REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 |
|
FOR |
|
TURNER LOGISTICS (HALIFAX) LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 |
|
FOR |
|
TURNER LOGISTICS (HALIFAX) LIMITED |
TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2021 |
|
|
|
|
Page |
|
Balance Sheet | 1 |
|
Notes to the Financial Statements | 3 |
|
TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299) |
|
BALANCE SHEET |
31 AUGUST 2021 |
|
31.8.21 | 31.8.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 6 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
8 |
|
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299) |
|
BALANCE SHEET - continued |
31 AUGUST 2021 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2021 |
|
1. | STATUTORY INFORMATION |
|
Turner Logistics (Halifax) Limited is a
|
|
Registered number: | 06276299 |
|
Registered office: | Unit 9D |
Roundwood Industrial Estate |
Ossett |
Wakefield |
West Yorkshire |
WF5 9SQ |
|
The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
|
Turnover |
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. |
|
Amortisation |
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: |
|
Goodwill - to the end of expected useful life in February 2020 |
Franchise cost - to the end of expected useful life in February 2020 |
|
Tangible fixed assets |
|
Leasehold property | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
|
All fixed assets are originally recorded at cost. |
|
Government grants |
Government grant income is recognised under the accruals model. |
|
Grant income in respect of the Job Retention Scheme is recognised in the period to which the underlying furloughed staff costs relate. |
|
TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2021 |
|
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
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. |
|
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. |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost using the effective rate of interest. |
|
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. |
|
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
|
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. |
|
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
|
Creditors |
Short term creditors are measured at the transaction price. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2021 |
|
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
Goodwill | assets | Totals |
£ | £ | £ |
COST |
At 1 September 2020 |
and 31 August 2021 |
|
|
|
AMORTISATION |
At 1 September 2020 |
and 31 August 2021 |
|
|
|
NET BOOK VALUE |
At 31 August 2021 |
|
|
|
At 31 August 2020 |
|
|
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Leasehold | and | Motor |
property | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 September 2020 |
|
|
|
|
Additions |
|
|
|
|
At 31 August 2021 |
|
|
|
|
DEPRECIATION |
At 1 September 2020 |
|
|
|
|
Charge for year |
|
|
|
|
At 31 August 2021 |
|
|
|
|
NET BOOK VALUE |
At 31 August 2021 |
|
|
|
|
At 31 August 2020 |
|
|
|
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
Other debtors |
|
|
Directors' current accounts | - | 22,000 |
Prepayments and accrued income |
|
|
|
|
TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2021 |
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Hire purchase contracts (see note 9) |
|
|
Trade creditors |
|
|
Social security and other taxes |
|
|
VAT | 249,743 | 337,647 |
Other creditors |
|
|
Accruals and deferred income |
|
|
|
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Hire purchase contracts (see note 9) |
|
|
|
9. | LEASING AGREEMENTS |
|
Minimum lease payments fall due as follows: |
|
Hire purchase contracts |
31.8.21 | 31.8.20 |
£ | £ |
Net obligations repayable: |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
Non-cancellable operating | leases |
31.8.21 | 31.8.20 |
£ | £ |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
10. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31.8.21 | 31.8.20 |
£ | £ |
Hire purchase contracts | - | 603,132 |
TURNER LOGISTICS (HALIFAX) LIMITED (REGISTERED NUMBER: 06276299) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2021 |
|
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to a director subsisted during the years ended 31 August 2021 and 31 August 2020: |
|
31.8.21 | 31.8.20 |
£ | £ |
|
Balance outstanding at start of year |
|
|
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|