C.B.G. Transport Ltd - Abbreviated accounts 16.1

C.B.G. Transport Ltd - Abbreviated accounts 16.1

C.B.G. TRANSPORT LTD - Company Information

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REGISTERED NUMBER: 04312044 (England and Wales)















C.B.G. TRANSPORT LTD

Abbreviated Unaudited Accounts

for the Year Ended 29 February 2016






C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044)

Contents of the Abbreviated Accounts
for the year ended 29 February 2016










Page

Company Information 1

Chartered Certified Accountants' Report 2

Abbreviated Balance Sheet 3 to 4

Notes to the Abbreviated Accounts 5 to 8

C.B.G. TRANSPORT LTD

Company Information
for the year ended 29 February 2016







DIRECTORS: N P Cummings
C Hartwell
C Cummings





SECRETARY: C Cummings





REGISTERED OFFICE: Birmingham Road
Blackminster
Evesham
Worcestershire
WR11 7TD





REGISTERED NUMBER: 04312044 (England and Wales)





ACCOUNTANTS: Haines Watts Worcester Limited
Chartered Certified Accountants
Britannia Court
5 Moor Street
WORCESTER
WR1 3DB
Page 1
Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
C.B.G. Transport Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to eight)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of C.B.G. Transport Ltd for the year ended 29 February 2016 which comprise the Income
Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of C.B.G. Transport Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C.B.G. Transport Ltd and state those matters that we have agreed to state to the Board of Directors of C.B.G. Transport Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C.B.G. Transport Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C.B.G. Transport Ltd. You consider that C.B.G. Transport Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C.B.G. Transport Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts Worcester Limited
Chartered Certified Accountants
Britannia Court
5 Moor Street
WORCESTER
WR1 3DB


22 June 2016

This page does not form part of the abbreviated accounts

Page 2
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044)

Abbreviated Balance Sheet
29 February 2016

29.2.16 28.2.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 128,854 55,376
Investments 4 216 1,226
Investment property 5 152,649 152,649
281,719 209,251

CURRENT ASSETS
Debtors 418,333 374,700
Cash at bank and in hand 233,826 165,547
652,159 540,247
CREDITORS
Amounts falling due within one year 6 323,403 231,520
NET CURRENT ASSETS 328,756 308,727
TOTAL ASSETS LESS CURRENT
LIABILITIES
610,475
517,978

CREDITORS
Amounts falling due after more than one
year
6
(78,196
)
-

PROVISIONS FOR LIABILITIES (17,760 ) (11,075 )
NET ASSETS 514,519 506,903

CAPITAL AND RESERVES
Called up share capital 7 90 90
Retained earnings 514,429 506,813
SHAREHOLDERS' FUNDS 514,519 506,903

The notes form part of these abbreviated accounts

Page 3 continued...
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044)

Abbreviated Balance Sheet - continued
29 February 2016


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 22 June 2016 and were signed on its behalf by:




N P Cummings - Director



C Hartwell - Director


The notes form part of these abbreviated accounts

Page 4
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044)

Notes to the Abbreviated Accounts
for the year ended 29 February 2016


1. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The
financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated. The company
adopted FRS 102 in the current year and reconciliations of how the transition to FRS 102 has affected the
reported financial position and performance is shown on pages 18 to 20.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements,
as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

• the requirements of Section 7 Statement of Cash Flows.

Turnover
Turnover represents the net invoiced provision of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002 has been amortised
evenly over its estimated useful life of 10 years. At the 29 February 2016 Goodwill had been fully amortised
(2015 - fully amortised)

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Page 5 continued...
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044)

Notes to the Abbreviated Accounts - continued
for the year ended 29 February 2016


1. ACCOUNTING POLICIES - continued

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.

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 profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on a going concern basis and no material uncertainties exist that
impact on the company's ability to trade.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 50,000
AMORTISATION
At 1 March 2015
and 29 February 2016 50,000
NET BOOK VALUE

At 29 February 2016 -
At 28 February 2015 -

Page 6 continued...
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044)

Notes to the Abbreviated Accounts - continued
for the year ended 29 February 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015 96,016
Additions 89,123
At 29 February 2016 185,139
DEPRECIATION
At 1 March 2015 40,640
Charge for year 15,645
At 29 February 2016 56,285
NET BOOK VALUE
At 29 February 2016 128,854
At 28 February 2015 55,376

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 March 2015
and 29 February 2016 9,482
PROVISIONS
At 1 March 2015 8,256
Charge for year 1,010
At 29 February 2016 9,266
NET BOOK VALUE
At 29 February 2016 216
At 28 February 2015 1,226

Page 7 continued...
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044)

Notes to the Abbreviated Accounts - continued
for the year ended 29 February 2016


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2015
and 29 February 2016 152,649
NET BOOK VALUE
At 29 February 2016 152,649
At 28 February 2015 152,649

6. CREDITORS

Creditors include an amount of £ 98,196 (28.2.15 - £ 12,967 ) for which security has been given.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.16 28.2.15
value: £    £   
90 Ordinary £1 90 90

Page 8