REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020 |
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UKTRUX (PVT) LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020 |
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FOR |
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UKTRUX (PVT) LTD |
UKTRUX (PVT) LTD (REGISTERED NUMBER: 10812819) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 June 2020 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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UKTRUX (PVT) LTD |
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COMPANY INFORMATION |
For The Year Ended 30 June 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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UKTRUX (PVT) LTD (REGISTERED NUMBER: 10812819) |
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ABRIDGED BALANCE SHEET |
30 June 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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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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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 Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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UKTRUX (PVT) LTD (REGISTERED NUMBER: 10812819) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 June 2020 |
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1. | STATUTORY INFORMATION |
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UKTrux (Pvt) Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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Turnover |
Turnover represents sales of consultancy services to the mining and transporting sectors, excluding value added tax, performed during the year. |
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Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management. |
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Computer equipment | - | 33.33% on cost |
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Financial instruments |
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss. |
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Taxation |
Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. |
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Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits. |
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Current tax assets and liabilities are not discounted and are 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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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UKTRUX (PVT) LTD (REGISTERED NUMBER: 10812819) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 June 2020 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
At 1 July 2019 |
and 30 June 2020 |
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DEPRECIATION |
At 1 July 2019 |
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Charge for year |
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At 30 June 2020 |
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NET BOOK VALUE |
At 30 June 2020 |
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At 30 June 2019 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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As at 30 June 2020, the director loaned the company £234 (2019 - the company loaned the director £1,762). There is no interest charged on the loan. |
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6. | POST BALANCE SHEET EVENTS |
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On 24 March 2020 the World Health Organisation declared Covid-19 a pandemic and subsequently the UK was placed into a national lockdown. As a result the company's trading activities were restricted up until 6 June 2020. The UK government then announced two further national lockdowns after the year end and due to the nature of the business, it has been unable to trade since. Although it is not possible to estimate any long-term financial implications from this unusual situation, until social distancing measures and travel restrictions are eased it does not seem likely that the company will be able to make any sales, however, the director has agreed to provide the necessary financial support until restrictions are lifted. |