REGISTERED NUMBER: 03766671 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

VINCENTS HAULAGE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Vincent

J A Vincent

N Vincent

SECRETARY:

A Vincent

REGISTERED OFFICE:

22 Foxtail Meadow

Standish

Wigan

Lancashire

WN6 0ZJ

REGISTERED NUMBER:

03766671 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

1,095,319

950,259

Investments

5

89,000

89,000

1,184,319

1,039,259

CURRENT ASSETS

Debtors

6

639,513

568,901

Cash at bank

341,328

283,474

980,841

852,375

CREDITORS

Amounts falling due within one year

7

379,130

374,788

NET CURRENT ASSETS

601,711

477,587

TOTAL ASSETS LESS CURRENT LIABILITIES

1,786,030

1,516,846

CREDITORS

Amounts falling due after more than one year

8

(387,199

)

(352,233

)

PROVISIONS FOR LIABILITIES

10

(268,448

)

(237,500

)

NET ASSETS

1,130,383

927,113

CAPITAL AND RESERVES

Called up share capital

99

99

Non distributable reserves

11

46,982

46,982

Retained earnings

11

1,083,302

880,032

SHAREHOLDERS' FUNDS

1,130,383

927,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 28 November 2025 and were signed on its behalf by:

J A Vincent - Director

1.	STATUTORY INFORMATION

Vincents Haulage 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services provided, excluding discounts, rebates, Value Added Tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are included at cost or valuation less depreciation and impairment.

Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

straight line over 3 years

Impairment of assets

At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Financial instruments

Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Taxation

Taxation for the year 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 year 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.

Short term employee benefits

Short-term employee benefits are recognised as an expense in the period in which they are incurred.

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the income statement.

Fixed asset investments

Investments in shares are included at fair value. Gains are recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

2,008,629

Additions

510,281

Disposals

(371,080

)

At 31 July 2025

2,147,830

DEPRECIATION

At 1 August 2024

1,058,370

Charge for year

277,834

Eliminated on disposal

(283,693

)

At 31 July 2025

1,052,511

NET BOOK VALUE

At 31 July 2025

1,095,319

At 31 July 2024

950,259

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 August 2024

and 31 July 2025

89,000

NET BOOK VALUE

At 31 July 2025

89,000

At 31 July 2024

89,000

Cost or valuation at 31 July 2025 is represented by:

Other

investments

£

Valuation in 2017

21,795

Valuation in 2018

3,389

Valuation in 2019

798

Valuation in 2020

(2,949

)

Valuation in 2021

14,628

Valuation in 2022

264

Valuation in 2023

502

Valuation in 2024

10,573

Cost

40,000

89,000

Fixed asset investments were valued on an open market basis on 30 April 2025 by Natwest Investment Managers .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

491,418

459,394

Amounts owed by group undertakings

139,120

95,120

Other debtors

8,975

14,387

639,513

568,901

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,325

10,648

Hire purchase contracts

138,176

145,780

Trade creditors

29,375

23,978

Taxation and social security

123,468

120,019

Other creditors

76,786

74,363

379,130

374,788

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

10,877

Hire purchase contracts

387,199

341,356

387,199

352,233

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

525,375

487,136

Hire purchase liabilities are secured on the assets concerned.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

268,448

237,500

Deferred

tax

£

Balance at 1 August 2024

237,500

Provided during year

30,948

Balance at 31 July 2025

268,448

11.

RESERVES

Non

Retained

distributable

earnings

reserves

Totals

£

£

£

At 1 August 2024

880,032

46,982

927,014

Profit for the year

209,270

209,270

Dividends

(6,000

)

(6,000

)

At 31 July 2025

1,083,302

46,982

1,130,284

Non distributable reserves relate to the fair value gain of fixed asset investments.

12.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £18,000 (2024: £18,000).

13.	RELATED PARTY DISCLOSURES

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.