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 2021

for

Dales Livestock Transport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

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

3,000

4,000

Tangible assets

5

122,829

133,487

125,829

137,487

CURRENT ASSETS

Debtors

6

76,967

60,857

Cash in hand

(24

)

873

76,943

61,730

CREDITORS

Amounts falling due within one year

7

173,639

120,692

NET CURRENT LIABILITIES

(96,696

)

(58,962

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,133

78,525

CREDITORS

Amounts falling due after more than one year

8

78,150

87,585

NET LIABILITIES

(49,017

)

(9,060

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(49,217

)

(9,260

)

SHAREHOLDERS' FUNDS

(49,017

)

(9,060

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2022 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

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 (2020 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2020

and 31 August 2021

10,000

AMORTISATION

At 1 September 2020

6,000

Amortisation for year

1,000

At 31 August 2021

7,000

NET BOOK VALUE

At 31 August 2021

3,000

At 31 August 2020

4,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 September 2020

36,442

1,365

123,419

161,226

Disposals

-

-

(708

)

(708

)

At 31 August 2021

36,442

1,365

122,711

160,518

DEPRECIATION

At 1 September 2020

-

849

26,890

27,739

Charge for year

-

129

9,821

9,950

At 31 August 2021

-

978

36,711

37,689

NET BOOK VALUE

At 31 August 2021

36,442

387

86,000

122,829

At 31 August 2020

36,442

516

96,529

133,487

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

Motor

vehicles

£

COST

At 1 September 2020

and 31 August 2021

23,350

DEPRECIATION

At 1 September 2020

3,503

Charge for year

3,969

At 31 August 2021

7,472

NET BOOK VALUE

At 31 August 2021

15,878

At 31 August 2020

19,847

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Trade debtors

48,749

43,081

Other debtors

28,218

17,776

76,967

60,857

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans and overdrafts

26,914

28,442

Hire purchase contracts

6,500

6,500

Trade creditors

59,923

32,474

Taxation and social security

54,144

30,926

Other creditors

26,158

22,350

173,639

120,692

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans

40,788

42,473

Hire purchase contracts

3,792

10,833

Other creditors

33,570

34,279

78,150

87,585