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REGISTERED NUMBER: 01378068 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 11 JULY 2017

FOR

A. BAILEY & SONS
(ROAD HAULAGE CONTRACTORS) LIMITED

A. BAILEY & SONS
(ROAD HAULAGE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01378068)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 11 July 2017




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


A. BAILEY & SONS
(ROAD HAULAGE CONTRACTORS) LIMITED

COMPANY INFORMATION
for the year ended 11 July 2017







DIRECTOR: Mr A Bailey Snr





SECRETARY: Mrs E Bailey





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 01378068 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

A. BAILEY & SONS
(ROAD HAULAGE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01378068)

ABRIDGED STATEMENT OF FINANCIAL POSITION
11 July 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 896 1,053

CURRENT ASSETS
Stocks 49,100 57,425
Debtors 67,577 54,910
Cash at bank and in hand 1,282 1,508
117,959 113,843
CREDITORS
Amounts falling due within one year 165,570 117,253
NET CURRENT LIABILITIES (47,611 ) (3,410 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,715

)

(2,357

)

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 7 (47,715 ) (3,357 )
SHAREHOLDERS' FUNDS (46,715 ) (2,357 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 11 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 11 July 2017 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.

A. BAILEY & SONS
(ROAD HAULAGE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01378068)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
11 July 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 11 July 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 16 March 2018 and were signed by:





Mr A Bailey Snr - Director


A. BAILEY & SONS
(ROAD HAULAGE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01378068)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 11 July 2017

1. STATUTORY INFORMATION

A. Bailey & Sons (Road Haulage Contractors) Limited is a private company, limited by shares , registered in
England and Wales. The company's registered number and registered office address can be found on the
Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company
will meet its liabilities as and when due.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 11 July 2017 are the first that are prepared in accordance with FRS
102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of
transition to FRS 102 Section 1A is 12 July 2015.

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
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
Fixtures and fittings - 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.

Taxation
Taxation 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 other comprehensive 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 statement of financial position date.


A. BAILEY & SONS
(ROAD HAULAGE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01378068)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 11 July 2017

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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 financial statements. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 12 July 2016
and 11 July 2017 22,917
DEPRECIATION
At 12 July 2016 21,864
Charge for year 157
At 11 July 2017 22,021
NET BOOK VALUE
At 11 July 2017 896
At 11 July 2016 1,053

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
1,000 Ordinary £1 1,000 1,000

7. RESERVES
Retained
earnings
£   

At 12 July 2016 (3,357 )
Deficit for the year (44,358 )
At 11 July 2017 (47,715 )

8. CONTINGENT LIABILITIES

There were no contingent liabilities at either the beginning or end of the financial year.

A. BAILEY & SONS
(ROAD HAULAGE CONTRACTORS) LIMITED (REGISTERED NUMBER: 01378068)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 11 July 2017

9. CAPITAL COMMITMENTS

At 11 July 2017 and 11 July 2016 the company had no capital commitments which had been contracted for but
not provided in the financial statements.

10. RELATED PARTY DISCLOSURES

The company was controlled throughout the current and previous years by Mr A Bailey Snr, the sole director, by
virtue of his ownership of 66.70% of the issued share capital.

At the balance sheet date the company owed £97,739 (2016 - £84,310) to the director.

11. FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102. The last financial statements
under the UK GAAP were for the year ended 11 July 2016. The date of transition to FRS 102 was 12 July 2015.
On transition, management have considered the effect of any changes in accounting treatment from UK GAAP to
FRS 102 for this company but do not consider there to be any material changes that would warrant restatement of
the comparative financials.