Paul Hawkins Haulage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04594146

Paul Hawkins Haulage Limited

Unaudited Financial Statements

for the Year Ended 30 November 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

4

1,096

2,107

Tangible assets

5

33,738

96,624

34,834

98,731

CURRENT ASSETS

Debtors

6

11,330

61,132

Cash at bank

85,353

76,613

96,683

137,745

CREDITORS

Amounts falling due within one year

7

58,665

160,153

NET CURRENT ASSETS/(LIABILITIES)

38,018

(22,408

)

TOTAL ASSETS LESS CURRENT LIABILITIES

72,852

76,323

CREDITORS

Amounts falling due after more than one year

8

-

(5,000

)

PROVISIONS FOR LIABILITIES

(5,595

)

(17,469

)

NET ASSETS

67,257

53,854

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

67,255

53,852

SHAREHOLDERS' FUNDS

67,257

53,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2022 and were signed on its behalf by:

Mr R P Hawkins - Director

Mrs A Hawkins - Director

1.	STATUTORY INFORMATION

Paul Hawkins Haulage Limited is a private company, limited by shares , registered in Not specified/Other. 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 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.

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.

Plant and machinery etc

-

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

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2020

and 30 November 2021

30,000

AMORTISATION

At 1 December 2020

27,893

Charge for year

1,011

At 30 November 2021

28,904

NET BOOK VALUE

At 30 November 2021

1,096

At 30 November 2020

2,107

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2020

305,014

Additions

14,250

Disposals

(156,550

)

At 30 November 2021

162,714

DEPRECIATION

At 1 December 2020

208,390

Charge for year

9,886

Eliminated on disposal

(89,300

)

At 30 November 2021

128,976

NET BOOK VALUE

At 30 November 2021

33,738

At 30 November 2020

96,624

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

Plant and

machinery

etc

£

COST

At 1 December 2020

134,000

Disposals

(32,000

)

Transfer to ownership

(102,000

)

At 30 November 2021

-

DEPRECIATION

At 1 December 2020

91,796

Eliminated on disposal

(14,000

)

Transfer to ownership

(77,796

)

At 30 November 2021

-

NET BOOK VALUE

At 30 November 2021

-

At 30 November 2020

42,204

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade debtors

10,764

59,906

Other debtors

566

1,226

11,330

61,132

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans and overdrafts

-

50,000

Hire purchase contracts

-

23,333

Trade creditors

1,534

27,007

Taxation and social security

53,009

49,220

Other creditors

4,122

10,593

58,665

160,153

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.21

30.11.20

£

£

Hire purchase contracts

-

5,000