COMPANY REGISTRATION NUMBER:
10628511
PETER McCALLUM TRANSPORT LIMITED
|
|
FILLETED UNAUDITED FINANCIAL STATEMENTS
|
|
PETER McCALLUM TRANSPORT LIMITED
|
|
PERIOD FROM 20 FEBRUARY 2017 TO 31 MAY 2018
Statement of financial position
|
1
|
|
|
Notes to the financial statements
|
2 to 3
|
|
|
PETER McCALLUM TRANSPORT LIMITED
|
|
STATEMENT OF FINANCIAL POSITION
|
|
31 May 2018
FIXED ASSETS
CURRENT ASSETS
Cash at bank and in hand
|
167
|
|
|
|
|
CREDITORS: amounts falling due within one year
|
5
|
585,510
|
|
|
---------
|
|
NET CURRENT LIABILITIES
|
|
585,343
|
|
|
---------
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
67
|
|
|
----
|
|
|
|
|
CAPITAL AND RESERVES
Called up share capital fully paid
|
|
100
|
Profit and loss account
|
|
(
33)
|
|
|
----
|
SHAREHOLDERS FUNDS
|
|
67
|
|
|
----
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 May 2018 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 period 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 financial statements were approved by the
board of directors
and authorised for issue on
9 November 2018
, and are signed on behalf of the board by:
Company registration number:
10628511
PETER McCALLUM TRANSPORT LIMITED
|
|
NOTES TO THE FINANCIAL STATEMENTS
|
|
PERIOD FROM 20 FEBRUARY 2017 TO 31 MAY 2018
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Orchard House, Chelveston Road, Wellingborough, NN9 6DA.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4.
INVESTMENTS
|
Shares in group undertakings
|
|
£
|
Cost
|
|
At 20 February 2017
|
–
|
Additions
|
585,410
|
|
---------
|
At 31 May 2018
|
585,410
|
|
---------
|
Impairment
|
|
At 20 February 2017 and 31 May 2018
|
–
|
|
---------
|
|
|
Carrying amount
|
|
At 31 May 2018
|
585,410
|
|
---------
|
|
|
The company owns 100% of the issued share capital of Peter Dale International (PDI) Limited. The aggregate share capital and reserves of that company at 31 May 2018 was £781,970 and its profit for the year ended on that date was £99,953.
5.
CREDITORS:
amounts falling due within one year
|
31 May 18
|
|
£
|
Other creditors
|
585,510
|
|
---------
|
|
|
6.
RELATED PARTY TRANSACTIONS
The directors
have advanced monies to the company. As at 31 May 2018, the amount due from the company was £ 300,200
.