Alan Bradford Haulage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07001189 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2019

for

Alan Bradford Haulage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J Bradford

Mrs S Bradford

SECRETARY:

Mrs S Bradford

REGISTERED OFFICE:

16 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

REGISTERED NUMBER:

07001189 (England and Wales)

FIXED ASSETS

Tangible assets

4

111,072

102,746

CURRENT ASSETS

Debtors

5

92,932

81,017

CREDITORS

Amounts falling due within one year

6

44,948

57,506

NET CURRENT ASSETS

47,984

23,511

TOTAL ASSETS LESS CURRENT LIABILITIES

159,056

126,257

CREDITORS

Amounts falling due after more than one year

7

(10,103

)

(15,666

)

PROVISIONS FOR LIABILITIES

(21,104

)

(19,467

)

NET ASSETS

127,849

91,124

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

126,849

90,124

SHAREHOLDERS' FUNDS

127,849

91,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors on 26 October 2019 and were signed on its behalf by:

A J Bradford - Director

1.	STATUTORY INFORMATION

Alan Bradford Haulage 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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

-

25% on reducing balance

Computer equipment

-

20% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 September 2018

155,286

833

156,119

Additions

71,371

-

71,371

Disposals

(56,200

)

-

(56,200

)

At 31 August 2019

170,457

833

171,290

DEPRECIATION

At 1 September 2018

52,902

471

53,373

Charge for year

29,017

67

29,084

Eliminated on disposal

(22,239

)

-

(22,239

)

At 31 August 2019

59,680

538

60,218

NET BOOK VALUE

At 31 August 2019

110,777

295

111,072

At 31 August 2018

102,384

362

102,746

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

92,234

80,309

Other debtors

698

708

92,932

81,017

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans and overdrafts

4,838

8,735

Hire purchase contracts

12,027

13,334

Trade creditors

15,031

12,148

Taxation and social security

12,020

6,999

Other creditors

1,032

16,290

44,948

57,506

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.19

31.8.18

£

£

Hire purchase contracts

10,103

15,666

8.	CONTINGENT LIABILITIES

As far as the directors are aware they have not entered into any contracts which could give rise to a contingent liability.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st August 2019, the directors are owed £782 by the company. This amount being shown as directors loan account

in the creditors due within one year note to the accounts.

An interim dividend was voted during the year totalling £35,000, with the amount attributable to each director being £17,500

10.	ULTIMATE CONTROLLING PARTY

The controlling party is A J Bradford.

For the whole of the year the company was effectively under the control of Alan Bradford, a director and equal shareholder

of the company.