J. Taylor (Haulage Contractor) Limited - Period Ending 2015-11-30

Registration number: 05489988

J. Taylor (Haulage Contractor) Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2015
 

Nairne Son & Green Chartered Accountants
477 Chester Road
Manchester
Manchester
M16 9HF

J. Taylor (Haulage Contractor) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

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 Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
J. Taylor (Haulage Contractor) Limited
for the Year Ended 30 November 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J. Taylor (Haulage Contractor) Limited for the year ended 30 November 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of J. Taylor (Haulage Contractor) Limited, as a body, in accordance with the terms of our engagement letterdated 9 April 2014. Our work has been undertaken solely to prepare for your approval the accounts of J. Taylor (Haulage Contractor) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. Taylor (Haulage Contractor) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that J. Taylor (Haulage Contractor) 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 J. Taylor (Haulage Contractor) Limited. You consider that J. Taylor (Haulage Contractor) 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 J. Taylor (Haulage Contractor) 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.

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

Nairne Son & Green Chartered Accountants
477 Chester Road
Manchester
Manchester
M16 9HF

1 March 2016

Page 1

J. Taylor (Haulage Contractor) Limited
(Registration number: 05489988)
Abbreviated Balance Sheet at 30 November 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					6,905			26,999
Current assets
Debtors					84,152			96,871
Cash at bank and in hand					48,871			32,070
					133,023			128,941
Creditors: Amounts falling due within one year					(105,596)			(122,227)
Net current assets					27,427			6,714
Total assets less current liabilities					34,332			33,713
Creditors: Amounts falling due after more than one year					-			(14,844)
Provisions for liabilities					(1,381)			(5,400)
Net assets					32,951			13,469
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					32,950			13,468
Shareholders' funds					32,951			13,469

For the year ending 30 November 2015 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 1 March 2016

.........................................
JJ Taylor
Director

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

J. Taylor (Haulage Contractor) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... 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 April 2008).

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
Motor vehicles	25% straight line
Plant and machinery	25% straight line
Office equipment	25% straight line

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.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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 3

J. Taylor (Haulage Contractor) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2014		41,858			41,858
Additions		4,707			4,707
Disposals		(27,750)			(27,750)
At 30 November 2015		18,815			18,815
Depreciation
At 1 December 2014		14,859			14,859
Charge for the year		3,989			3,989
Eliminated on disposals		(6,938)			(6,938)
At 30 November 2015		11,910			11,910
Net book value
At 30 November 2015		6,905			6,905
At 30 November 2014		26,999			26,999

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 4