European Haulier Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03688688

European Haulier Services Limited

Financial Statements for the Year Ended 31 March 2020

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

3

29,793

18,243

Cash at bank and in hand

12,833

19,854

42,626

38,097

CREDITORS

Amounts falling due within one year

4

(37,995

)

(24,455

)

NET CURRENT ASSETS

4,631

13,642

TOTAL ASSETS LESS CURRENT LIABILITIES

4,631

13,642

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

4,629

13,640

SHAREHOLDERS' FUNDS

4,631

13,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 26 August 2020 and were signed by:

S H Landes - Director

1.	STATUTORY INFORMATION

European Haulier Services 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 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.

The financial statements have been prepared in £ Sterling and this is also considered by the directors to be the

company's functional currency.

Turnover

Turnover comprises the invoiced value of services supplied by the company net of value added tax outside of

the UK. Net revenue comprises services delivered in the financial year as well as changes in the completion of

services in progress. Revenue is recognised when the agreed freight forwarding service is considered delivered

and control of the cargo has passed to the customer or another logistics services provider. The time of

recognition varies depending on the service provided.

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.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

8,996

-

Tax

-

300

Prepayments and accrued income

20,797

17,943

29,793

18,243

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

13,604

-

Tax

232

1,272

Accruals and deferred income

24,159

23,183

37,995

24,455

5.	RELATED PARTY DISCLOSURES

6.	ULTIMATE CONTROLLING PARTY