Hewicks Haulage Limited - Limited company - abbreviated - 11.9

Hewicks Haulage Limited - Limited company - abbreviated - 11.9

HEWICKS HAULAGE LIMITED - Company Information

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REGISTERED NUMBER: 04314395 (England and Wales)


























ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

HEWICKS HAULAGE LIMITED








HEWICKS HAULAGE LIMITED (REGISTERED NUMBER: 04314395)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

HEWICKS HAULAGE LIMITED (REGISTERED NUMBER: 04314395)

ABBREVIATED BALANCE SHEET
30 NOVEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,814,748 2,715,139

CURRENT ASSETS
Debtors 766,799 864,776
Cash at bank and in hand 248,101 3,031
1,014,900 867,807
CREDITORS
Amounts falling due within one year 3 1,406,278 1,550,936
NET CURRENT LIABILITIES (391,378 ) (683,129 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,423,370
2,032,010

CREDITORS
Amounts falling due after more than one
year
3
(1,368,461		 )
(1,366,933		 )

PROVISIONS FOR LIABILITIES (131,677 ) (60,125 )
NET ASSETS 923,232 604,952

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 923,230 604,950
SHAREHOLDERS' FUNDS 923,232 604,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 16 February 2016 and were signed on its behalf
by:





Mr C A Hewick - Director


The notes form part of these abbreviated accounts

Page 1
HEWICKS HAULAGE LIMITED (REGISTERED NUMBER: 04314395)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015


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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of
Value Added Tax, amended for uninvoiced sales at the year end.

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 - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Equipment - 25% on reducing balance

All fixed assets are initially recorded at cost.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay
more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed
assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the
extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned.
However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more
likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the
replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance
sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to the profit and loss account in the period to which they relate.

Page 2 continued...
HEWICKS HAULAGE LIMITED (REGISTERED NUMBER: 04314395)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2015


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2014 4,749,508
Additions 803,574
Disposals (284,615 )
At 30 November 2015 5,268,467
DEPRECIATION
At 1 December 2014 2,034,369
Charge for year 658,430
Eliminated on disposal (239,080 )
At 30 November 2015 2,453,719
NET BOOK VALUE
At 30 November 2015 2,814,748
At 30 November 2014 2,715,139

3. CREDITORS

Creditors include an amount of £ 2,271,883 (2014 - £ 2,107,705 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary £1 2 2

Page 3