Humber Ports Logistics Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07898422 (England and Wales)

Humber Ports Logistics Limited

Unaudited Financial Statements for the Year Ended 30th September 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Benton

S W Benton

REGISTERED OFFICE:

Lancaster Approach

North Killingholme

Immingham

N E Lincolnshire

DN40 3JZ

REGISTERED NUMBER:

07898422 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

271,393

200,000

Investments

5

1,480,820

1,496,279

1,752,213

1,696,279

CURRENT ASSETS

Debtors

6

1,139,280

476,785

Cash at bank

23,394

67,283

1,162,674

544,068

CREDITORS

Amounts falling due within one year

7

1,198,061

489,881

NET CURRENT (LIABILITIES)/ASSETS

(35,387

)

54,187

TOTAL ASSETS LESS CURRENT LIABILITIES

1,716,826

1,750,466

CREDITORS

Amounts falling due after more than one year

8

(1,623,875

)

(1,619,068

)

PROVISIONS FOR LIABILITIES

(23,588

)

(32,541

)

NET ASSETS

69,363

98,857

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

69,263

98,757

SHAREHOLDERS' FUNDS

69,363

98,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 30th May 2018 and were signed on its behalf by:

J Benton - Director

S W Benton - Director

1.	STATUTORY INFORMATION

Humber Ports Logistics 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 etc

-

25% on reducing balance and 20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st October 2016

302,819

Additions

143,907

At 30th September 2017

446,726

DEPRECIATION

At 1st October 2016

102,819

Charge for year

72,514

At 30th September 2017

175,333

NET BOOK VALUE

At 30th September 2017

271,393

At 30th September 2016

200,000

The net book value of fixed assets includes £216,263 (2016 £184,923) in respect of assets held under

hire purchase contracts.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st October 2016

1,496,279

Revaluation adjustment

(15,459

)

At 30th September 2017

1,480,820

NET BOOK VALUE

At 30th September 2017

1,480,820

At 30th September 2016

1,496,279

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as

restated

£

£

Trade debtors

980,248

451,178

Other debtors

159,032

25,607

1,139,280

476,785

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as

restated

£

£

Bank loans and overdrafts

20,000

85,321

Hire purchase contracts

62,890

59,038

Trade creditors

150,575

272,706

Amounts owed to group undertakings

358,574

40,109

Taxation and social security

67,506

32,707

Other creditors

538,516

-

1,198,061

489,881

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

as

restated

£

£

Bank loans

28,333

48,333

Hire purchase contracts

111,105

89,456

Amounts owed to group undertakings

1,484,437

1,481,279

1,623,875

1,619,068

9.	SECURED DEBTS

Included within creditors are liabilities of £587,835 which are secured by fixed and floating charges on

all of the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

as restated

£

£

100

Ordinary shares

1

100

100

11.	FINANCIAL COMMITMENTS

The company has total operating lease commitments amounting to £1,813,451. Included within the

total commitment are operating lease commitments due within one year of £873,495.

12.	ULTIMATE PARENT COMPANY

Humber Ports Holding Limited is the company's ultimate parent undertaking. Copies of Humber Ports

Holding Limited's financial statements can be obtained from Companies House.

13.	FIRST TIME ADOPTION FRS 102 1A

The company has adopted FRS 102 1A for the first time during the year ended 30 September 2017

and consequently its transition date is 1 October 2015. The adoption of FRS 102 1A did not

necessitate any changes in accounting policies or in the figures reported in the accounts in previous

years.