Haartz Tanker Rental Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05425016 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

HAARTZ TANKER RENTAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T J B Heaton

J P B Heaton

SECRETARY:

Mrs M L R Heaton

REGISTERED OFFICE:

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

REGISTERED NUMBER:

05425016 (England and Wales)

ACCOUNTANTS:

McLintocks Limited

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Tangible assets

2

3,806,681

2,888,663

CURRENT ASSETS

Debtors

245,255

134,897

Cash at bank

492,892

282,129

738,147

417,026

CREDITORS

Amounts falling due within one year

3

1,039,495

970,939

NET CURRENT LIABILITIES

(301,348

)

(553,913

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,505,333

2,334,750

CREDITORS

Amounts falling due after more than one year

3

(2,157,896

)

(1,240,075

)

PROVISIONS FOR LIABILITIES

(241,789

)

(171,374

)

NET ASSETS

1,105,648

923,301

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

1,105,638

923,291

SHAREHOLDERS' FUNDS

1,105,648

923,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 25 September 2014 and were signed on its behalf by:

T J B Heaton - 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 the value of goods supplied and services provided during the year,

exclusive of value added tax.

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.

Tanker fleet

-

at varying rates on cost

Plant & machinery

-

12.5% on cost

Office equipment

-

at varying rates on cost

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.

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 the profit and loss account in the period to which

they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

4,288,659

Additions

1,713,189

Disposals

(845,555

)

At 31 March 2014

5,156,293

DEPRECIATION

At 1 April 2013

1,399,996

Charge for year

469,827

Eliminated on disposal

(520,211

)

At 31 March 2014

1,349,612

NET BOOK VALUE

At 31 March 2014

3,806,681

At 31 March 2013

2,888,663

3.

CREDITORS

Creditors include an amount of £ 2,706,079 (2013 - £ 1,692,473 ) for which security has

been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

323,624

109,560

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

950

Ordinary

£0.01

10

10