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REGISTERED NUMBER: 00374254 (England and Wales)















Financial Statements for the Year Ended 31 May 2017

for

A.B.C. (Grimsby) Limited

A.B.C. (Grimsby) Limited (Registered number: 00374254)

Contents of the Financial Statements
for the Year Ended 31 May 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.B.C. (Grimsby) Limited

Company Information
for the Year Ended 31 May 2017







DIRECTORS: J H Revis
J S Revis



SECRETARY: J H Revis



REGISTERED OFFICE: Lancaster Approach
North Killingholme
Immingham
South Humberside
DN40 3JZ



REGISTERED NUMBER: 00374254 (England and Wales)



AUDITORS: Davies Tracey
Chartered Accountants and Statutory Auditors
Swan House
Westpoint Road
Teesdale Business Park
Stockton on Tees
TS17 6BP



BANKERS: HSBC
33 Park Row
Leeds
West Yorkshire
LS1 1LD

A.B.C. (Grimsby) Limited (Registered number: 00374254)

Balance Sheet
31 May 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,388,746 1,147,769

CURRENT ASSETS
Stocks 12,729 31,213
Debtors 4 570,719 633,454
Cash at bank 1,212 53,894
584,660 718,561
CREDITORS
Amounts falling due within one year 5 388,923 400,312
NET CURRENT ASSETS 195,737 318,249
TOTAL ASSETS LESS CURRENT LIABILITIES 1,584,483 1,466,018

CREDITORS
Amounts falling due after more than one year 6 (340,907 ) (135,097 )

PROVISIONS FOR LIABILITIES - (15,431 )
NET ASSETS 1,243,576 1,315,490

CAPITAL AND RESERVES
Allotted, called up and fully paid share capital 10,000 10,000
Revaluation reserve 8 624,130 624,130
Retained earnings 609,446 681,360
SHAREHOLDERS' FUNDS 1,243,576 1,315,490

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 and authorised for issue by the Board of Directors on 27 February 2018 and were signed on its behalf
by:




J H Revis - Director



J S Revis - Director


A.B.C. (Grimsby) Limited (Registered number: 00374254)

Notes to the Financial Statements
for the Year Ended 31 May 2017


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
A.B.C. (Grimsby) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number
and registered office address is given in the company information on page 1 of these financial statements.

The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting
Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The
financial statements have been prepared under the historical cost convention, modified to include certain items at fair value. The
financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

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 represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. 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.

Plant and machinery-20% on cost
Fixtures and fittings-10% - 20% on cost
Motor vehicles-25% on reducing balance and 20% on cost

No depreciation is provided on freehold property as it is maintained to ensure that the value does not diminish over time and any
depreciation charge would be immaterial. Freehold property was valued using an open market basis.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where
transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more
tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal
of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding
agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the
balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only
where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be
suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing
differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

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 the profit and loss account over the relevant period. The capital element of the
future payments is treated as a liability.

A.B.C. (Grimsby) Limited (Registered number: 00374254)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017


1. ACCOUNTING POLICIES - continued

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 the profit and loss account in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2016 - 27 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2016 850,000 185,285 32,765 732,629 1,800,679
Additions - - - 452,805 452,805
Disposals - - - (342,550 ) (342,550 )
At 31 May 2017 850,000 185,285 32,765 842,884 1,910,934
DEPRECIATION
At 1 June 2016 - 185,285 20,493 447,132 652,910
Charge for year - - 1,889 126,207 128,096
Eliminated on disposal - - - (258,818 ) (258,818 )
At 31 May 2017 - 185,285 22,382 314,521 522,188
NET BOOK VALUE
At 31 May 2017 850,000 - 10,383 528,363 1,388,746
At 31 May 2016 850,000 - 12,272 285,497 1,147,769

Cost or valuation at 31 May 2017 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2015 505,677 - - - 505,677
Cost 344,323 185,285 32,765 842,884 1,405,257
850,000 185,285 32,765 842,884 1,910,934

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2017 2016
£    £   
Cost 344,323 344,323

A.B.C. (Grimsby) Limited (Registered number: 00374254)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017


3. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 June 2016 354,500
Additions 452,805
Disposals (141,000 )
At 31 May 2017 666,305
DEPRECIATION
At 1 June 2016 115,066
Charge for year 118,578
Eliminated on disposal (71,507 )
At 31 May 2017 162,137
NET BOOK VALUE
At 31 May 2017 504,168
At 31 May 2016 239,434

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 268,727 394,710
Amounts owed by group undertakings 211,968 125,897
Prepayments and accrued income 90,024 112,847
570,719 633,454

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts - 32,539
Hire purchase contracts 112,003 34,464
Trade creditors 179,191 212,777
Social security and other taxes 41,144 55,595
Other creditors 45,000 52,643
Accruals and deferred income 11,585 12,294
388,923 400,312

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 340,907 135,097

A.B.C. (Grimsby) Limited (Registered number: 00374254)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017


7. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Hire purchase contracts 452,910 169,561

Hire purchase liabilities are secured on the assets to which they relate.

8. RESERVES
Revaluation
reserve
£   
At 1 June 2016
and 31 May 2017 624,130

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Craig McBride (Senior Statutory Auditor)
for and on behalf of Davies Tracey

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £307,098 (2016 - £600,665) relating to amounts
payable under operating leases. The company has given cross-guarantees in relation to group borrowings.

11. POST BALANCE SHEET EVENTS

Since 31 May 2017 the company has transferred its trade, employees, certain assets and certain liabilities (with the agreement of
relevant creditors) to its parent company, Revis Transport Limited.

12. ULTIMATE PARENT COMPANY

The company's ultimate parent company is Revis Transport Limited, whose registered office is:

Southfield Lane
Tockwith
York
YO26 7QP

The consolidated financial statements of Revis Transport Limited, within which the company is included, can be obtained from
Companies House in Cardiff.

13. FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the year ended 31 May 2017. The transition from United Kingdom Generally
Accepted Accounting Practice has had no effect on the accounting policies or the figures previously reported.