Paul Hinchliffe Transport Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05104088 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Paul Hinchliffe Transport Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

P G Hinchliffe

SECRETARY:

Mrs S P Hinchliffe

REGISTERED OFFICE:

39 Astley Hall Drive

Ramsbottom

Lancs

BL0 9DF

REGISTERED NUMBER:

05104088 (England and Wales)

ACCOUNTANTS:

Cowgill, Holloway & Co

8 -10 Bolton Street

Ramsbottom

Bury

Lancashire

BL0 9HX

FIXED ASSETS

Tangible assets

2

140,839

122,788

CURRENT ASSETS

Debtors

66,110

69,687

Cash at bank

101,348

86,904

167,458

156,591

CREDITORS

Amounts falling due within one year

134,472

86,102

NET CURRENT ASSETS

32,986

70,489

TOTAL ASSETS LESS CURRENT
LIABILITIES

173,825

193,277

CREDITORS

Amounts falling due after more than one
year

(36,833

)

(49,833

)

PROVISIONS FOR LIABILITIES

(28,168

)

(24,558

)

NET ASSETS

108,824

118,886

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

108,814

118,876

SHAREHOLDERS' FUNDS

108,824

118,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 December 2016 and were signed by:

P G Hinchliffe - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding 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.

Plant and machinery

-

25% on cost

Equipment

-

25% on cost

Motor vehicles

-

20% on cost and 10% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the

balance sheet date. Timing differences are differences between taxable profits and the results as stated in the

financial statements which arise from the inclusion of gains and losses in tax assessments in periods different

from those in which they are recognised in the financial statements.

Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding

agreement to sell the revalued asset and the resulting gain or loss has been recognised in the financial statements.

Neither is deferred tax recognised when fixed assets are sold and it is more likely than not that the taxable gain

will be rolled over, being charged tax only if and when the replacement assets are sold.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws which have been enacted or substantively

enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

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 2015

139,440

Additions

44,028

Disposals

(2,278

)

At 31 March 2016

181,190

DEPRECIATION

At 1 April 2015

16,652

Charge for year

25,808

Eliminated on disposal

(2,109

)

At 31 March 2016

40,351

NET BOOK VALUE

At 31 March 2016

140,839

At 31 March 2015

122,788

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

10

Ordinary

£1

10

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors are amounts due to the director totalling £23,288 (2015 : £39,205).

These amounts are unsecured, free of interest and repayable on demand.

During the accounting period dividends were paid to the director totalling £45,000 (2016 : £28,500).

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

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 Paul Hinchliffe Transport Limited for the year ended 31 March 2016 which comprise the Profit

and Loss Account, the Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Paul Hinchliffe Transport Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paul Hinchliffe Transport Limited and state those matters that we have agreed to state to the director of Paul Hinchliffe Transport Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Paul Hinchliffe Transport Limited 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 Paul Hinchliffe Transport Limited. You consider that Paul Hinchliffe Transport Limited 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 Paul Hinchliffe Transport Limited. 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.

Cowgill, Holloway & Co

8 -10 Bolton Street

Ramsbottom

Bury

Lancashire

BL0 9HX

13 December 2016