Prigmore Haulage Ltd - Accounts to registrar - small 17.2
Prigmore Haulage Ltd - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
Prigmore Haulage Ltd |
Unaudited Financial Statements |
For The Year Ended 31 March 2017 |
Prigmore Haulage Ltd (Registered number: 08009571) |
Contents of the Financial Statements |
For The Year Ended 31 March 2017 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Prigmore Haulage Ltd |
Company Information |
For The Year Ended 31 March 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 College Street |
Higham Ferrers |
Northamptonshire |
NN10 8DZ |
Prigmore Haulage Ltd (Registered number: 08009571) |
Balance Sheet |
31 March 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Prigmore Haulage Ltd (Registered number: 08009571) |
Balance Sheet - continued |
31 March 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the Board of Directors on by: |
Prigmore Haulage Ltd (Registered number: 08009571) |
Notes to the Financial Statements |
For The Year Ended 31 March 2017 |
1. | STATUTORY INFORMATION |
Prigmore Haulage Ltd is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Goodwill |
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 |
Plant and machinery | - |
Motor vehicles | - |
Office equipment | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Prigmore Haulage Ltd (Registered number: 08009571) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2017 |
2. | ACCOUNTING POLICIES - continued |
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 profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
AMORTISATION |
At 1 April 2016 |
Charge for year |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
Prigmore Haulage Ltd (Registered number: 08009571) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2017 |
5. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Office |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2016 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 March 2017 |
DEPRECIATION |
At 1 April 2016 |
Charge for year |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 April 2016 |
Additions |
At 31 March 2017 |
DEPRECIATION |
Charge for year |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
Prigmore Haulage Ltd (Registered number: 08009571) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2017 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Bank overdrafts |
The bank overdraft of the company has been guaranteed up to a maximum of £24,000. |
10. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £33,990 (2016 - £34,862) were paid to the directors . |
The company owes £26,002 to Mrs P Prigmore at the year end (2016 - £44,572). This amount is included within |
other creditors. |
R Prigmore owes £Nil to the company at the year end (2016 - £798). This amount is included within other |
debtors. |
Mrs P Prigmore is also the proprietor of PTS Express Direct. During the year management charges amounting to |
£6,361 (2016 - £19,612) and subcontract costs amounting to £Nil (2016 - £31,303) were paid by the company to |
PTS Express Direct. At the year end the amount of £7,099 (2016 - £34,420) was owed by the company, which is |
shown within trade creditors. Also included within other creditors is £5,000 (2016 - £Nil) as a short term loan |
which has been repaid after the year end. |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
Mrs P M Prigmore is the ultimate controlling party as she holds the majority of the issued ordinary shares in this |
company. |