Alan Bradford Haulage Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07001189 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

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:

1-3 Dudley Street

Grimsby

N E LINCOLNSHIRE

DN31 2AW

REGISTERED NUMBER:

07001189 (England and Wales)

ACCOUNTANTS:

Bygott & Co.,

1/3 Dudley Street

Grimsby

N.E. LINCOLNSHIRE

DN31 2AW

BANKERS:

Lloyds Bank Plc.

Mercer Row

Louth

Lincolnshire

LN11 9JH

FIXED ASSETS

Tangible assets

4

34,113

42,830

CURRENT ASSETS

Debtors

5

27,315

42,718

Cash at bank

-

19,868

27,315

62,586

CREDITORS

Amounts falling due within one year

6

12,503

27,667

NET CURRENT ASSETS

14,812

34,919

TOTAL ASSETS LESS CURRENT LIABILITIES

48,925

77,749

PROVISIONS FOR LIABILITIES

6,823

8,566

NET ASSETS

42,102

69,183

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

41,102

68,183

SHAREHOLDERS' FUNDS

42,102

69,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 27 October 2017 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 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.

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

Fixtures and fittings

-

25% on reducing balance

Office 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 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

109,627

Additions

13,250

Disposals

(34,308

)

At 31 August 2017

88,569

DEPRECIATION

At 1 September 2016

66,797

Charge for year

11,331

Eliminated on disposal

(23,672

)

At 31 August 2017

54,456

NET BOOK VALUE

At 31 August 2017

34,113

At 31 August 2016

42,830

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

26,001

42,306

Taxation

922

-

Prepayments

392

412

27,315

42,718

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

2,003

-

Trade creditors

4,570

3,249

Taxation

-

12,093

Social security and other taxes

707

1,373

Net wages creditor

843

-

VAT

3,618

9,878

Directors' loan accounts

512

824

Accrued expenses

250

250

12,503

27,667

7.	CONTINGENT LIABILITIES

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

liability.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st August 2017, the directors are owed £512 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 £16,000, with the amount attributable to each director

being £8,000

9.	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.