P and B Aggregate - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04806944 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

P & B AGGREGATE

& CONCRETE HAULAGE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C P Fanciulli

REGISTERED OFFICE:

4 Green Lane Buisness Park

238 Green Lane

New Eltham

London

SE9 3TL

REGISTERED NUMBER:

04806944 (England and Wales)

ACCOUNTANTS:

Bayar Hughes & Co Ltd

Chartered Certified Accountants

4 Green Lane Business Park

238 Green Lane

New Eltham

London

SE9 3TL

FIXED ASSETS

Intangible assets

4

25,200

28,000

Tangible assets

5

17,673

7,864

42,873

35,864

CURRENT ASSETS

Debtors

6

44,851

33,104

Cash at bank

276

-

45,127

33,104

CREDITORS

Amounts falling due within one year

7

36,081

22,046

NET CURRENT ASSETS

9,046

11,058

TOTAL ASSETS LESS CURRENT LIABILITIES

51,919

46,922

CREDITORS

Amounts falling due after more than one year

8

(45,000

)

(45,000

)

PROVISIONS FOR LIABILITIES

(2,055

)

-

NET ASSETS

4,864

1,922

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,764

1,822

SHAREHOLDERS' FUNDS

4,864

1,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 July 2020 and were signed by:

Mr C P Fanciulli - Director

1.	STATUTORY INFORMATION

P & B Aggregate & Concrete Haulage Ltd 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 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax

and trade discounts.

Goodwill

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value

of its separable net assets. It is being written off in equal annual instalments over its estimated economic life.

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.

Plant and Machinery

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2019

and 31 December 2019

70,000

AMORTISATION

At 1 January 2019

42,000

Amortisation for year

2,800

At 31 December 2019

44,800

NET BOOK VALUE

At 31 December 2019

25,200

At 31 December 2018

28,000

5.	TANGIBLE FIXED ASSETS

Plant and

Machinery

£

COST

At 1 January 2019

17,730

Additions

22,450

Disposals

(12,000

)

At 31 December 2019

28,180

DEPRECIATION

At 1 January 2019

9,866

Charge for year

5,891

Eliminated on disposal

(5,250

)

At 31 December 2019

10,507

NET BOOK VALUE

At 31 December 2019

17,673

At 31 December 2018

7,864

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

38,613

31,354

Tax

1,780

-

Prepayments and accrued income

4,458

1,750

44,851

33,104

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

4,494

Taxation and social security

1,347

3,919

Other creditors

34,734

13,633

36,081

22,046

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

45,000

45,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors falling due within one year and falling due in more than one year, are amounts of

£33,133 (2018:£11,973) and £45,000 (2018:£45,000) respectively, in relation to amounts payable to the

director. These represent an interest free loan and the director undertakes not to draw down on the loan until such

time as to do so, will not inhibit the company's ability to trade.

10.	ULTIMATE CONTROLLING PARTY

In the opinion of the director, Mr C Fanciulli, who hold 70% of the company's share is the company's ultimate

controller.