A A K Haulage Limited - Period Ending 2017-11-30

A A K Haulage Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016

Roderick Gunkel & Associates Ltd
Orchardlea
Callander
FK17 8BG

A A K Haulage Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A A K Haulage Limited
for the Year Ended 30 November 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A A K Haulage Limited for the year ended 30 November 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a member of the Association Of Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook/accaglobal.com.

This report is made solely to the Board of Directors of A A K Haulage Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A A K Haulage Limited and state those matters that we have agreed to state to them, as a body . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A A K Haulage Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A A K Haulage Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A A K Haulage Limited. You consider that A A K Haulage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of A A K Haulage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Roderick Gunkel & Associates Ltd
Orchardlea
Callander
FK17 8BG

28 February 2017

Page 1

A A K Haulage Limited
(Registration number: SC237856)
Abbreviated Balance Sheet at 30 November 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		147,743	162,723
Current assets
Debtors		12,614	11,552
Cash at bank and in hand		13,238	10,733
		25,852	22,285
Creditors: Amounts falling due within one year		(91,015)	(82,340)
Net current liabilities		(65,163)	(60,055)
Total assets less current liabilities		82,580	102,668
Creditors: Amounts falling due after more than one year		(14,676)	(31,104)
Provisions for liabilities		(20,296)	(13,806)
Net assets		47,608	57,758
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		47,606	57,756
Shareholders' funds		47,608	57,758

For the year ending 30 November 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 28 February 2017

.........................................
Kenneth Montieth Comrie
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

A A K Haulage Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 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
Land	0%
Vehicles	20-50% reducing balance p.a.
Fixtures, fittings, tools and equipment	20-50% reducing balance p.a.

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.

Tangible fixed assets

	Freehold land and buildings £	Fixtures and fittings £	Motor vehicles £	Total £
Cost or valuation
At 1 December 2015	61,243	11,600	101,097	173,940
Additions	-	1,279	-	1,279
At 30 November 2016	61,243	12,879	101,097	175,219
Depreciation
At 1 December 2015	-	9,100	2,117	11,217
Charge for the year	-	2,279	13,980	16,259
At 30 November 2016	-	11,379	16,097	27,476
Net book value
At 30 November 2016	61,243	1,500	85,000	147,743
At 30 November 2015	61,243	2,500	98,980	162,723

Page 3

A A K Haulage Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 December 2015	173,940	173,940
Additions	1,279	1,279
At 30 November 2016	175,219	175,219
Depreciation
At 1 December 2015	11,217	11,217
Charge for the year	16,259	16,259
At 30 November 2016	27,476	27,476
Net book value
At 30 November 2016	147,743	147,743
At 30 November 2015	162,723	162,723

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

	2016 £	2015 £

Amounts falling due within one year	19,281	34,004
Amounts falling due after more than one year	14,676	31,103
Total secured creditors	33,957	65,107

Included in the creditors are the following amounts due after more than five years:

	2016 £	2015 £

After more than five years by instalments	-	4,101

4	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary shares of £1 each		2	2		2	2

Page 4