Abbreviated Company Accounts - PHILIP BANNON HAULAGE LTD

PHILIP BANNON HAULAGE LTD - Company Information

05273480 PHILIP BANNON HAULAGE LTD 2013-12-31 false 2013-01-01 2013-12-31 true 05273480 2013-01-01 2013-12-31 05273480 2013-12-31 05273480 2012-12-31 05273480 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 05273480 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 05273480

PHILIP BANNON HAULAGE LTD

Abbreviated Accounts

31 December 2013

PHILIP BANNON HAULAGE LTD Registered Number 05273480

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	45,039	60,899
		45,039	60,899
Current assets
Debtors		113,143	88,685
Cash at bank and in hand		160,828	77,770
		273,971	166,455
Creditors: amounts falling due within one year		(283,845)	(179,193)
Net current assets (liabilities)		(9,874)	(12,738)
Total assets less current liabilities		35,165	48,161
Accruals and deferred income		(9,008)	(12,169)
Total net assets (liabilities)		26,157	35,992
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		26,155	35,990
Shareholders' funds		26,157	35,992

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 September 2014

And signed on their behalf by:
MR P BANNON, Director

PHILIP BANNON HAULAGE LTD Registered Number 05273480

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 20% Reducing Balance
Fixtures & Fittings - 25% Reducing Balance
Motor Vehicles - 25% Reducing Balance
Equipment - 33% Straight Line

Other accounting policies
Pension Costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held seperately from those of the company. The annual contributions payable are charged to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2013	159,639
Additions	9,187
Disposals	(57,500)
Revaluations	-
Transfers	-
At 31 December 2013	111,326
Depreciation
At 1 January 2013	98,740
Charge for the year	13,183
On disposals	(45,636)
At 31 December 2013	66,287
Net book values
At 31 December 2013	45,039
At 31 December 2012	60,899

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
2 Ordinary shares of £1 each	2	2