REGISTERED NUMBER: 06865621 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

A B Freight Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Brayshaw

REGISTERED OFFICE:

Unit 6

Metcalf Drive

Altham

Accrington

Lancashire

BB5 5TU

REGISTERED NUMBER:

06865621 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

FIXED ASSETS

Tangible assets

4

2,652

3,537

CURRENT ASSETS

Debtors

6,373

2,773

Cash at bank and in hand

3,717

1,473

10,090

4,246

CREDITORS

Amounts falling due within one year

12,151

7,023

NET CURRENT LIABILITIES

(2,061

)

(2,777

)

TOTAL ASSETS LESS CURRENT LIABILITIES

591

760

PROVISIONS FOR LIABILITIES

504

707

NET ASSETS

87

53

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

86

52

SHAREHOLDERS' FUNDS

87

53

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Balance Sheet for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 14 July 2017 and were signed by:

A Brayshaw - Director

1.	STATUTORY INFORMATION

A B Freight Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements have been prepared on a going concern basis. The company has net current liabilities in

the current financial year. No adjustments have been made that may have been found necessary if any other basis

of preparation had been used.

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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 balance sheet date.

Deferred tax

Deferred 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

and 30 April 2017

6,650

DEPRECIATION

At 1 May 2016

3,113

Charge for year

885

At 30 April 2017

3,998

NET BOOK VALUE

At 30 April 2017

2,652

At 30 April 2016

3,537

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2017 and

30 April 2016:

30/4/17

30/4/16

£

£

A Brayshaw

Balance outstanding at start of year

736

5,257

Amounts advanced

36,074

29,383

Amounts repaid

(32,358

)

(33,904

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,452

736

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director, A Brayshaw, who owns 100% of the issued share capital.