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 2018

FOR

ALAN BRADFORD HAULAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

102,746

34,113

CURRENT ASSETS

Debtors

5

81,017

27,315

CREDITORS

Amounts falling due within one year

6

57,506

12,503

NET CURRENT ASSETS

23,511

14,812

TOTAL ASSETS LESS CURRENT LIABILITIES

126,257

48,925

CREDITORS

Amounts falling due after more than one year

7

(15,666

)

-

PROVISIONS FOR LIABILITIES

(19,467

)

(6,823

)

NET ASSETS

91,124

42,102

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

8

90,124

41,102

SHAREHOLDERS' FUNDS

91,124

42,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 1 November 2018 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

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 7 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2017

88,569

Additions

112,850

Disposals

(45,300

)

At 31 August 2018

156,119

DEPRECIATION

At 1 September 2017

54,456

Charge for year

21,215

Eliminated on disposal

(22,298

)

At 31 August 2018

53,373

NET BOOK VALUE

At 31 August 2018

102,746

At 31 August 2017

34,113

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

80,309

26,001

Taxation

-

922

Prepayments

708

392

81,017

27,315

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

8,735

2,003

Hire purchase contracts

13,334

-

Trade creditors

12,148

4,570

Social security and other taxes

1,154

707

Net wages creditor

-

843

VAT

5,845

3,618

Directors' loan accounts

16,040

512

Accrued expenses

250

250

57,506

12,503

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

15,666

-

8.

RESERVES

Retained

earnings

£

At 1 September 2017

41,102

Profit for the year

53,022

Dividends

(4,000

)

At 31 August 2018

90,124

9.	CONTINGENT LIABILITIES

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

liability.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st August 2018, the directors are owed £16,040 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 £4,000, with the amount attributable to each director

being £2,000

11.	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.