Hyetts Express Deliveries Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04396703 (England and Wales)

Hyetts Express Deliveries Ltd

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

DIRECTOR:

A J Hyett

SECRETARY:

Mrs H L Hyett

REGISTERED OFFICE:

9 Bowden Green

Droitwich

Worcestershire

WR9 8WZ

REGISTERED NUMBER:

04396703 (England and Wales)

ACCOUNTANTS:

Pinfields Limited

Chartered Accountants

Meryll House

57 Worcester Road

Bromsgrove

Worcestershire

B61 7DN

FIXED ASSETS

Intangible assets

2

4,000

6,000

Tangible assets

3

113,921

134,842

117,921

140,842

CURRENT ASSETS

Debtors

190,019

146,670

Cash at bank and in hand

135,635

101,494

325,654

248,164

CREDITORS

Amounts falling due within one year

4

128,922

111,489

NET CURRENT ASSETS

196,732

136,675

TOTAL ASSETS LESS CURRENT
LIABILITIES

314,653

277,517

CREDITORS

Amounts falling due after more than one year

4

(26,801

)

(38,404

)

PROVISIONS FOR LIABILITIES

(18,109

)

(19,366

)

NET ASSETS

269,743

219,747

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

269,741

219,745

SHAREHOLDERS' FUNDS

269,743

219,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13 April 2016 and were signed by:

A J Hyett - 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 sales of 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 fifteen 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

30,000

AMORTISATION

At 1 September 2014

24,000

Amortisation for year

2,000

At 31 August 2015

26,000

NET BOOK VALUE

At 31 August 2015

4,000

At 31 August 2014

6,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

322,744

Additions

31,377

Disposals

(11,200

)

At 31 August 2015

342,921

DEPRECIATION

At 1 September 2014

187,902

Charge for year

44,248

Eliminated on disposal

(3,150

)

At 31 August 2015

229,000

NET BOOK VALUE

At 31 August 2015

113,921

At 31 August 2014

134,842

4.

CREDITORS

Creditors include an amount of £ 64,302 (31.8.14 - £ 83,652 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

2

Ordinary

£1

2