Registered number
13268490
Adrian Davis Haulage Ltd
Filleted Accounts
31 March 2023
Adrian Davis Haulage Ltd
Company Information
Directors
A S Davis
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
18 Wood Road
Mile End
Coleford
Glos
Registered number
13268490
Adrian Davis Haulage Ltd
Registered number: 13268490
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 8,000 9,000
Tangible assets 4 14,890 22,335
22,890 31,335
Current assets
Debtors 5 1,472 18,227
Cash at bank and in hand 41,849 36,140
43,321 54,367
Creditors: amounts falling due within one year 6 (4,853) (16,205)
Net current assets 38,468 38,162
Total assets less current liabilities 61,358 69,497
Creditors: amounts falling due after more than one year 7 (24,640) (31,501)
Net assets 36,718 37,996
Capital and reserves
Called up share capital 100 100
Profit and loss account 36,618 37,896
Shareholders' funds 36,718 37,996
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
A S Davis
Director
Approved by the board on 30 November 2023
Adrian Davis Haulage Ltd
Notes to the Accounts
for the year ended 31 March 2023
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles over 4 years
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 10,000
At 31 March 2023 10,000
Amortisation
At 1 April 2022 1,000
Provided during the year 1,000
At 31 March 2023 2,000
Net book value
At 31 March 2023 8,000
At 31 March 2022 9,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2022 1,200 28,580 29,780
At 31 March 2023 1,200 28,580 29,780
Depreciation
At 1 April 2022 300 7,145 7,445
Charge for the year 300 7,145 7,445
At 31 March 2023 600 14,290 14,890
Net book value
At 31 March 2023 600 14,290 14,890
At 31 March 2022 900 21,435 22,335
5 Debtors 2023 2022
£ £
Trade debtors - 18,227
Other debtors 1,472 -
1,472 18,227
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 198
Taxation and social security costs 2,853 6,618
Other creditors 2,000 9,389
4,853 16,205
7 Creditors: amounts falling due after one year 2023 2022
£ £
Directors loan 24,640 31,501
8 Controlling party
The company is controlled by the director.
9 Other information
Adrian Davis Haulage Ltd is a private company limited by shares and incorporated in England. Its registered office is:
18 Wood Road
Mile End
Coleford
Glos
Adrian Davis Haulage Ltd 13268490 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 No description of principal activity 13268490 2021-03-15 2022-03-31 13268490 core:WithinOneYear 2022-03-31 13268490 core:AfterOneYear 2022-03-31 13268490 core:ShareCapital 2022-03-31 13268490 core:RetainedEarningsAccumulatedLosses 2022-03-31 13268490 2022-04-01 2023-03-31 13268490 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13268490 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13268490 bus:Director1 2022-04-01 2023-03-31 13268490 1 2022-04-01 2023-03-31 13268490 2 2022-04-01 2023-03-31 13268490 core:Goodwill 2022-04-01 2023-03-31 13268490 core:PlantMachinery 2022-04-01 2023-03-31 13268490 core:Vehicles 2022-04-01 2023-03-31 13268490 countries:England 2022-04-01 2023-03-31 13268490 bus:FRS102 2022-04-01 2023-03-31 13268490 bus:FullAccounts 2022-04-01 2023-03-31 13268490 2023-03-31 13268490 core:WithinOneYear 2023-03-31 13268490 core:AfterOneYear 2023-03-31 13268490 core:ShareCapital 2023-03-31 13268490 core:RetainedEarningsAccumulatedLosses 2023-03-31 13268490 core:Goodwill 2023-03-31 13268490 core:PlantMachinery 2023-03-31 13268490 core:Vehicles 2023-03-31 13268490 2022-03-31 13268490 core:Goodwill 2022-03-31 13268490 core:PlantMachinery 2022-03-31 13268490 core:Vehicles 2022-03-31 iso4217:GBP xbrli:pure