Charles Jay Haulage Limited Accounts

CHARLES JAY HAULAGE LTD - Company Information

Company No. 08766993






Charles Jay Haulage Limited
Abbreviated Accounts
31 May 2016

at	31 May 2016

		Notes	2016	2015
			£	£
Fixed assets

	Tangible assets	2	564	339

			564	339
Current assets
	Stocks		81,350	25,660
	Debtors		106,223	53,612

	Cash at bank and in hand		20,783	28,509
			208,356	107,781
Creditors: Amounts falling due within one year			(241,816)	(99,691)
Net current (liabilities)/assets			(33,460)	8,090
Total assets less current liabilities			(32,896)	8,429




Net (liabilities)/assets			(32,896)	8,429

Capital and reserves
	Called up share capital	3	100	100



	Profit and loss account		(32,996)	8,329

Shareholder's funds			(32,896)	8,429

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the period ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 28 February 2017

And signed on its behalf by:

C. Hogan
Director
28 February 2017

for the period ended 31 May 2016

Accounting policies

Basis of preparation

At the balance sheet date, the company's liabilities exceeds its assets. The directors of the company have sought assurance from the creditors that their debts will not be called in within the next twelve months. The directors have therefore deemed it appropriate that the financial statements be prepared on the going concern basis.

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Furniture, fittings and equipment

25% Reducing balance

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a 'finance lease'. Assets held under finance leases, or hire purchase contracts, are recorded in the balance sheet as tangible fixed assets and depreciated over their estimated useful lives or the term of the finance lease or hire purchase contract, whichever is shorter. Future instalments under such finance leases or hire purchase contracts, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments.

All other leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 1 May 2015	525	525
	Additions	317	317



	At 31 May 2016	842	842
	Amortisation
	At 1 May 2015	186	186
	Charge for the year	92	92



	At 31 May 2016	278	278
	Net book values
	At 31 May 2016	564	564
	At 30 April 2015	339	339

3	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	1.00	100	100	100




				100	100

4	Advances and credits to directors
	Included within Other debtors are the following loans to directors:

	Director	Description	At 1 May 2015	Advanced	Repaid	At 31 May 2016
			£	£	£	£
	C. Hogan	Directors Loan Account	4,471	10,662	-	15,133







































			4,471	10,662	-	15,133