Paul Hawkins Haulage Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04594146

Paul Hawkins Haulage Limited

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R P Hawkins

Mrs A Hawkins

SECRETARY:

Mrs A Hawkins

REGISTERED OFFICE:

33 Chester Road West

Queensferry

Deeside

Flintshire

CH5 1SA

REGISTERED NUMBER:

04594146

ACCOUNTANTS:

Henry R. Davis & Co. Limited

Chartered Accountants

33 Chester Road West

Queensferry

Deeside

Flintshire

CH5 1SA

FIXED ASSETS

Intangible assets

2

8,173

9,184

Tangible assets

3

173,214

157,666

181,387

166,850

CURRENT ASSETS

Debtors

107,857

139,075

Cash at bank

55,086

21,239

162,943

160,314

CREDITORS

Amounts falling due within one year

133,655

128,584

NET CURRENT ASSETS

29,288

31,730

TOTAL ASSETS LESS CURRENT LIABILITIES

210,675

198,580

CREDITORS

Amounts falling due after more than one year

(22,845

)

(28,629

)

PROVISIONS FOR LIABILITIES

(33,239

)

(30,051

)

NET ASSETS

154,591

139,900

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

154,589

139,898

SHAREHOLDERS' FUNDS

154,591

139,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 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 28 May 2015 and were signed on its behalf by:

Mr R P Hawkins - Director

Mrs A Hawkins - 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 net invoiced services, excluding value added tax

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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 etc

-

25% on reducing balance, 15% on reducing balance and 4% on cost

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

30,000

AMORTISATION

At 1 December 2013

20,816

Amortisation for year

1,011

At 30 November 2014

21,827

NET BOOK VALUE

At 30 November 2014

8,173

At 30 November 2013

9,184

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

308,959

Additions

109,260

Disposals

(123,892

)

At 30 November 2014

294,327

DEPRECIATION

At 1 December 2013

151,293

Charge for year

55,161

Eliminated on disposal

(85,341

)

At 30 November 2014

121,113

NET BOOK VALUE

At 30 November 2014

173,214

At 30 November 2013

157,666

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2014 and

30 November 2013:

30.11.14

30.11.13

£

£

Mr R P Hawkins

Balance outstanding at start of year

3,130

6,566

Amounts advanced

-

8,144

Amounts repaid

(3,130

)

(11,580

)

Balance outstanding at end of year

-

3,130