REGISTERED NUMBER: 03189923 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Abrams Bulk Haulage (East Anglia) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P E Abram

SECRETARY:

Mrs C L Abram

REGISTERED OFFICE:

Manor Farm

Oxwick

FAKENHAM

Norfolk

NR21 7HZ

REGISTERED NUMBER:

03189923 (England and Wales)

ACCOUNTANTS:

Argents Chartered Accountants

15 Palace Street

NORWICH

Norfolk

NR3 1RT

FIXED ASSETS

Tangible assets

2

422,549

453,254

CURRENT ASSETS

Stocks

9,300

9,300

Debtors

93,529

95,848

Cash at bank

554

554

103,383

105,702

CREDITORS

Amounts falling due within one year

3

329,969

271,161

NET CURRENT LIABILITIES

(226,586

)

(165,459

)

TOTAL ASSETS LESS CURRENT LIABILITIES

195,963

287,795

CREDITORS

Amounts falling due after more than one year

3

(144,744

)

(180,372

)

PROVISIONS FOR LIABILITIES

-

(18,127

)

NET ASSETS

51,219

89,296

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

51,217

89,294

SHAREHOLDERS' FUNDS

51,219

89,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 May 2017 and were signed by:

P E Abram - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced value of services provided, excluding value added tax.

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

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Stocks

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

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date, except to the extent that deferred tax assets are not provided for on losses where it is not

expected that they will be utilsed in the forseeable future.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

729,479

Additions

41,830

Disposals

(2,500

)

At 30 September 2016

768,809

DEPRECIATION

At 1 October 2015

276,225

Charge for year

72,535

Eliminated on disposal

(2,500

)

At 30 September 2016

346,260

NET BOOK VALUE

At 30 September 2016

422,549

At 30 September 2015

453,254

3.

CREDITORS

Creditors include an amount of £ 275,229 (2015 - £ 303,404 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

23,072

27,670

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

1

2

2