Abbreviated Company Accounts - MV HAULAGE (SUSSEX) LIMITED

Abbreviated Company Accounts - MV HAULAGE (SUSSEX) LIMITED

MV HAULAGE (SUSSEX) LIMITED - Company Information

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Registered Number 09033213

MV HAULAGE (SUSSEX) LIMITED

Abbreviated Accounts

31 May 2016

MV HAULAGE (SUSSEX) LIMITED Registered Number 09033213

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 183,668 70,634
183,668 70,634
Current assets
Debtors 122,394 31,032
Cash at bank and in hand 83,514 44,661
205,908 75,693
Creditors: amounts falling due within one year (122,078) (62,385)
Net current assets (liabilities) 83,830 13,308
Total assets less current liabilities 267,498 83,942
Creditors: amounts falling due after more than one year (106,898) (40,173)
Total net assets (liabilities) 160,600 43,769
Capital and reserves
Called up share capital 1 1
Profit and loss account 160,599 43,768
Shareholders' funds 160,600 43,769
  • For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 June 2016

And signed on their behalf by:
M Verbeeten, Director

MV HAULAGE (SUSSEX) LIMITED Registered Number 09033213

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% straight line
Motor vehicles 25% straight line

2Tangible fixed assets
£
Cost
At 1 June 2015 88,292
Additions 181,350
Disposals (28,000)
Revaluations -
Transfers -
At 31 May 2016 241,642
Depreciation
At 1 June 2015 17,658
Charge for the year 45,916
On disposals (5,600)
At 31 May 2016 57,974
Net book values
At 31 May 2016 183,668
At 31 May 2015 70,634