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REGISTERED NUMBER:
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SPRINGHILL HAULAGE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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18 SEPTEMBER 2018 TO 30 SEPTEMBER 2019 |
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REGISTERED NUMBER:
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SPRINGHILL HAULAGE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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18 SEPTEMBER 2018 TO 30 SEPTEMBER 2019 |
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SPRINGHILL HAULAGE LIMITED (REGISTERED NUMBER: 11576226) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 SEPTEMBER 2018 TO 30 SEPTEMBER 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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SPRINGHILL HAULAGE LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 18 SEPTEMBER 2018 TO 30 SEPTEMBER 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SPRINGHILL HAULAGE LIMITED (REGISTERED NUMBER: 11576226) |
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BALANCE SHEET |
30 SEPTEMBER 2019 |
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Notes | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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The director acknowledges his responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
SPRINGHILL HAULAGE LIMITED (REGISTERED NUMBER: 11576226) |
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BALANCE SHEET - continued |
30 SEPTEMBER 2019 |
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The financial statements were approved by the director on
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SPRINGHILL HAULAGE LIMITED (REGISTERED NUMBER: 11576226) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 SEPTEMBER 2018 TO 30 SEPTEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Springhill Haulage Limited 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 |
These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards |
applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as |
applicable to companies subject to the small companies regime. |
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The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure |
is required to show a true and far view. |
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The financial statements are prepared in sterling, which is the functional currency of the company. Monetary |
amounts in these financial statements are rounded to the nearest £1. |
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The financial statements have been prepared under the historical cost convention, modified to include certain |
financial instruments at fair value. The principal accounting policies adopted are set out below. |
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At the balance sheet date the company has net liabilities, and is dependent upon the support of its director to |
continue trading. The director have indicated that their support will continue for a period of at least 12 months |
from the date of signing these financial statements, and as such the going concern basis has 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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Tangible fixed assets |
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Plant and machinery | - |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and |
the carrying value of the asset and is recognised in the income statement. |
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Taxation |
Taxation for the period 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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SPRINGHILL HAULAGE LIMITED (REGISTERED NUMBER: 11576226) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 SEPTEMBER 2018 TO 30 SEPTEMBER 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 period 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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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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Financial assets |
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 |
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
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Financial assets are recognised in the company's statement of financial position when the company becomes |
party to the contractual provisions of the instrument. |
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Basic financial assets, which include trade and other receivables and cash and bank balances are initially |
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the |
effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is |
measured at the present value of the future receipts discounted at a market rate of interest. |
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Financial liabilities |
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Basic financial liabilities which include trade and other payables, are initially measured at transaction price and |
subsequently measured at amortised cost, 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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
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COST |
Additions |
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At 30 September 2019 |
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DEPRECIATION |
Charge for period |
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At 30 September 2019 |
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NET BOOK VALUE |
At 30 September 2019 |
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SPRINGHILL HAULAGE LIMITED (REGISTERED NUMBER: 11576226) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 SEPTEMBER 2018 TO 30 SEPTEMBER 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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