Paul Hawkins Haulage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04594146

Paul Hawkins Haulage Limited

Unaudited Financial Statements

for the Year Ended 30 November 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R P Hawkins

Mrs A Hawkins

SECRETARY:

Mrs A Hawkins

REGISTERED OFFICE:

33 Chester Road West

Queensferry

Deeside

Flintshire

CH5 1SA

REGISTERED NUMBER:

04594146

ACCOUNTANTS:

Henry R. Davis & Co. Limited

Chartered Accountants

33 Chester Road West

Queensferry

Deeside

Flintshire

CH5 1SA

FIXED ASSETS

Intangible assets

4

5,140

6,151

Tangible assets

5

136,692

195,527

141,832

201,678

CURRENT ASSETS

Debtors

6

67,441

125,191

Cash at bank

13,935

141

81,376

125,332

CREDITORS

Amounts falling due within one year

7

82,002

112,795

NET CURRENT (LIABILITIES)/ASSETS

(626

)

12,537

TOTAL ASSETS LESS CURRENT LIABILITIES

141,206

214,215

CREDITORS

Amounts falling due after more than one year

8

(45,333

)

(62,666

)

PROVISIONS FOR LIABILITIES

(24,860

)

(37,857

)

NET ASSETS

71,013

113,692

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

71,011

113,690

SHAREHOLDERS' FUNDS

71,013

113,692

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 5 June 2018 and were signed on its behalf by:

Mr R P Hawkins - Director

Mrs A Hawkins - Director

1.	STATUTORY INFORMATION

Paul Hawkins Haulage Limited is a private company, limited by shares , registered in Not specified/Other. 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 represents net invoiced services, excluding value added tax

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 4% on 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

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 5 (2016 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2016

and 30 November 2017

30,000

AMORTISATION

At 1 December 2016

23,849

Charge for year

1,011

At 30 November 2017

24,860

NET BOOK VALUE

At 30 November 2017

5,140

At 30 November 2016

6,151

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

393,325

Additions

13,291

Disposals

(75,007

)

At 30 November 2017

331,609

DEPRECIATION

At 1 December 2016

197,798

Charge for year

43,161

Eliminated on disposal

(46,042

)

At 30 November 2017

194,917

NET BOOK VALUE

At 30 November 2017

136,692

At 30 November 2016

195,527

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 December 2016

and 30 November 2017

169,500

DEPRECIATION

At 1 December 2016

55,031

Charge for year

28,617

At 30 November 2017

83,648

NET BOOK VALUE

At 30 November 2017

85,852

At 30 November 2016

114,469

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

66,019

116,485

Other debtors

1,422

8,706

67,441

125,191

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Bank loans and overdrafts

-

6,349

Hire purchase contracts

17,333

32,000

Trade creditors

27,044

39,585

Taxation and social security

34,830

32,361

Other creditors

2,795

2,500

82,002

112,795

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

£

£

Hire purchase contracts

45,333

62,666