General Information
HAPS SERVICE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14652016, registration address Regus 84 Salop Street, Floor 3 And 4, Wolverhampton, West Midlands, WV3 0SR.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Going concern basis
The directors have considered the company's financial position, including its current and future financial obligations, available financing facilities and expected cash flows. The directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future and to meet its liabilities as they fall due. Accordingly, the financial statements have been prepared on a going concern basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
The revenue from company's operations comprise: Income generated from the provision of road haulage and transportation services within the United Kingdom, including but not limited to freight deliveries, contract transport services, and associated logistical support. Revenue is recognised upon completion of the delivery service or over the term of the contract where applicable.
Finance lease and hire purchase charges
Assets acquired under finance leases and hire purchase contracts are recognised as assets of the company at the commencement of the lease or agreement at the lower of the fair value of the asset and the present value of the minimum lease payments. A corresponding liability is recognised for the amount payable under the agreement.
The assets are depreciated over their estimated useful economic lives. Finance charges are recognised in profit or loss over the period of the agreement using the effective interest method.
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of assets, less their estimated residual value, over their expected useful economic lives.
| Plant and Machinery |
15 % Reducing Balance
|
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2025 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Total |
| |
£ |
|
£ |
| At 01 March 2025 |
144,750 |
|
144,750 |
| Additions |
52,250 |
|
52,250 |
| Disposals |
- |
|
- |
| At 28 February 2026 |
197,000 |
|
197,000 |
| Depreciation |
| At 01 March 2025 |
14,538 |
|
14,538 |
| Charge for year |
21,241 |
|
21,241 |
| On disposals |
- |
|
- |
| At 28 February 2026 |
35,779 |
|
35,779 |
| Net book values |
| Closing balance as at 28 February 2026 |
161,221 |
|
161,221 |
| Opening balance as at 01 March 2025 |
130,212 |
|
130,212 |
|
| 4. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Debtors |
1,800 |
|
22,491 |
| Prepayments & Accrued Income |
1,782 |
|
604 |
| VAT |
1,237 |
|
0 |
|
4,819 |
|
23,095 |
|
| 5. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Creditors |
1,034 |
|
3,337 |
| PAYE & Social Security |
1,331 |
|
737 |
| Pension Payable |
0 |
|
76 |
| Wages & Salaries Control Account |
5,034 |
|
0 |
| Other Creditors |
21,873 |
|
19,591 |
| Directors' Current Account |
41,688 |
|
1,112 |
| VAT |
0 |
|
7,815 |
|
70,960 |
|
32,668 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2026
£ |
|
2025
£ |
| Other Creditors |
25,739 |
|
47,612 |
|
25,739 |
|
47,612 |
|
| 7. |
Share Capital
Authorised
1 Class A share of £1.00 each
Allotted, called up and fully paid
|
2026
£ |
|
2025
£ |
|
1
Class A share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
3
|