P & T Woodruff Haulage Ltd - Filleted accounts

Registered number

08741798

P & T Woodruff Haulage Ltd

Filleted Accounts

31 March 2026

P & T Woodruff Haulage Ltd
Registered number:		08741798
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		264,788			267,931

Current assets
Debtors	4	743			774
Cash at bank and in hand		-			3,487
		743			4,261

Creditors: amounts falling due within one year	5	(145,279)			(120,710)

Net current liabilities			(144,536)			(116,449)

Total assets less current liabilities			120,252			151,482

Creditors: amounts falling due after more than one year	6		(96,254)			(108,688)

Provisions for liabilities			(2,615)			(3,202)


Net assets			21,383			39,592

Capital and reserves
Called up share capital			1			1
Profit and loss account			21,382			39,591

Shareholder's funds			21,383			39,592

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr T Woodruff
Director
Approved by the board on 10 July 2026

P & T Woodruff Haulage Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicle			20% reducing balance
	Fixtures, fittings, tools and equipment			20% reducing balance



	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Land and buildings		Fixtures, fittings and equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	252,214		48,134		2,250		302,598
	At 31 March 2026	252,214		48,134		2,250		302,598

	Depreciation
	At 1 April 2025	-		32,890		1,777		34,667
	Charge for the year	-		3,048		95		3,143
	At 31 March 2026	-		35,938		1,872		37,810

	Net book value
	At 31 March 2026	252,214		12,196		378		264,788
	At 31 March 2025	252,214		15,244		473		267,931
	Freehold land and buildings included at cost based on director valuation. This is considered an appropriate assessment of the market value of the property at the 31 March 2026.


4	Debtors					2026		2025
£							£

	Other debtors					743		774


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					12,460		15,533
	Taxation and social security costs					1,958		3,423
	Other creditors					130,861		101,754
						145,279		120,710


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					96,254		108,688


7	Related party transactions

	Included within other creditors is a balance of £129,871 (2024: £99,201) due to the director. The balance is interest free, unsecured and has no set repayment terms.


8	Other information

	P & T Woodruff Haulage Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	31 Maes Y Siglen
	Caerphilly
	CF83 2RT