Kingshott Haulage Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05108442 (England and Wales)

KINGSHOTT HAULAGE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

P J Kingshott

SECRETARY:

Mrs S J Kingshott

REGISTERED OFFICE:

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

REGISTERED NUMBER:

05108442 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Intangible assets

2

10,000

11,250

Tangible assets

3

49,851

23,182

59,851

34,432

CURRENT ASSETS

Debtors

36,786

53,962

Cash at bank

64,176

47,235

100,962

101,197

CREDITORS

Amounts falling due within one year

4

100,426

83,470

NET CURRENT ASSETS

536

17,727

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,387

52,159

CREDITORS

Amounts falling due after more than
one year

4

(10,141

)

(19,009

)

PROVISIONS FOR LIABILITIES

(9,792

)

(4,365

)

NET ASSETS

40,454

28,785

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

40,354

28,685

SHAREHOLDERS' FUNDS

40,454

28,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 16th March 2017 and were signed by:

P J Kingshott - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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 reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

and 30th June 2016

25,000

AMORTISATION

At 1st July 2015

13,750

Amortisation for year

1,250

At 30th June 2016

15,000

NET BOOK VALUE

At 30th June 2016

10,000

At 30th June 2015

11,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

63,723

Additions

43,582

Disposals

(7,000

)

At 30th June 2016

100,305

DEPRECIATION

At 1st July 2015

40,541

Charge for year

16,618

Eliminated on disposal

(6,705

)

At 30th June 2016

50,454

NET BOOK VALUE

At 30th June 2016

49,851

At 30th June 2015

23,182

4.

CREDITORS

Creditors include an amount of £ 19,669 (2015 - £ 28,737 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100