Company Registration No. 07710783 (England and Wales)
A C COMMERCIAL HAULAGE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
A C COMMERCIAL HAULAGE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A C COMMERCIAL HAULAGE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
28,053
12,657
Current assets
Debtors
35,639
17,744
Cash at bank and in hand
6,929
14,716
42,568
32,460
Creditors: amounts falling due within one year
(55,691)
(42,379)
Net current liabilities
(13,123)
(9,919)
Total assets less current liabilities
14,930
2,738
Creditors: amounts falling due after more than one year
(10,339)
-
4,591
2,738
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
4,590
2,737
Shareholder's funds
4,591
2,738
For the financial Year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 January 2017
Mr A C Davis
Director
Company Registration No. 07710783
A C COMMERCIAL HAULAGE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
- 33% straight line
Motor vehicles
- 25% reducing balance
1.5
Hire purchase commitments
Assets obtained under hire purchase contracts are capitalised as tangible assets and depreciated their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015
34,000
Additions
24,778
At 30 April 2016
58,778
Depreciation
At 1 May 2015
21,343
Charge for the period
9,382
At 30 April 2016
30,725
Net book value
At 30 April 2016
28,053
At 30 April 2015
12,657
A C COMMERCIAL HAULAGE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1
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