REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
FOR |
A. AND D. HAULAGE (TELFORD) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
FOR |
A. AND D. HAULAGE (TELFORD) LIMITED |
A. AND D. HAULAGE (TELFORD) LIMITED (REGISTERED NUMBER: 02597876) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
A. AND D. HAULAGE (TELFORD) LIMITED |
COMPANY INFORMATION |
for the Year Ended 31st December 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
15 Bridge Road |
Wellington |
Telford |
Shropshire |
TF1 1EB |
A. AND D. HAULAGE (TELFORD) LIMITED (REGISTERED NUMBER: 02597876) |
BALANCE SHEET |
31st December 2017 |
31.12.17 | 31.12.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
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 |
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. |
A. AND D. HAULAGE (TELFORD) LIMITED (REGISTERED NUMBER: 02597876) |
BALANCE SHEET - continued |
31st December 2017 |
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 on |
A. AND D. HAULAGE (TELFORD) LIMITED (REGISTERED NUMBER: 02597876) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2017 |
1. | STATUTORY INFORMATION |
A. and D. Haulage (Telford) Limited is a |
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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
tax and other sales taxes. |
Tangible fixed assets |
Freehold property | - |
Motor lorries | - |
Equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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. |
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 profit or loss in the period to which they relate. |
Deferred taxation |
The accounting policy in respect of deferred tax has been changed to reflect the requirements of FRSSE (effective June |
2002). Provision is made at current rates for tax deferred in respect of all material timing differences. The company has not |
adpoted a policy of discounting deferred tax assets and liabilities. |
As the effect of the change in the accounting policy is not significant a prior period adjustment is not required. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
A. AND D. HAULAGE (TELFORD) LIMITED (REGISTERED NUMBER: 02597876) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2017 |
4. | TANGIBLE FIXED ASSETS |
Freehold | Motor |
property | lorries | Equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st January 2017 |
Additions |
Disposals | ( |
) | ( |
) |
At 31st December 2017 |
DEPRECIATION |
At 1st January 2017 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31st December 2017 |
NET BOOK VALUE |
At 31st December 2017 |
At 31st December 2016 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
lorries |
£ |
COST |
At 1st January 2017 |
Additions |
At 31st December 2017 |
DEPRECIATION |
At 1st January 2017 |
Charge for year |
At 31st December 2017 |
NET BOOK VALUE |
At 31st December 2017 |
At 31st December 2016 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Trade debtors |
Other debtors |
A. AND D. HAULAGE (TELFORD) LIMITED (REGISTERED NUMBER: 02597876) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2017 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Bank loans |
Hire purchase contracts |
Other creditors |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.17 | 31.12.16 |
£ | £ |
Bank overdraft |
Bank loans |
Hire purchase contracts | 207,663 | 115,261 |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is D Smith, D Brown and D Friel as they co-operate to exercise control. |