Paul Hawkins Haulage Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04594146 (Wales)

Paul Hawkins Haulage Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R P Hawkins

Mrs A Hawkins

SECRETARY:

Mrs A Hawkins

REGISTERED OFFICE:

33 Chester Road West

Queensferry

Deeside

Flintshire

CH5 1SA

REGISTERED NUMBER:

04594146 (Wales)

ACCOUNTANTS:

Henry R. Davis & Co. Limited

Chartered Accountants

33 Chester Road West

Queensferry

Deeside

Flintshire

CH5 1SA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,567

29,660

21,567

29,660

CURRENT ASSETS

Debtors

6

51,520

30,481

Cash at bank

26,200

15,351

77,720

45,832

CREDITORS

Amounts falling due within one year

7

41,741

22,740

NET CURRENT ASSETS

35,979

23,092

TOTAL ASSETS LESS CURRENT LIABILITIES

57,546

52,752

PROVISIONS FOR LIABILITIES

3,431

4,894

NET ASSETS

54,115

47,858

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

54,113

47,856

SHAREHOLDERS' FUNDS

54,115

47,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:

Mr R P Hawkins - Director

Mrs A Hawkins - Director

1.	STATUTORY INFORMATION

Paul Hawkins Haulage Limited is a private company, limited by shares , registered in 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.

Turnover

Turnover represents net invoiced services, excluding value added tax

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 4% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2022

30,000

Disposals

(30,000

)

At 30 November 2023

-

AMORTISATION

At 1 December 2022

30,000

Eliminated on disposal

(30,000

)

At 30 November 2023

-

NET BOOK VALUE

At 30 November 2023

-

At 30 November 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2022

167,139

Disposals

(15,150

)

At 30 November 2023

151,989

DEPRECIATION

At 1 December 2022

137,479

Charge for year

6,089

Eliminated on disposal

(13,146

)

At 30 November 2023

130,422

NET BOOK VALUE

At 30 November 2023

21,567

At 30 November 2022

29,660

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.23

30.11.22

£

£

Trade debtors

50,427

29,916

Other debtors

1,093

565

51,520

30,481

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.23

30.11.22

£

£

Trade creditors

15,802

9,875

Taxation and social security

24,367

11,298

Other creditors

1,572

1,567

41,741

22,740