A & L HAULAGE (SOMERSET) LIMITED

Company Registration Number:
05929418 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2018

Period of accounts

Start date: 01 May 2017

End date: 30 April 2018

A & L HAULAGE (SOMERSET) LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2018

Balance sheet
Notes

A & L HAULAGE (SOMERSET) LIMITED

Balance sheet

As at 30 April 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 817,342 907,167
Total fixed assets: 817,342 907,167
Current assets
Stocks: 257,374 155,702
Debtors:   783,512 836,484
Cash at bank and in hand: 427,464 285,254
Total current assets: 1,468,350 1,277,440
Creditors: amounts falling due within one year: 4 (532,461) (593,215)
Net current assets (liabilities): 935,889 684,225
Total assets less current liabilities: 1,753,231 1,591,392
Provision for liabilities: (134,504) (129,564)
Total net assets (liabilities): 1,618,727 1,461,828
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 1,617,727 1,460,828
Shareholders funds: 1,618,727 1,461,828

The notes form part of these financial statements

A & L HAULAGE (SOMERSET) LIMITED

Balance sheet statements

For the year ending 30 April 2018 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 24 April 2019
and signed on behalf of the board by:

Name: A D Gregory
Status: Director

The notes form part of these financial statements

A & L HAULAGE (SOMERSET) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

1. Accounting policies

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

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Land and buildings - 10% on costPlant and machinery etc - 25% on reducing balanceNo depreciation has been provided for this year in respect of this year's additions to land and buildings as the works had not been completed at the balance sheet date.

Other accounting policies

StocksStocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location andcondition.TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in othercomprehensive 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 taxDeferred 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 financialstatements. 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.

A & L HAULAGE (SOMERSET) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

2. Employees

2018 2017
Average number of employees during the period 24 23

A & L HAULAGE (SOMERSET) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

3. Tangible Assets

Total
Cost £
At 01 May 2017 1,822,873
Additions 310,869
Disposals (357,872)
At 30 April 2018 1,775,870
Depreciation
At 01 May 2017 915,706
Charge for year 191,300
On disposals (148,478)
At 30 April 2018 958,528
Net book value
At 30 April 2018 817,342
At 30 April 2017 907,167

A & L HAULAGE (SOMERSET) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

4. Creditors: amounts falling due within one year note

Trade creditors 333,069Taxation and social security 170,438Other creditors 28,954

A & L HAULAGE (SOMERSET) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

5. Related party transactions

The director has assisted the company with an interest free loan; the amount outstanding at the balance sheet date was £6,300 (2017 - £5,512).The director has also made available to the company an operating yard, inclusive of workshops, on a rent - free basis.