Company Registration No. 04949947 (England and Wales)
CARRITRANS UK LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
CARRITRANS UK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CARRITRANS UK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
82,832
63,837
Current assets
Debtors
5,956
-
Cash at bank and in hand
74,652
122,888
80,608
122,888
Creditors: amounts falling due within one year
3
(116,380)
(138,790)
Net current liabilities
(35,772)
(15,902)
Total assets less current liabilities
47,060
47,935
Creditors: amounts falling due after more than one year
4
(11,054)
(16,148)
Provisions for liabilities
(15,738)
(12,767)
20,268
19,020
Capital and reserves
Called up share capital
5
2
2
Profit and loss account
20,266
19,018
Shareholders' funds
20,268
19,020
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 August 2017
Mr S Carrington
Director
Company Registration No. 04949947
CARRITRANS UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor and which are included within profits on a straight line basis over the period of the lease, net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided 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
25% reducing balance
Motor vehicles
25% reducing balance
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
CARRITRANS UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2015
99,381
Additions
35,583
Disposals
(6,372)
At 31 October 2016
128,592
Depreciation
At 1 November 2015
35,544
On disposals
(5,727)
Charge for the year
15,943
At 31 October 2016
45,760
Net book value
At 31 October 2016
82,832
At 31 October 2015
63,837
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £5,094 (2015 - £5,881).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £11,054 (2015 - £16,148).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary A shares of £1 each
1
1
1 Ordinary B shares of £1 each
1
1
2
2