REGISTERED NUMBER: 06943638 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JANUARY 2024 TO 30TH JUNE 2025

FOR

MAINLINE HAULAGE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G P A Aiken

R Bampton-Aiken

SECRETARY:

Mrs W A Aiken

REGISTERED OFFICE:

Neachells Park

Neachells Lane

Willenhall

West Midlands

WV13 3RR

REGISTERED NUMBER:

06943638 (England and Wales)

ACCOUNTANTS:

Howards Limited

Chartered Certified Accountants

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

FIXED ASSETS

Tangible assets

5

1,544,414

1,041,363

CURRENT ASSETS

Stocks

18,454

37,217

Debtors

6

3,575,949

2,752,744

Prepayments and accrued income

164,273

446,119

Cash at bank and in hand

371,355

1,232,531

4,130,031

4,468,611

CREDITORS

Amounts falling due within one year

7

909,621

383,198

NET CURRENT ASSETS

3,220,410

4,085,413

TOTAL ASSETS LESS CURRENT LIABILITIES

4,764,824

5,126,776

CREDITORS

Amounts falling due after more than one year

8

(309,887

)

-

PROVISIONS FOR LIABILITIES

-

(220,086

)

ACCRUALS AND DEFERRED INCOME

(9,564

)

(61,052

)

NET ASSETS

4,445,373

4,845,638

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

4,445,371

4,845,636

4,445,373

4,845,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 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 26th June 2026 and were signed on its behalf by:

G P A Aiken - Director

1.	STATUTORY INFORMATION

Mainline Haulage Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06943638 and the registered office address is Neachells Park, Neachells Lane, Willenhall, West Midlands, WV13 3RR.

The principal activity of the company is that of providing haulage services.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Functional currency

The financial statements are prepared in sterling (£). The functional currency of the company is sterling (£).

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company. It may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, stock, tangible fixed assets and provisions are its critical accounting policies.

Turnover

Turnover represents the value of goods and services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partly completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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

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 accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 46 (2023 - 40 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

247,596

59,803

3,839,699

39,091

4,186,189

Additions

214,365

14,783

743,222

2,315

974,685

Disposals

(28,964

)

-

(717,006

)

-

(745,970

)

At 30th June 2025

432,997

74,586

3,865,915

41,406

4,414,904

DEPRECIATION

At 1st January 2024

174,671

44,445

2,912,679

13,031

3,144,826

Charge for period

48,968

5,954

332,616

20,199

407,737

Eliminated on disposal

(23,044

)

-

(659,029

)

-

(682,073

)

At 30th June 2025

200,595

50,399

2,586,266

33,230

2,870,490

NET BOOK VALUE

At 30th June 2025

232,402

24,187

1,279,649

8,176

1,544,414

At 31st December 2023

72,925

15,358

927,020

26,060

1,041,363

Included within the net book value of £1,544,414 is £479,137 (2023 - £nil) relating to assets under hire purchase agreements. The depreciation charged to the income statement in the period in respect of such assets amounted to £96,805 (2023 - £nil).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

As restated

£

£

Trade debtors

714,025

732,295

Amounts owed by group undertakings

605,993

605,993

Other debtors

2,255,931

1,414,456

3,575,949

2,752,744

Included within other debtors are amounts that are being held on trust for the company by W A Aiken, these total £2,152,288.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

As restated

£

£

Hire purchase contracts

114,882

-

Trade creditors

194,474

98,508

Amounts owed to group undertakings

402,250

42,750

Taxation and social security

156,165

194,298

Other creditors

41,850

47,642

909,621

383,198

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

As restated

£

£

Hire purchase contracts

309,887

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2023

As restated

£

£

Hire purchase contracts

424,769

-

The hire purchase liabilities are secured against the assets to which they relate.

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Mainline Group Limited, registered number 15087714. The registered office of the company is at Neachells Park, Neachells Lane, Willenhall, WV13 3RR.

11.	PRIOR YEAR ADJUSTMENT

The amendment to the comparative figures relates to advice that the company has received that certain distributions to shareholders were not made in accordance with Companies Act 2006 requirements and are therefore repayable to the company. With the relevant sums currently held by the shareholders on trust for the company.

These amounts are held by W A Aiken and are disclosed within other debtors.