Company Registration No. 06455171 (England and Wales)
JBS HAULAGE (CONTRACTORS) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
JBS HAULAGE (CONTRACTORS) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
JBS HAULAGE (CONTRACTORS) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,321,869
511,941
Current assets
Stocks
10,164
6,800
Debtors
345,060
352,474
Cash at bank and in hand
41,453
20,730
396,677
380,004
Creditors: amounts falling due within one year
(685,246)
(569,464)
Net current liabilities
(288,569)
(189,460)
Total assets less current liabilities
1,033,300
322,481
Creditors: amounts falling due after more than one year
(717,790)
(172,599)
Provisions for liabilities
(28,046)
(14,468)
287,464
135,414
Capital and reserves
Called up share capital
3
120
120
Revaluation reserve
36,350
43,462
Profit and loss account
250,994
91,832
Shareholders' funds
287,464
135,414
JBS HAULAGE (CONTRACTORS) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2016
30 November 2016
- 2 -
For the financial year ended 30 November 2016 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 9 August 2017
Mr J Whent
Mr E S Evans
Director
Director
Company Registration No. 06455171
JBS HAULAGE (CONTRACTORS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Motor vehicles
10% reducing balance on non-lease vehicles
Motor vehicles
15% on cost for leased vehicles to reflect the residual proceeds of the vehicles
1.5
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.
JBS HAULAGE (CONTRACTORS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 December 2015
1,470,574
Additions
1,092,268
Disposals
(296,701)
At 30 November 2016
2,266,141
Depreciation
At 1 December 2015
958,633
On disposals
(241,404)
Charge for the year
227,043
At 30 November 2016
944,272
Net book value
At 30 November 2016
1,321,869
At 30 November 2015
511,941
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
120 Ordinary shares of £1 each
120
120
4
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
E Evans
-
(31,773)
5
-
-
(31,768)
J Whent
-
4,686
-
-
4,564
122
(27,087)
5
-
4,564
(31,646)
2016-11-302015-12-01falsetruetruetruetruetruetmp35D5.html2017-08-09064551712015-12-012016-11-30064551712016-11-30064551712015-11-30064551712015-11-3006455171uk-bus:Director12015-12-012016-11-3006455171uk-bus:Director32015-12-012016-11-3006455171uk-gaap:PlantMachinery2015-12-012016-11-3006455171uk-gaap:MotorVehicles2015-12-012016-11-3006455171uk-gaap:OtherTangibleFixedAssets2015-12-012016-11-3006455171uk-bus:OrdinaryShareClass12015-12-012016-11-3006455171uk-bus:OrdinaryShareClass12016-11-3006455171uk-bus:OrdinaryShareClass12015-11-30xbrli:purexbrli:sharesiso4217:GBP
