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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 MARCH 2017 TO 31 AUGUST 2018 |
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R D WILLIAMS & SONS (HAULAGE) LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 MARCH 2017 TO 31 AUGUST 2018 |
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FOR |
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R D WILLIAMS & SONS (HAULAGE) LIMITED |
R D WILLIAMS & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 01000774) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2017 TO 31 AUGUST 2018 |
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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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R D WILLIAMS & SONS (HAULAGE) LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 MARCH 2017 TO 31 AUGUST 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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9 Commerce Road |
Lynchwood |
Peterborough |
Cambridgeshire |
PE2 6LR |
R D WILLIAMS & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 01000774) |
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BALANCE SHEET |
31 AUGUST 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
8 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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R D WILLIAMS & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 01000774) |
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BALANCE SHEET - continued |
31 AUGUST 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 9 |
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Capital redemption reserve |
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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. |
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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
on its behalf by: |
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R D WILLIAMS & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 01000774) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2017 TO 31 AUGUST 2018 |
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1. | STATUTORY INFORMATION |
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R D Williams & Sons (Haulage) Limited is a
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England and Wales. The 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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Going concern |
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The company meets its day to day working capital requirements through an overdraft facility |
which is repayable on demand. On the basis of its present plans the company expects to operate |
within the facility currently agreed. On this basis the directors consider it appropriate to prepare |
the financial statements on a going concern basis. |
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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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Goodwill |
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Additional goodwill was purchased in 2012 for UPN customers and is being amortised evenly over |
its estimated useful life of two years. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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R D WILLIAMS & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 01000774) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MARCH 2017 TO 31 AUGUST 2018 |
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2. | ACCOUNTING POLICIES - continued |
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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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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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance |
sheet. Those held under hire purchase contracts are depreciated over their estimated useful |
lives. Those held under finance leases are depreciated over their estimated useful lives or the |
lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The |
capital element of the future payments is treated as a liability. |
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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 period was
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R D WILLIAMS & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 01000774) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MARCH 2017 TO 31 AUGUST 2018 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 March 2017 |
and 31 August 2018 |
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AMORTISATION |
At 1 March 2017 |
and 31 August 2018 |
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NET BOOK VALUE |
At 31 August 2018 |
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At 28 February 2017 |
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5. | TANGIBLE FIXED ASSETS |
Freehold | Plant and | Motor | Computer |
property | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST OR VALUATION |
At 1 March 2017 |
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Additions |
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Disposals |
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At 31 August 2018 |
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DEPRECIATION |
At 1 March 2017 |
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Charge for period |
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Eliminated on disposal |
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At 31 August 2018 |
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NET BOOK VALUE |
At 31 August 2018 |
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At 28 February 2017 |
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Cost or valuation at 31 August 2018 is represented by: |
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Freehold | Plant and | Motor | Computer |
property | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Valuation in 1995 | 60,399 | - | - | - | 60,399 |
Cost | 388,925 | 152,090 | 3,549,872 | 51,476 | 4,142,363 |
449,324 | 152,090 | 3,549,872 | 51,476 | 4,202,762 |
R D WILLIAMS & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 01000774) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MARCH 2017 TO 31 AUGUST 2018 |
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5. | TANGIBLE FIXED ASSETS - continued |
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If land and buildings had not been revalued they would have been included at the following |
historical cost: |
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2018 | 2017 |
£ | £ |
Cost | 122,928 | 122,928 |
Aggregate depreciation | 35,855 | 35,855 |
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Value of land in freehold land and buildings | 87,073 | 87,073 |
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Land and buildings were valued on an open market basis on 24 March 1995 by D H Barford & Co . |
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Fixed assets, included in the above, which are held under hire purchase contracts and finance |
leases are as follows: |
Motor |
vehicles |
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COST OR VALUATION |
At 1 March 2017 |
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Additions |
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Disposals | ( |
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Transfer to ownership | (251,340 | ) |
At 31 August 2018 |
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DEPRECIATION |
At 1 March 2017 |
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Charge for period |
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Eliminated on disposal | ( |
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Transfer to ownership | (102,518 | ) |
At 31 August 2018 |
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NET BOOK VALUE |
At 31 August 2018 |
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At 28 February 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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R D WILLIAMS & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 01000774) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MARCH 2017 TO 31 AUGUST 2018 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts and finance leases |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts and finance leases |
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9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 March 2017 |
and 31 August 2018 |
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10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the period ended |
31 August 2018 and the year ended 28 February 2017: |
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2018 | 2017 |
£ | £ |
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Balance outstanding at start of period | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
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Balance outstanding at start of period | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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( |
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These loans are unsecured and interest free. |
R D WILLIAMS & SONS (HAULAGE) LIMITED (REGISTERED NUMBER: 01000774) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MARCH 2017 TO 31 AUGUST 2018 |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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