L & M (Hauliers) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05981265 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

L & M (HAULIERS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr B J Menzies

Ms J E Lambert

SECRETARY:

Ms J E Lambert

REGISTERED OFFICE:

12 High Street

Stanford le Hope

Essex

SS17 0EY

REGISTERED NUMBER:

05981265 (England and Wales)

ACCOUNTANTS:

Elliott, Mortlock, Busby & Co Limited

Chartered Certified Accountants

12 High Street

Stanford le Hope

Essex

SS17 0EY

FIXED ASSETS

Tangible assets

2

14,032

18,709

CURRENT ASSETS

Debtors

3,554

1,856

Cash at bank

9,738

16,633

13,292

18,489

CREDITORS

Amounts falling due within one year

3

24,081

31,074

NET CURRENT LIABILITIES

(10,789

)

(12,585

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,243

6,124

PROVISIONS FOR LIABILITIES

2,805

3,742

NET ASSETS

438

2,382

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

436

2,380

SHAREHOLDERS' FUNDS

438

2,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 December 2016 and were signed on its behalf by:

Mr B J Menzies - Director

1.	ACCOUNTING POLICIES

Basis of preparation of accounts

The financial statements 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 all amounts received and receivable in respect of goods and services supplied by the company

during the year excluding value added tax and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of

certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing

differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are

recognised only to the extent that the directors consider that it is more likely than not that they will be recovered

against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a

non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse,

based on tax rates and laws that have been enacted by the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets

acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by

hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits

and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net

of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit

and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

51,494

DEPRECIATION

At 1 November 2015

32,785

Charge for year

4,677

At 31 October 2016

37,462

NET BOOK VALUE

At 31 October 2016

14,032

At 31 October 2015

18,709

3.

CREDITORS

Creditors include an amount of £ 0 (2015 - £ 1,205 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2