pugh's 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.

......................................
Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

26 December 2025

Pugh's Haulage Ltd

(Registration number: 05249984)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 6 | 599,217 | 704,016
Current assets |  |  |
Debtors | 7 | 206,164 | 216,537
Cash at bank and in hand |  | 448,562 | 788,075
|  | 654,726 | 1,004,612
Creditors: Amounts falling due within one year | 8 | (174,272) | (76,462)
Net current assets |  | 480,454 | 928,150
Total assets less current liabilities |  | 1,079,671 | 1,632,166
Provisions for liabilities |  | (149,805) | (178,400)
Net assets |  | 929,866 | 1,453,766
Capital and reserves |  |  |
Called up share capital | 9 | 150 | 150
Retained earnings |  | 929,716 | 1,453,616
Shareholders' funds |  | 929,866 | 1,453,766

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 26 December 2025

......................................... Mr Patrick John Pugh Director

Pugh's Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

These financial statements were authorised for issue by the director on 26 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Pugh's Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 10% reducing balance
Motor vehicles | 15% & 25% reducing balance
Office equipment | 3 years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Pugh's Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3 | Staff numbers

The average number of persons employed by the company during the year, was 9 (2024 - 9).

4 | Profit before tax

Arrived at after charging/(crediting)

Pugh's Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

| 2025 £ | 2024 £
Depreciation expense | 62,747 | 115,061

5 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 September 2024 | 65,000 | 65,000
At 31 August 2025 | 65,000 | 65,000
Amortisation
At 1 September 2024 | 65,000 | 65,000
At 31 August 2025 | 65,000 | 65,000
Carrying amount
At 31 August 2025 | - | -

6 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 September 2024 | 7,344 | 1,067,330 | 92,776 | 1,167,450
Additions | - | 10,900 | - | 10,900
Disposals | - | (179,245) | (2,300) | (181,545)
At 31 August 2025 | 7,344 | 898,985 | 90,476 | 996,805
Depreciation
At 1 September 2024 | 6,536 | 419,280 | 37,618 | 463,434
Charge for the year | 644 | 56,717 | 5,386 | 62,747
Eliminated on disposal | - | (127,594) | (999) | (128,593)
At 31 August 2025 | 7,180 | 348,403 | 42,005 | 397,588
Carrying amount
At 31 August 2025 | 164 | 550,582 | 48,471 | 599,217
At 31 August 2024 | 808 | 539,512 | 163,696 | 704,016

Pugh's Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 167,407 | 179,845
Prepayments | 37,207 | 34,584
Other debtors | 1,550 | 2,108
| 206,164 | 216,537

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 27,636 | 9,671
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 10 | 4,666 | -
Taxation and social security |  | 138,249 | 60,636
Other creditors |  | 3,721 | 6,155
|  | 174,272 | 76,462

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 150 | 150 | 150 | 150

Pugh's Haulage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

10 | Related party transactions

Transactions with director

2025 | At 1 September 2024 £ | Advances to director £ | Repayments by director £ | At 31 August 2025 £
Loan to director | (599) | 36,000 | (35,401) | -

2024 | At 1 September 2023 £ | Advances to director £ | Repayments by director £ | At 31 August 2024 £
Loan to director | (3,408) | 36,121 | (33,312) | (599)

Interest has been charged at HMRC's beneficial loan interest rates on balances in excess of £10,000. The loan is repayable on demand.