REGISTERED NUMBER: 04070517 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Hutchinson Transport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J J Hutchinson

N J Hutchinson

REGISTERED OFFICE:

Fleming Road

Skippers Lane Industrial Estate

Middlesbrough

TS6 6TT

REGISTERED NUMBER:

04070517 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

1,526,496

1,783,578

CURRENT ASSETS

Debtors

5

1,153,157

1,372,022

Cash at bank

616,388

307,170

1,769,545

1,679,192

CREDITORS

Amounts falling due within one year

6

765,814

711,423

NET CURRENT ASSETS

1,003,731

967,769

TOTAL ASSETS LESS CURRENT LIABILITIES

2,530,227

2,751,347

CREDITORS

Amounts falling due after more than one year

7

(399,805

)

(561,583

)

PROVISIONS FOR LIABILITIES

(178,000

)

(237,000

)

NET ASSETS

1,952,422

1,952,764

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

1,952,420

1,952,762

SHAREHOLDERS' FUNDS

1,952,422

1,952,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 30 September 2026 and were signed on its behalf by:

R J J Hutchinson - Director

1.	STATUTORY INFORMATION

Hutchinson Transport Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and shown net of VAT and other sales related taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Long leasehold

-

over the period of the lease

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Tank and trailer equipment

-

10% on cost and 5% on cost

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 payable and receivable under operating leases are charged to the profit and 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.

Debtors and creditors receivable/payable

Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortized cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2025 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 April 2025

716,252

283,352

211,099

Additions

-

-

-

Disposals

-

-

-

At 31 March 2026

716,252

283,352

211,099

DEPRECIATION

At 1 April 2025

142,097

7,084

158,643

Charge for year

14,325

5,667

14,280

Eliminated on disposal

-

-

-

At 31 March 2026

156,422

12,751

172,923

NET BOOK VALUE

At 31 March 2026

559,830

270,601

38,176

At 31 March 2025

574,155

276,268

52,456

Fixtures

Tank and

and

Motor

trailer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

177,519

1,595,182

935,517

3,918,921

Additions

-

-

11,001

11,001

Disposals

-

(300,725

)

(28,972

)

(329,697

)

At 31 March 2026

177,519

1,294,457

917,546

3,600,225

DEPRECIATION

At 1 April 2025

160,844

1,037,422

629,253

2,135,343

Charge for year

4,701

142,811

53,182

234,966

Eliminated on disposal

-

(284,522

)

(12,058

)

(296,580

)

At 31 March 2026

165,545

895,711

670,377

2,073,729

NET BOOK VALUE

At 31 March 2026

11,974

398,746

247,169

1,526,496

At 31 March 2025

16,675

557,760

306,264

1,783,578

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Tank and

Motor

trailer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

607,026

238,463

845,489

Transfer to ownership

(33,950

)

(18,950

)

(52,900

)

At 31 March 2026

573,076

219,513

792,589

DEPRECIATION

At 1 April 2025

107,545

39,813

147,358

Charge for year

80,265

22,043

102,308

Transfer to ownership

(13,446

)

(3,000

)

(16,446

)

At 31 March 2026

174,364

58,856

233,220

NET BOOK VALUE

At 31 March 2026

398,712

160,657

559,369

At 31 March 2025

499,481

198,650

698,131

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

924,932

790,538

Other debtors

228,225

581,484

1,153,157

1,372,022

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

12,500

17,777

Hire purchase contracts and finance leases (see note 8)

145,948

177,158

Trade creditors

272,199

257,641

Taxation and social security

145,717

75,872

Other creditors

189,450

182,975

765,814

711,423

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

59,804

72,827

Hire purchase contracts and finance leases (see note 8)

340,001

488,756

399,805

561,583

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

9,804

22,827

Finance leases

152,817

153,357

162,621

176,184

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

2026

2025

2026

2025

£

£

£

£

Net obligations repayable:

Within one year

145,541

176,779

407

379

Between one and five years

185,235

333,583

1,949

1,816

In more than five years

-

-

152,817

153,357

330,776

510,362

155,173

155,552

Non-cancellable

operating leases

2026

2025

£

£

Within one year

82,299

78,160

Between one and five years

174,322

244,893

256,621

323,053

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

72,304

90,604

Hire purchase contracts and finance leases

485,949

665,914

558,253

756,518

The above overdraft facility is secured by a debenture over the assets of the company. Hire purchase liabilities & bank loans are secured on the assets which they were used to purchase.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors are the following loans to directors:

At 1 April 2025

Amount advanced

Amount repaid

At 31 March 2026

£

£

£

£

Director 1

153,604

200

(153,596

)

208

Director 2

153,603

200

(153,596

)

207

Total

307,207

400

(307,192

)

415

The above loan is unsecured, interest free and repayable on demand.