Company registration number 03732550 (England and Wales)
H & N BOUNDS TRANSPORT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
H & N BOUNDS TRANSPORT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
H & N BOUNDS TRANSPORT LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
294,132
205,258
Current assets
Stocks
34,500
29,881
Debtors
4
265,307
342,967
Cash at bank and in hand
61,717
1
361,524
372,849
Creditors: amounts falling due within one year
5
(508,361)
(420,746)
Net current liabilities
(146,837)
(47,897)
Total assets less current liabilities
147,295
157,361
Creditors: amounts falling due after more than one year
6
(20,000)
-
0
Provisions for liabilities
(25,588)
(38,360)
Net assets
101,707
119,001
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
101,697
118,991
Total equity
101,707
119,001
H & N BOUNDS TRANSPORT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 June 2026 and are signed on its behalf by:
Mr R Bounds
Mr N Bounds
Director
Director
Company registration number 03732550 (England and Wales)
H & N BOUNDS TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

H & N Bounds Transport Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bounds Transport Yard, Tidenham Chase, Chepstow, NP16 7JW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue
Turnover represents amounts receivable for goods and services net of VAT.Turnover is recognised on the accruals basis when haulage journeys are performed.
1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
10% straight line basis
Plant and machinery
15% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

H & N BOUNDS TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

H & N BOUNDS TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
1.9
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

H & N BOUNDS TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -
1.13
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
14
14
3
Tangible fixed assets
Land and buildings Leasehold
Plant and machinery
Total
£
£
£
Cost
At 1 April 2025
105,332
729,901
835,233
Additions
-
0
130,500
130,500
At 31 March 2026
105,332
860,401
965,733
Depreciation and impairment
At 1 April 2025
105,332
524,643
629,975
Depreciation charged in the year
-
0
41,626
41,626
At 31 March 2026
105,332
566,269
671,601
Carrying amount
At 31 March 2026
-
0
294,132
294,132
At 31 March 2025
-
0
205,258
205,258
H & N BOUNDS TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
225,701
297,082
Other debtors
39,606
45,885
265,307
342,967
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
-
0
1,907
Trade creditors
157,427
91,124
Taxation and social security
18,313
45,419
Other creditors
332,621
282,296
508,361
420,746
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
20,000
-
0
7
Directors' transactions

Creditors at 31 March 202 6 includes unsecured interest-free amounts payable on demand by the company to Mr N Bounds (director) of £117,409 (202 5 - £77,409) and to Mr R Bounds (director) of £184,7 24 (202 5 - £200,724). The directors have given personal guarantees for the company's bank overdraft. The company has rent free occupation of Bounds Transport Yard which premises is owned by Mr R Bounds.

2026-03-31 2025-04-01 false false false 08 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr R Bounds Mr N Bounds Mr R Bounds 03732550 2025-04-01 2026-03-31 03732550 2026-03-31 03732550 2025-03-31 03732550 core:LandBuildings core:LongLeaseholdAssets 2026-03-31 03732550 core:PlantMachinery 2026-03-31 03732550 core:LandBuildings 2025-03-31 03732550 core:PlantMachinery 2025-03-31 03732550 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 03732550 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 03732550 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 03732550 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 03732550 core:CurrentFinancialInstruments 2026-03-31 03732550 core:CurrentFinancialInstruments 2025-03-31 03732550 core:ShareCapital 2026-03-31 03732550 core:ShareCapital 2025-03-31 03732550 core:RetainedEarningsAccumulatedLosses 2026-03-31 03732550 core:RetainedEarningsAccumulatedLosses 2025-03-31 03732550 bus:CompanySecretaryDirector1 2025-04-01 2026-03-31 03732550 bus:Director1 2025-04-01 2026-03-31 03732550 core:LandBuildings core:LongLeaseholdAssets 2025-04-01 2026-03-31 03732550 core:PlantMachinery 2025-04-01 2026-03-31 03732550 2024-04-01 2025-03-31 03732550 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-03-31 03732550 core:PlantMachinery 2025-03-31 03732550 2025-03-31 03732550 core:LandBuildings core:LeasedAssetsHeldAsLessee 2026-03-31 03732550 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-04-01 2026-03-31 03732550 core:Non-currentFinancialInstruments 2026-03-31 03732550 core:Non-currentFinancialInstruments 2025-03-31 03732550 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 03732550 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 03732550 bus:FRS102 2025-04-01 2026-03-31 03732550 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 03732550 bus:Director2 2025-04-01 2026-03-31 03732550 bus:CompanySecretary1 2025-04-01 2026-03-31 03732550 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP