Summerfield (Haulage) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00564385 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

SUMMERFIELD (HAULAGE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A L Summerfield

Mr S J Summerfield

SECRETARY:

Mr A L Summerfield

REGISTERED OFFICE:

Hill Farm

Flitwick Road

Maulden

Bedford

MK45 2BJ

REGISTERED NUMBER:

00564385 (England and Wales)

ACCOUNTANTS:

Bell and Company

Chartered Accountants

64 Harpur Street

Bedford

Bedfordshire

MK40 2ST

BANKERS:

National Westminster Bank

8 Church Street

Ampthill

Bedford

MK45 2EH

FIXED ASSETS

Tangible assets

4

-

281

CURRENT ASSETS

Debtors

5

99

931

Cash at bank

232

-

331

931

CREDITORS

Amounts falling due within one year

6

268,719

270,411

NET CURRENT LIABILITIES

(268,388

)

(269,480

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(268,388

)

(269,199

)

CAPITAL AND RESERVES

Called up share capital

7

500

500

Retained earnings

(268,888

)

(269,699

)

SHAREHOLDERS' FUNDS

(268,388

)

(269,199

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 4 December 2017 and were signed on its behalf by:

Mr A L Summerfield - Director

Mr S J Summerfield - Director

1.	STATUTORY INFORMATION

Summerfield (Haulage) Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2016

16,379

Disposals

(15,750

)

At 31 March 2017

629

DEPRECIATION

At 1 April 2016

16,098

Eliminated on disposal

(15,469

)

At 31 March 2017

629

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

281

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

VAT

99

852

Prepayments

-

79

99

931

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

-

4,737

Loan- Mrs B Summerfield

17,241

17,241

Trade creditors

67,545

62,500

Amounts owed to group undertakings

183,283

185,283

Accruals

650

650

268,719

270,411

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

500

Ordinary

£1

500

500