P and B Aggregate - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04806944 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

P & B AGGREGATE

& CONCRETE HAULAGE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C P Fanciulli

REGISTERED OFFICE:

4 Green Lane Buisness Park

238 Green Lane

New Eltham

London

SE9 3TL

REGISTERED NUMBER:

04806944 (England and Wales)

ACCOUNTANTS:

Bayar Hughes & Co Ltd

Chartered Certified Accountants

4 Green Lane Business Park

238 Green Lane

New Eltham

London

SE9 3TL

FIXED ASSETS

Intangible assets

4

33,600

36,400

Tangible assets

5

926

9,485

34,526

45,885

CURRENT ASSETS

Debtors

6

12,961

26,718

Cash at bank

8,120

6,789

21,081

33,507

CREDITORS

Amounts falling due within one year

7

17,605

17,842

NET CURRENT ASSETS

3,476

15,665

TOTAL ASSETS LESS CURRENT LIABILITIES

38,002

61,550

CREDITORS

Amounts falling due after more than one year

8

40,000

61,000

NET (LIABILITIES)/ASSETS

(1,998

)

550

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,098

)

450

SHAREHOLDERS' FUNDS

(1,998

)

550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 2 June 2017 and were signed by:

Mr C P Fanciulli - Director

1.	STATUTORY INFORMATION

P & B Aggregate & Concrete Haulage Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and

trade discounts.

Goodwill

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of

its separable net assets. It is being written off in equal annual instalments over its estimated economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and Machinery

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

70,000

AMORTISATION

At 1 January 2016

33,600

Amortisation for year

2,800

At 31 December 2016

36,400

NET BOOK VALUE

At 31 December 2016

33,600

At 31 December 2015

36,400

5.	TANGIBLE FIXED ASSETS

Plant and

Machinery

£

COST

At 1 January 2016

15,939

Disposals

(11,000

)

At 31 December 2016

4,939

DEPRECIATION

At 1 January 2016

6,454

Charge for year

309

Eliminated on disposal

(2,750

)

At 31 December 2016

4,013

NET BOOK VALUE

At 31 December 2016

926

At 31 December 2015

9,485

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

11,211

19,844

Other debtors

-

5,001

Tax

-

805

VAT

-

251

Prepayments and accrued income

1,750

817

12,961

26,718

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Taxation and social security

2,155

-

Other creditors

15,450

17,842

17,605

17,842

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Other creditors

40,000

61,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors falling due within one year and falling due in more than one year, are amounts of £13,790

(2015:£15,962) and £61,000 (2015:£61,000) respectively, in relation to amounts payable to the director. These

represent an interest free loan and the director undertakes not to draw down on the loan until such time as to do so,

will not inhibit the company's ability to trade.

10.	ULTIMATE CONTROLLING PARTY

In the opinion of the director, Mr C Fanciulli, who hold 70% of the company's share is the company's ultimate

controller.