| REGISTERED NUMBER: |
| JOHN RUSSELL & SONS (HAULAGE) LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| REGISTERED NUMBER: |
| JOHN RUSSELL & SONS (HAULAGE) LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| JOHN RUSSELL & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 04729315) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 30 June 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| JOHN RUSSELL & SONS (HAULAGE) LIMITED |
| COMPANY INFORMATION |
| for the year ended 30 June 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 100 Boldmere Road |
| Sutton Coldfield |
| West Midlands |
| B73 5UB |
| JOHN RUSSELL & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 04729315) |
| BALANCE SHEET |
| 30 June 2025 |
| 30/6/25 | 30/6/24 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| JOHN RUSSELL & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 04729315) |
| BALANCE SHEET - continued |
| 30 June 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| JOHN RUSSELL & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 04729315) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 30 June 2025 |
| 1. | STATUTORY INFORMATION |
| John Russell & Sons (Haulage) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| As at 30 June 2024, the balance sheet reflects net current liabilities amounting to £27,098. Included within creditors due within one year is amounts due to the directors of £88,939. The directors have given their assurances that they will not request repayment of these amounts until other creditors have been settled. The directors are of the opinion that the company will have sufficient future trade to be enable it to continue to operate for the foreseeable future, and are optimistic that they will be able to meet creditors as they fall due. As such the directors consider the going concern basis of preparation appropriate. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: |
| Sale of goods |
| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
| Rendering of services |
| Turnover from haulage services is recognised in the income statement in the period to which it relates. |
| Rents receivable |
| Rental income is recognised in the income statement for the period in which it relates. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Plant and equipment | - 15% reducing balance |
| Motor vehicles | - 25% reducing balance |
| Computer equipment | - 33% on cost |
| Fixtures and fittings | - 15% reducing balance |
| Freehold land and buildings are reflected at fair value and are valued on an annual basis by the directors. |
| JOHN RUSSELL & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 04729315) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 June 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 and are depreciated over their estimated useful lives. |
| The interest element of these obligations is charged to the profit and loss account 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 account on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. |
| The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| JOHN RUSSELL & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 04729315) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 June 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 July 2024 |
| Additions |
| Disposals |
| At 30 June 2025 |
| DEPRECIATION |
| At 1 July 2024 |
| Charge for year |
| Eliminated on disposal |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 30 June 2024 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2025 |
| DEPRECIATION |
| At 1 July 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 30 June 2024 |
| Freehold property is stated at fair value as valued by the directors. |
| JOHN RUSSELL & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 04729315) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 June 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 July 2024 |
| and 30 June 2025 |
| DEPRECIATION |
| At 1 July 2024 |
| Charge for year |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 30 June 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/6/25 | 30/6/24 |
| £ | £ |
| Trade debtors |
| Sundry debtors and prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/6/25 | 30/6/24 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax payable |
| Social security & other taxes |
| VAT | 22,382 | 30,046 |
| Other creditors |
| Directors' loan accounts | 82,432 | 88,939 |
| Sundry creditors and accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30/6/25 | 30/6/24 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Hire purchase contracts |
| JOHN RUSSELL & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 04729315) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 June 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 30/6/25 | 30/6/24 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 11,231 | 46,446 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30/6/25 | 30/6/24 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 109,135 | 165,372 |
| Bank loans are secured by way of a legal charge over the freehold land and buildings. |
| The hire purchase contracts are secured over the asset to which the agreement relates. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30/6/25 | 30/6/24 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024: |
| 30/6/25 | 30/6/24 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| No interest is charged on loans from directors. Amounts are repayable on demand. |