A Van Man Transport Limited - Period Ending 2020-09-30

A Van Man Transport Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

A Van Man Transport Limited

Company Information

Directors

R Davis L Davis

Registered office

Unit 5 Benbridge Business Park Holyrood Close Creekmoor Poole Dorset BH17 7BD

Accountants

Grant Sellers Limited Bank Court Manor Road Verwood Dorset BH31 6DY

A Van Man Transport Limited

(Registration number: 04855154)
Balance Sheet as at 30 September 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	5	173,716	186,853
Current assets
Debtors	6	67,174	108,074
Cash at bank and in hand		102,515	86,056
		169,689	194,130
Creditors: Amounts falling due within one year	7	(74,902)	(105,648)
Net current assets		94,787	88,482
Total assets less current liabilities		268,503	275,335
Creditors: Amounts falling due after more than one year	7	(27,533)	(39,067)
Provisions for liabilities		(33,006)	(35,146)
Net assets		207,964	201,122
Capital and reserves
Called up share capital	8	100	100
Profit and loss account		207,864	201,022
Shareholders' funds		207,964	201,122

For the financial year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

A Van Man Transport Limited

(Registration number: 04855154)
Balance Sheet as at 30 September 2020 (continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 January 2021 and signed on its behalf by:
 

.........................................

R Davis
Director

A Van Man Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020

1	General information

The company is a private company limited by share capital, incorporated in England & Wales .

The address of its registered office is:
Unit 5 Benbridge Business Park
Holyrood Close
Creekmoor
Poole
Dorset
BH17 7BD

These financial statements were authorised for issue by the Board on 13 January 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is normally recognised on completion of delivery or installation. However, in the case of long-term contracts income could be recognised partly prior to completion to reflect the work undertaken.
 

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

A Van Man Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020 (continued)

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% on reducing balance
Motor vehicles	25% on reducing balance

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2019 - 15).

A Van Man Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020 (continued)

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 October 2019	267,048	267,048
At 30 September 2020	267,048	267,048
Amortisation
At 1 October 2019	267,048	267,048
At 30 September 2020	267,048	267,048
Carrying amount
At 30 September 2020	-	-

5	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2019	15,325	312,123	327,448
Additions	6,800	31,716	38,516
Disposals	-	(33,370)	(33,370)
At 30 September 2020	22,125	310,469	332,594
Depreciation
At 1 October 2019	11,333	129,262	140,595
Charge for the year	1,140	46,376	47,516
Eliminated on disposal	-	(29,233)	(29,233)
At 30 September 2020	12,473	146,405	158,878
Carrying amount
At 30 September 2020	9,652	164,064	173,716
At 30 September 2019	3,992	182,861	186,853

A Van Man Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020 (continued)

6

Debtors

	2020 £	2019 £
Trade debtors	54,529	91,821
Prepayments	12,645	16,253
	67,174	108,074

7

Creditors

Creditors: amounts falling due within one year

	Note	2020 £	2019 £
Due within one year
Loans and borrowings	9	36,126	42,544
Trade creditors		8,812	12,665
Taxation and social security		26,126	21,434
Accruals and deferred income		1,835	1,835
Other creditors		2,003	27,170
		74,902	105,648

Creditors: amounts falling due after more than one year

	Note	2020 £	2019 £
Due after one year
Loans and borrowings	9	27,533	39,067

A Van Man Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020 (continued)

8	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary A of £1 each	50	50	50	50
Ordinary B of £1 each	50	50	50	50
	100	100	100	100

9	Loans and borrowings

	2020 £	2019 £
Non-current loans and borrowings
Hire purchase contracts	27,533	39,067

	2020 £	2019 £
Current loans and borrowings
Hire purchase contracts	36,126	42,544