TrailPlus Limited - Filleted accounts

TrailPlus Limited - Filleted accounts

TRAILPLUS LIMITED - Company Information

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Registered number
06053308
TrailPlus Limited
Filleted Accounts
31 December 2018
TrailPlus Limited
Registered number: 06053308
Balance Sheet
as at 31 December 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 847 986
Current assets
Debtors 3 1,572 3,256
Cash at bank and in hand 11,192 24,662
12,764 27,918
Creditors: amounts falling due within one year 4 (5,545) (21,286)
Net current assets 7,219 6,632
Net assets 8,066 7,618
Capital and reserves
Called up share capital 7,500 7,500
Profit and loss account 566 118
Shareholders' funds 8,066 7,618
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P F S Magner
Director
Approved by the board on 27 February 2019
TrailPlus Limited
Notes to the Accounts
for the year ended 31 December 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is the consideration receivable, net of value added tax, from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 January 2018 19,378
Additions 229
At 31 December 2018 19,607
Depreciation
At 1 January 2018 18,392
Charge for the year 368
At 31 December 2018 18,760
Net book value
At 31 December 2018 847
At 31 December 2017 986
3 Debtors 2018 2017
£ £
Trade debtors 600 1,898
Other debtors 972 1,358
1,572 3,256
4 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors - 154
Corporation tax 3,847 588
Other taxes and social security costs 98 11,294
Other creditors 1,600 9,250
5,545 21,286
5 Other information
TrailPlus Limited is a private company limited by shares and incorporated in England. Its registered office is:
21 Glossop Road
Charlesworth
Glossop
Derbyshire
SK13 5HB
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