REGISTERED NUMBER: |
ACH HAULAGE LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
REGISTERED NUMBER: |
ACH HAULAGE LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
ACH HAULAGE LIMITED (REGISTERED NUMBER: 09442512) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 | to | 5 |
ACH HAULAGE LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Delandale House |
37 Old Dover Road |
Canterbury |
Kent |
CT1 3JF |
ACH HAULAGE LIMITED (REGISTERED NUMBER: 09442512) |
STATEMENT OF FINANCIAL POSITION |
28 FEBRUARY 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
ACH HAULAGE LIMITED (REGISTERED NUMBER: 09442512) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
1. | STATUTORY INFORMATION |
ACH Haulage Limited is a |
registered number and registered office address can be found on the Company Information page. |
The business trading address is Brook Farm, Staple Road, Canterbury, Kent, CT3 1LP. |
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. |
The financial statements are produced in sterling (£) which is also the functional currency for the company and |
rounded to the nearest £1. |
The significant accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
After reviewing the company's forecasts and projections and taking into account the economic conditions and |
possible changes in trading performance, the directors of the company have a reasonable expectation that the |
company has adequate resources to continue in operational existence for the foreseeable future. The |
company therefore continues to adopt the going concern basis in preparing its financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value |
added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
Rendering of services |
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
The stage of completion of a contract is measured by comparing the costs incurred for work performed to date |
to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when |
the outcome of a contract cannot be estimated reliably. |
Interest income |
Interest income is recognised using the effective interest method. |
Goodwill |
Tangible fixed assets |
Plant and machinery | - |
Computer equipment | - |
Trade and other payables |
Trade and other payables are measured at their transaction price unless the arrangement constitutes a |
financing transaction in which case the transaction is measured at present value of future payments |
discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net |
of their transaction costs. They are subsequently measured at amortised cost using the effective interest |
method. |
ACH HAULAGE LIMITED (REGISTERED NUMBER: 09442512) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current |
or past reporting periods using tax rates that have been enacted or substantively enacted by the reporting |
date. |
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and |
other deferred tax assets are recognised only to the extent that it is probable that they will be recovered |
against future taxable profits or against the reversal of deferred tax liabilities. |
Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting |
date that are expected to apply to the reversal of the timing difference. |
Hire purchase and leasing commitments |
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over |
the lease term. Lease incentives are recognised over the lease term on a straight line basis. |
Provisions |
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to |
the balance sheet date and that a payment will be required in settlement that can be estimated reliably. |
Where material, provisions are calculated on a discounted basis. |
Financial instruments |
Financial instruments are classified, and accounted for, according to the substance of the contractual |
arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any |
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Trade and other receivables |
Trade and other receivables are measured at transaction price less any impairment unless the arrangement |
constitutes a financing transaction in which case the transaction is measured at the present value of the future |
receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are |
subsequently measured at amortised cost using the effective interest method less any impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 March 2017 |
and 28 February 2018 |
AMORTISATION |
At 1 March 2017 |
Amortisation for year |
At 28 February 2018 |
NET BOOK VALUE |
At 28 February 2018 |
At 28 February 2017 |
ACH HAULAGE LIMITED (REGISTERED NUMBER: 09442512) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
5. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 March 2017 |
Disposals | ( |
) | ( |
) |
At 28 February 2018 |
DEPRECIATION |
At 1 March 2017 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 28 February 2018 |
NET BOOK VALUE |
At 28 February 2018 |
At 28 February 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Specific bad debt provisions | (48 | ) | - |
Deferred tax asset |
Tax losses carried forward |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
8. | RELATED PARTY DISCLOSURES |
A C Hulme Discretionary Will Trust holds a participating interest in ACH Haulage Limited. There is a balance of |
£50,000 borrowed from the Trust included in creditors falling due within one year. The loan is interest-free |
and repayable on demand. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is |