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Unaudited Financial Statements |
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for the Year Ended 31 August 2019 |
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for |
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Accolade Logistics Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 August 2019 |
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for |
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Accolade Logistics Ltd |
Accolade Logistics Ltd (Registered number: 03800818) |
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Contents of the Financial Statements |
for the year ended 31 August 2019 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Accolade Logistics Ltd |
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Company Information |
for the year ended 31 August 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
22-28 Willow Street |
Accrington |
Lancashire |
BB5 1LP |
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BANKERS: |
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St James Street |
Accrington |
Lancashire |
BB5 1NB |
Accolade Logistics Ltd (Registered number: 03800818) |
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Abridged Balance Sheet |
31 August 2019 |
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31/8/19 | 31/8/18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Revaluation reserve | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Accolade Logistics Ltd (Registered number: 03800818) |
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Abridged Balance Sheet - continued |
31 August 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Accolade Logistics Ltd (Registered number: 03800818) |
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Notes to the Financial Statements |
for the year ended 31 August 2019 |
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1. | STATUTORY INFORMATION |
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Accolade Logistics Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis. The company has net current liabilities in |
the previous financial year. The company is reliant on the continued financial support of the director. No |
adjustments have been made that may have been found necessary if any other basis of preparation had been used. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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The company provides a haulage service to its customers. Revenue is recognised in the accounting period in |
which the services are rendered when the outcome of contract can be estimated reliably. The company uses the |
percentage of completion method based on the actual service performed as a percentage of the total services to |
be provided. |
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Goodwill |
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Tangible fixed assets |
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Short leasehold | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Financial instruments |
Basic financial assets, including trade and other receivables, cash and bank balances and investments in |
commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing |
transaction, where the transaction is measured at the present value of the future receipts discounted at a market |
rate of interest. |
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies |
and preference shares that are classified as debt, are initially recognised at transaction price, unless the |
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the |
future receipts discounted at a market rate of interest. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Accolade Logistics Ltd (Registered number: 03800818) |
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Notes to the Financial Statements - continued |
for the year ended 31 August 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 September 2018 |
and 31 August 2019 |
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AMORTISATION |
At 1 September 2018 |
and 31 August 2019 |
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NET BOOK VALUE |
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At 31 August 2019 |
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At 31 August 2018 |
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Accolade Logistics Ltd (Registered number: 03800818) |
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Notes to the Financial Statements - continued |
for the year ended 31 August 2019 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 September 2018 |
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Additions |
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Disposals | ( |
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At 31 August 2019 |
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DEPRECIATION |
At 1 September 2018 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 August 2019 |
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NET BOOK VALUE |
At 31 August 2019 |
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At 31 August 2018 |
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6. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST OR VALUATION |
At 1 September 2018 | 5 |
Disposals | (5 | ) |
At 31 August 2019 | - |
NET BOOK VALUE |
At 31 August 2019 | - |
At 31 August 2018 | 5 |
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Cost or valuation at 31 August 2019 is represented by: |
Totals |
£ |
Valuation in 2010 | 5 |
Valuation in 2019 | (5 | ) |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/8/19 | 31/8/18 |
value: | £ | £ |
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Ordinary | £1 | 4,000 | 4,000 |
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All the share types rank pari passu except for entitlement to dividends. Dividends may be declared and paid on |
each type of share separately of the other types. |
Accolade Logistics Ltd (Registered number: 03800818) |
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Notes to the Financial Statements - continued |
for the year ended 31 August 2019 |
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8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 September 2018 |
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Revaluation | (5 | ) |
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At 31 August 2019 |
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9. | RELATED PARTY DISCLOSURES |
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During the year dividends of £91,382 were paid to Bowker Developments Ltd. At the year end the company |
owed Bowker Developments Ltd £1,393,962. |
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During the year dividends of £91,382 were paid to SDI Investments Ltd. At the year end the company owed SDI |
Investments Ltd £1,378,641. |