Company Registration No. NI637030 (Northern Ireland)
Elliott Transport Services Ltd
Unaudited accounts
for the year ended 31 March 2018
Elliott Transport Services Ltd
Unaudited accounts
Contents
Elliott Transport Services Ltd
Company Information
for the year ended 31 March 2018
Director
Gawn Andrew Elliott
Company Number
NI637030 (Northern Ireland)
Registered Office
49 DONEGORE HILL
ANTRIM
BT41 2QU
NORTHERN IRELAND
Accountants
Andrea Downey Accountancy
4 Carnesure Avenue
Comber
BT23 5RL
Accountants' report to the Board of Directors on the unaudited financial statements of Elliott Transport Services Ltd for the year ended 31 March 2018
In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made solely to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors as a body, for our work or for this report.
We have carried out this engagement in accordance with guidance issued by the Chartered Accountants Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet for the year ended 31 March 2018 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Andrea Downey Accountancy
Chartered Accountants
4 Carnesure Avenue
Comber
BT23 5RL
16 October 2018
Elliott Transport Services Ltd
Statement of financial position
as at
31 March 2018
Tangible assets
14,601
3,059
Cash at bank and in hand
13,909
9,028
Creditors: amounts falling due within one year
(38,227)
(42,580)
Net current assets
29,749
15,089
Total assets less current liabilities
44,350
18,148
Creditors: amounts falling due after more than one year
(6,183)
-
Called up share capital
(100)
-
Profit and loss account
38,267
18,148
Shareholders' funds
38,167
18,148
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 19 October 2018.
Gawn Andrew Elliott
Director
Company Registration No. NI637030
Elliott Transport Services Ltd
Notes to the Accounts
for the year ended 31 March 2018
Elliott Transport Services Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI637030. The registered office is 49 DONEGORE HILL, ANTRIM, BT41 2QU, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities and the Companies Act 2006. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 years straight line
Motor vehicles
5 years reducing balance
Computer equipment
5 years straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Elliott Transport Services Ltd
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2017
2,792
-
682
3,474
Additions
-
12,275
748
13,023
At 31 March 2018
2,792
12,275
1,430
16,497
At 1 April 2017
279
-
136
415
Charge for the year
279
1,022
180
1,481
At 31 March 2018
558
1,022
316
1,896
At 31 March 2018
2,234
11,253
1,114
14,601
At 31 March 2017
2,513
-
546
3,059
Trade debtors
52,721
47,988
Accrued income and prepayments
1,346
653
6
Creditors: amounts falling due within one year
2018
2017
Obligations under finance leases and hire purchase contracts
2,393
-
Trade creditors
9,080
647
Taxes and social security
7,672
11,080
Loans from directors
15,922
8,562
7
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
6,183
-
8
Average number of employees
During the year the average number of employees was 3 (2017: 3).