Company Registration No. NI637030 (Northern Ireland)
Elliott Transport Services Ltd
Unaudited accounts
for the year ended 31 March 2021
Elliott Transport Services Ltd
Unaudited accounts
Contents
Elliott Transport Services Ltd
Company Information
for the year ended 31 March 2021
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
Elliott Transport Services Ltd
Statement of financial position
as at
31 March 2021
Tangible assets
24,895
30,725
Cash at bank and in hand
55,627
27,518
Creditors: amounts falling due within one year
(32,438)
(76,508)
Net current assets
70,626
58,099
Total assets less current liabilities
95,521
88,824
Creditors: amounts falling due after more than one year
(3,127)
(8,632)
Called up share capital
1
1
Profit and loss account
92,393
80,191
Shareholders' funds
92,394
80,192
For the year ending 31 March 2021 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.
The financial statements were approved by the Board and authorised for issue on 25 May 2021 and were signed on its behalf by
Gawn Andrew Elliott
Director
Company Registration No. NI637030
Elliott Transport Services Ltd
Notes to the Accounts
for the year ended 31 March 2021
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 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
8,574
28,480
2,080
39,134
At 31 March 2021
8,574
28,480
2,080
39,134
At 1 April 2020
1,694
5,696
1,019
8,409
Charge for the year
857
4,557
416
5,830
At 31 March 2021
2,551
10,253
1,435
14,239
At 31 March 2021
6,023
18,227
645
24,895
At 31 March 2020
6,880
22,784
1,061
30,725
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
45,643
104,949
Accrued income and prepayments
1,794
1,466
6
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
5,762
5,590
Trade creditors
12,894
55,055
Taxes and social security
9,149
1,230
Loans from directors
3,783
13,783
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
3,127
8,632
8
Average number of employees
During the year the average number of employees was 3 (2020: 3).