WILLIAM_BROWN_HAULAGE_LTD - Accounts

WILLIAM BROWN HAULAGE LTD - Company Information

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Company Registration No. NI616796 (Northern Ireland)

WILLIAM BROWN HAULAGE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

WILLIAM BROWN HAULAGE LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

WILLIAM BROWN HAULAGE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

Notes

Fixed assets

Intangible assets

415,926

Tangible assets

214,140

630,066

Current assets

Debtors

153,835

Cash at bank and in hand

68,835

222,670

Creditors: amounts falling due within one year

(312,100)

Net current liabilities

(89,430)

Total assets less current liabilities

540,636

Creditors: amounts falling due after more than one year

(127,411)

Provisions for liabilities

(36,584)

376,641

Capital and reserves

Called up share capital

330,000

Other reserves

20,000

Profit and loss account

26,641

Shareholders' funds

376,641

WILLIAM BROWN HAULAGE LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their 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 24 October 2014

Mr W,J Brown

Director

Company Registration No. NI616796

WILLIAM BROWN HAULAGE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

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 April 2008).

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Plant and machinery

20% per annum

Fixtures, fittings & equipment

20% per annum

Motor vehicles

25% per annum

1.6

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and 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.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

WILLIAM BROWN HAULAGE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2013

229,545

Additions

462,143

64,201

526,344

Disposals

(8,430)

At 31 March 2014

462,143

285,316

747,459

Depreciation

At 1 April 2013

Charge for the year

46,217

71,176

117,393

At 31 March 2014

46,217

71,176

117,393

Net book value

At 31 March 2014

415,926

214,140

630,066

Creditors: amounts falling due within one year

Included in creditors is £66,422 owed to the Directors.

Share capital

2014

Allotted, called up and fully paid

100,000 Ordinary of £1 each

100,000

230,000 Redeemable Preference of £1 each

230,000

330,000

On 31 March 2014 the company redeemed 20,000 £1 Redeemable Preference Shares at par.