Dales Livestock Transport Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09049549 (England and Wales)

Financial Statements

for the Year Ended 31 August 2019

for

Dales Livestock Transport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G W Dale

Mrs C Dale

Mrs G L Cliff

Mr J L Cliff

SECRETARY:

REGISTERED OFFICE:

Yew Tree House Farm

Back Lane

Smallwood

Sandbach

Cheshire

CW11 2UN

REGISTERED NUMBER:

09049549 (England and Wales)

ACCOUNTANTS:

John Greenall & Co Limited

20 Crewe Road

Sandbach

Cheshire

CW11 4NE

FIXED ASSETS

Intangible assets

4

5,000

6,000

Tangible assets

5

67,155

57,834

72,155

63,834

CURRENT ASSETS

Stocks

-

1,346

Debtors

6

47,912

19,350

Cash in hand

873

505

48,785

21,201

CREDITORS

Amounts falling due within one year

7

102,463

60,032

NET CURRENT LIABILITIES

(53,678

)

(38,831

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,477

25,003

CREDITORS

Amounts falling due after more than one year

8

9,628

16,146

NET ASSETS

8,849

8,857

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

8,649

8,657

SHAREHOLDERS' FUNDS

8,849

8,857

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2020 and were signed on its behalf by:

Mr J L Cliff - Director

1.	STATUTORY INFORMATION

Dales Livestock Transport 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2018

and 31 August 2019

10,000

AMORTISATION

At 1 September 2018

4,000

Amortisation for year

1,000

At 31 August 2019

5,000

NET BOOK VALUE

At 31 August 2019

5,000

At 31 August 2018

6,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 September 2018

8,515

1,365

60,819

70,699

Additions

-

-

12,000

12,000

At 31 August 2019

8,515

1,365

72,819

82,699

DEPRECIATION

At 1 September 2018

-

448

12,417

12,865

Charge for year

-

229

2,450

2,679

At 31 August 2019

-

677

14,867

15,544

NET BOOK VALUE

At 31 August 2019

8,515

688

57,952

67,155

At 31 August 2018

8,515

917

48,402

57,834

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

Motor

vehicles

£

COST

At 1 September 2018

10,500

Transfer to ownership

(10,500

)

At 31 August 2019

-

DEPRECIATION

At 1 September 2018

2,525

Transfer to ownership

(2,525

)

At 31 August 2019

-

NET BOOK VALUE

At 31 August 2019

-

At 31 August 2018

7,975

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

42,372

18,340

Other debtors

5,540

1,010

47,912

19,350

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans and overdrafts

23,636

18,684

Hire purchase contracts

-

3,005

Trade creditors

39,416

23,748

Taxation and social security

18,742

5,492

Other creditors

20,669

9,103

102,463

60,032

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.19

31.8.18

£

£

Other creditors

9,628

16,146