Registered number
03471797
C.M.A. Haulage Limited
Filleted Accounts
30 November 2023
C.M.A. Haulage Limited
Registered number: 03471797
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 254,000 256,000
Current assets
Debtors 4 79,826 60,384
Cash at bank and in hand 27,647 11,560
107,473 71,944
Creditors: amounts falling due within one year 5 (122,896) (103,088)
Net current liabilities (15,423) (31,144)
Total assets less current liabilities 238,577 224,856
Creditors: amounts falling due after more than one year 6 (97,621) (88,319)
Provisions for liabilities (23,670) (23,670)
Net assets 117,286 112,867
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 11,959 -
Profit and loss account 105,227 112,767
Shareholder's funds 117,286 112,867
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 21 August 2024
C.M.A. Haulage Limited
Notes to the Accounts
for the year ended 30 November 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 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 5 years
Motor vehicles over 5 years
The director has valued the vehicle fleet at £254,000 at the balance sheet date, in recognition of the fact that in recent years due to supply problems used vehicles have appreciated in value.
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 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 7,861 386,435 394,296
Additions - 102,895 102,895
Surplus on revaluation - 11,959 11,959
Disposals - (164,019) (164,019)
At 30 November 2023 7,861 337,270 345,131
Depreciation
At 1 December 2022 7,861 130,435 138,296
Charge for the year - 43,373 43,373
On disposals - (90,538) (90,538)
At 30 November 2023 7,861 83,270 91,131
Net book value
At 30 November 2023 - 254,000 254,000
At 30 November 2022 - 256,000 256,000
4 Debtors 2023 2022
£ £
Trade debtors 71,206 50,630
Other debtors 8,620 9,754
79,826 60,384
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 1,466
Obligations under finance lease and hire purchase contracts 47,369 35,888
Trade creditors 45,461 27,826
Taxation and social security costs 23,853 24,395
Other creditors 6,213 13,513
122,896 103,088
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 13,632 18,520
Obligations under finance lease and hire purchase contracts 83,989 69,799
97,621 88,319
7 Revaluation reserve 2023 2022
£ £
At 1 December 2022 - 30,528
Gain/(loss) on revaluation of vehicle fleet 11,959 (30,528)
At 30 November 2023 11,959 -
8 Related party transactions
Dividends amounting to £26,148 were payable to the director.
9 Controlling party
The company is controlled by the director and shareholder Mr E. A. Allday.
10 Other information
C.M.A. Haulage Limited is a private company limited by shares and incorporated in England. Its registered office is:
Beacon Hill Ind Est
Botany Way
Purfleet
Essex
RM19 1SR
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