A&H Transport Solutions Limited - Period Ending 2016-10-31

A&H Transport Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2016

A&H Transport Solutions Limited
(Registration number: 07091122)
Abbreviated Balance Sheet at 31 October 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets	2	12,841	11,994
Current assets
Debtors		59,581	49,495
Cash at bank and in hand		43,199	58,960
		102,780	108,455
Creditors: Amounts falling due within one year		(40,127)	(54,664)
Net current assets		62,653	53,791
Total assets less current liabilities		75,494	65,785
Provisions for liabilities		(1,334)	(1,001)
Net assets		74,160	64,784
Capital and reserves
Called up share capital	3	1	1
Capital redemption reserve		1	1
Profit and loss account		74,158	64,782
Shareholders' funds		74,160	64,784

For the year ending 31 October 2016 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 25 July 2017

.........................................
Mr B L O'Meara
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

A&H Transport Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Improvement to leasehold property	10% pa on cost
Office equipment	20% pa reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

A&H Transport Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 November 2015	15,492	15,492
Additions	3,008	3,008
At 31 October 2016	18,500	18,500
Depreciation
At 1 November 2015	3,498	3,498
Charge for the year	2,161	2,161
At 31 October 2016	5,659	5,659
Net book value
At 31 October 2016	12,841	12,841
At 31 October 2015	11,994	11,994

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary shares of £1 each		1	1		1	1

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr B L O'Meara
Directors current account	9,994	3,658	3,658	8,750

Page 3