HOWELL GROUP LIMITED

HOWELL GROUP LIMITED

THE HAULAGE GROUP LTD - Company Information

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HOWELL GROUP LIMITED

Company Registration Number:
04896945 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2020

Period of accounts

Start date: 01 June 2019

End date: 31 May 2020

HOWELL GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2020

Balance sheet
Notes

HOWELL GROUP LIMITED

Balance sheet

As at 31 May 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 4,183,529 2,441,884
Investments: 4 219,154 337,000
Total fixed assets: 4,402,683 2,778,884
Current assets
Debtors: 5 1,411,721 1,946,201
Cash at bank and in hand: 823,171 156,186
Total current assets: 2,234,892 2,102,387
Creditors: amounts falling due within one year: 6 (1,784,769) (1,641,933)
Net current assets (liabilities): 450,123 460,454
Total assets less current liabilities: 4,852,806 3,239,338
Creditors: amounts falling due after more than one year: 7 (1,763,072) (1,171,688)
Provision for liabilities: (425,000) (238,000)
Total net assets (liabilities): 2,664,734 1,829,650
Capital and reserves
Called up share capital: 640 640
Revaluation reserve:8311,000644,559
Profit and loss account: 2,353,094 1,184,451
Shareholders funds: 2,664,734 1,829,650

The notes form part of these financial statements

HOWELL GROUP LIMITED

Balance sheet statements

For the year ending 31 May 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 March 2021
and signed on behalf of the board by:

Name: Mr G M Johnston
Status: Director

The notes form part of these financial statements

HOWELL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

Costs in respect of equivalent new site developmentCosts are recognised as they are incurred. Where costs incurred are subject to a claim against athird party, the claim is only recognised when a liability by the third party to the company isaccepted and the claim is then set off against the costs incurred. Where costs are incurred whichenhance the site then these costs are recognised as part of the cost of the relevant asset.

HOWELL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

2. Employees

2020 2019
Average number of employees during the period 15 10

HOWELL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

3. Tangible Assets

Total
Cost £
At 01 June 2019 3,273,253
Additions 3,137,951
Disposals (2,039,978)
Revaluations 400,000
Transfers 125,000
At 31 May 2020 4,896,226
Depreciation
At 01 June 2019 831,369
Charge for year 431,198
On disposals (549,870)
At 31 May 2020 712,697
Net book value
At 31 May 2020 4,183,529
At 31 May 2019 2,441,884

The valuation of the freehold property was carried out by Vail Williams LLP in August 2020. It represents market value.

HOWELL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

4. Fixed investments

InvestmentsCostAt 1 June 2019 337,000Additions 7,154Reclassification (125,000)At 31 May 2020 219,154

HOWELL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

5. Debtors

2020 2019
££
Debtors due after more than one year: 820,190 820,190

Debtors due after more than one year comprises: amounts owed by group undertakings and undertakings in which the company has a participating interest (due in one year and one day).

HOWELL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

6. Creditors: amounts falling due within one year note

Bank loans and overdrafts 296,072 2019: 376,159Obligations under finance lease and hire purchase contracts 957,770 2019: 573,533Trade creditors 234,970 2019: 501,007Taxation and social security costs 234,972 2019: 129,975Other creditors 60,985 2019: 61,259 1,784,769 1,641,933

HOWELL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

7. Creditors: amounts falling due after more than one year note

Bank loans 1,274,702 2019: 596,145Obligations under finance lease and hire purchase contracts 488,370 2019: 575,543 1,763,072 1,171,688

HOWELL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

8. Revaluation reserve

2020
£
Balance at 01 June 2019 644,559
Surplus or deficit after revaluation (333,559)
Balance at 31 May 2020 311,000

HOWELL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

9. Loans to directors

Name of director receiving advance or credit: G M Johnston and Mrs P Johnston
Description of the loan: Short term loan
£
Balance at 01 June 2019 13,093
Advances or credits made: 143,208
Advances or credits repaid: 100,000
Balance at 31 May 2020 56,301

HOWELL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

10. Related party transactions

Name of the related party: Keelex 322 Limited
Relationship:
Holding company
Description of the Transaction: The company is controlled by Keelex 322 Limited, a company in which Mr G M Johnston and Mrs P Johnston are the controlling shareholders.
£
Balance at 01 June 2019 820,190
Balance at 31 May 2020 820,190