Paul Hawkins Haulage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04594146

Paul Hawkins Haulage Limited

Unaudited Financial Statements

for the Year Ended 30 November 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R P Hawkins

Mrs A Hawkins

SECRETARY:

Mrs A Hawkins

REGISTERED OFFICE:

33 Chester Road West

Queensferry

Deeside

Flintshire

CH5 1SA

REGISTERED NUMBER:

04594146

ACCOUNTANTS:

Henry R. Davis & Co. Limited

Chartered Accountants

33 Chester Road West

Queensferry

Deeside

Flintshire

CH5 1SA

FIXED ASSETS

Intangible assets

4

3,118

4,129

Tangible assets

5

102,521

93,942

105,639

98,071

CURRENT ASSETS

Debtors

6

84,937

65,565

Cash at bank

1,917

22,350

86,854

87,915

CREDITORS

Amounts falling due within one year

7

97,819

90,146

NET CURRENT LIABILITIES

(10,965

)

(2,231

)

TOTAL ASSETS LESS CURRENT LIABILITIES

94,674

95,840

CREDITORS

Amounts falling due after more than one year

8

(28,334

)

(29,333

)

PROVISIONS FOR LIABILITIES

(15,612

)

(17,064

)

NET ASSETS

50,728

49,443

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

50,726

49,441

SHAREHOLDERS' FUNDS

50,728

49,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2020 and were signed on its behalf by:

Mr R P Hawkins - Director

Mrs A Hawkins - Director

1.	STATUTORY INFORMATION

Paul Hawkins Haulage Limited is a private company, limited by shares , registered in Not specified/Other. 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 represents net invoiced services, excluding value added tax

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 4% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 (2018 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2018

and 30 November 2019

30,000

AMORTISATION

At 1 December 2018

25,871

Charge for year

1,011

At 30 November 2019

26,882

NET BOOK VALUE

At 30 November 2019

3,118

At 30 November 2018

4,129

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

277,315

Additions

43,400

Disposals

(8,500

)

At 30 November 2019

312,215

DEPRECIATION

At 1 December 2018

183,373

Charge for year

31,871

Eliminated on disposal

(5,550

)

At 30 November 2019

209,694

NET BOOK VALUE

At 30 November 2019

102,521

At 30 November 2018

93,942

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 December 2018

102,000

Additions

32,000

At 30 November 2019

134,000

DEPRECIATION

At 1 December 2018

58,969

Charge for year

18,758

At 30 November 2019

77,727

NET BOOK VALUE

At 30 November 2019

56,273

At 30 November 2018

43,031

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

83,771

64,395

Other debtors

1,166

1,170

84,937

65,565

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Bank loans and overdrafts

-

5,594

Hire purchase contracts

26,000

16,000

Trade creditors

36,627

28,145

Taxation and social security

26,168

37,510

Other creditors

9,024

2,897

97,819

90,146

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.19

30.11.18

£

£

Hire purchase contracts

28,334

29,333