Registered number
03471797
C.M.A. Haulage Limited
Filleted Accounts
30 November 2021
C.M.A. Haulage Limited
Registered number: 03471797
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 174,492 124,580
Current assets
Debtors 4 55,072 86,311
Cash at bank and in hand 41,468 28,288
96,540 114,599
Creditors: amounts falling due within one year 5 (92,584) (97,862)
Net current assets 3,956 16,737
Total assets less current liabilities 178,448 141,317
Creditors: amounts falling due after more than one year 6 (38,011) (54,453)
Provisions for liabilities (23,670) (23,670)
Net assets 116,767 63,194
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 30,528 -
Profit and loss account 86,139 63,094
Shareholder's funds 116,767 63,194
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E. A. Allday
Director
Approved by the board on 11 August 2022
C.M.A. Haulage Limited
Notes to the Accounts
for the year ended 30 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery over 7 years
Motor vehicles over 7 years
In the director's opinion the residual value of the motor vehicles at the balance sheet date amounted to £174,000. The accounts therefore include a revaluaton of the fleet to that sum.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2020 7,861 262,784 270,645
Additions - 33,950 33,950
Surplus on revaluation - 30,528 30,528
Disposals - (24,125) (24,125)
At 30 November 2021 7,861 303,137 310,998
Depreciation
At 1 December 2020 7,282 138,783 146,065
Charge for the year 87 5,479 5,566
On disposals - (15,125) (15,125)
At 30 November 2021 7,369 129,137 136,506
Net book value
At 30 November 2021 492 174,000 174,492
At 30 November 2020 579 124,001 124,580
4 Debtors 2021 2020
£ £
Trade debtors 55,072 86,311
5 Creditors: amounts falling due within one year 2021 2020
£ £
Bank loans and overdrafts 7,019 -
Obligations under finance lease and hire purchase contracts 8,990 7,329
Trade creditors 30,974 37,420
Taxation and social security costs 44,691 42,395
Other creditors 910 10,718
92,584 97,862
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 23,225 37,116
Obligations under finance lease and hire purchase contracts 14,786 17,337
38,011 54,453
7 Revaluation reserve 2021 2020
£ £
Gain on revaluation of motor vehicle fleet 30,528 -
At 30 November 2021 30,528 -
8 Loans from directors
Description and conditions B/fwd Introduced Withdrawn C/fwd
£ £ £ £
E. A. Allday
Amount due to the director at the balance sheet date 718 192 - 910
718 192 - 910
9 Related party transactions
Dividends amounting to £12,673 were pyable to the director.
10 Controlling party
The company is controlled by its director Mr E. A. Allday who is the sole shareholder.
11 Other information
C.M.A. Haulage Limited is a private company limited by shares and incorporated in England. Its registered office is:
Beacon Hill Industrial Estate
Botany Way
Purfleet
Essex
RM19 1SR
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