C.B.G. Transport Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04312044 (England and Wales)

C.B.G. TRANSPORT LTD

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2015

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

7

DIRECTORS:

N P Cummings

C Hartwell

C Cummings

SECRETARY:

C Cummings

REGISTERED OFFICE:

Birmingham Road

Blackminster

Evesham

Worcestershire

WR11 7TD

REGISTERED NUMBER:

04312044 (England and Wales)

ACCOUNTANTS:

Haines Watts (HW Worcester Limited)

Chartered Certified Accountants

Britannia Court

5 Moor Street

WORCESTER

WR1 3DB

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

three to seven) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of C.B.G. Transport Ltd for the year ended 28 February 2015 which comprise the

Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of C.B.G. Transport Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C.B.G. Transport Ltd and state those matters that we have agreed to state to the Board of Directors of C.B.G. Transport Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C.B.G. Transport Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C.B.G. Transport Ltd. You consider that C.B.G. Transport Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C.B.G. Transport

Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the

statutory financial statements.

Haines Watts (HW Worcester Limited)

Chartered Certified Accountants

Britannia Court

5 Moor Street

WORCESTER

WR1 3DB

3 June 2015

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

55,376

49,907

Investments

4

1,226

1,837

Investment property

5

152,649

152,649

209,251

204,393

CURRENT ASSETS

Debtors

374,700

353,571

Cash at bank and in hand

165,547

193,254

540,247

546,825

CREDITORS

Amounts falling due within one year

231,520

272,823

NET CURRENT ASSETS

308,727

274,002

TOTAL ASSETS LESS CURRENT LIABILITIES

517,978

478,395

CREDITORS

Amounts falling due after more than one year

-

(27,918

)

PROVISIONS FOR LIABILITIES

(11,075

)

(9,941

)

NET ASSETS

506,903

440,536

CAPITAL AND RESERVES

Called up share capital

6

90

90

Profit and loss account

506,813

440,446

SHAREHOLDERS' FUNDS

506,903

440,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 June 2015 and were signed on its behalf by:

N P Cummings - Director

C Hartwell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the net invoiced provision of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002 has been

amortised evenly over its estimated useful life of 10 years. At the 28 February 2014 Goodwill had been

fully amortised (2013 - fully amortised)

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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 the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Going concern

The financial statements have been prepared on a going concern basis and no material uncertainties

exist that impact on the company's ability to trade.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 28 February 2015

50,000

AMORTISATION

At 1 March 2014

and 28 February 2015

50,000

NET BOOK VALUE

At 28 February 2015

-

At 28 February 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

95,937

Additions

34,639

Disposals

(34,560

)

At 28 February 2015

96,016

DEPRECIATION

At 1 March 2014

46,030

Charge for year

13,039

Eliminated on disposal

(18,429

)

At 28 February 2015

40,640

NET BOOK VALUE

At 28 February 2015

55,376

At 28 February 2014

49,907

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 March 2014

and 28 February 2015

9,482

PROVISIONS

At 1 March 2014

7,645

Charge for year

611

At 28 February 2015

8,256

NET BOOK VALUE

At 28 February 2015

1,226

At 28 February 2014

1,837

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 March 2014

and 28 February 2015

152,649

NET BOOK VALUE

At 28 February 2015

152,649

At 28 February 2014

152,649

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

90

Ordinary

£1

90

90