NRS Transport Ltd Accounts






NRS Transport Ltd
	Company No. 09270516
		Information for Filing with The Registrar
		31 October 2018

The Director presents his report and the accounts for the year ended 31 October 2018.

Principal activities
The principal activity of the company during the year under review was .




Director

The Director who served at any time during the year was as follows:

N. Smith



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

N. Smith
Director
05 February 2019

at	31 October 2018

Company No.		09270516	Notes	2018	2017
				£	£
Fixed assets

	Tangible assets		2	80,120	61,536


				80,120	61,536
Current assets

	Debtors		3	161,275	136,101

	Cash at bank and in hand			6,778	23,012
				168,053	159,113
Creditors: Amount falling due within one year			4	(120,234)	(90,245)
Net current assets				47,819	68,868
Total assets less current liabilities				127,939	130,404
Creditors: Amounts falling due after more than one year			5	(36,555)	(30,208)
Provisions for liabilities
	Deferred taxation		6	(13,766)	(3,575)

Net assets				77,618	96,621

Capital and reserves
	Called up share capital			2	2



	Profit and loss account		7	77,616	96,619

Total equity				77,618	96,621


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 October 2018 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 05 February 2019

And signed on its behalf by:

N. Smith
Director
05 February 2019

for the year ended 31 October 2018

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

20/25% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2	Tangible fixed assets
			Plant and machinery	Total
			£	£
		Cost or revaluation
		At 1 November 2017	94,876	94,876
		Additions	53,315	53,315


		Disposals	(10,700)	(10,700)
		At 31 October 2018	137,491	137,491
		Depreciation
		At 1 November 2017	33,340	33,340
		Charge for the year	26,706	26,706


		Disposals	(2,675)	(2,675)
		At 31 October 2018	57,371	57,371
		Net book values
		At 31 October 2018	80,120	80,120
		At 31 October 2017	61,536	61,536

3	Debtors
			2018	2017
			£	£
		Trade debtors	150,700	132,271






		Prepayments and accrued income	10,575	3,830
			161,275	136,101

4	Creditors:
		amounts falling due within one year
			2018	2017
			£	£

		Bank loans and overdrafts	1,169	3,194

		Obligations under finance lease and hire purchase contracts	20,199	-
		Trade creditors	34,595	47,643

		Corporation tax	19,700	15,126
		Other taxes and social security	39,693	20,244
		Loans from directors	195	30
		Other creditors	4,201	3,543
		Accruals and deferred income	482	465
			120,234	90,245

5	Creditors:
		amounts falling due after more than one year
			2018	2017
			£	£



		Obligations under finance lease and hire purchase contracts	36,555	30,208




			36,555	30,208

6	Provisions for liabilities
		Deferred taxation

			Accelerated capital allowances, losses and other timing differences	Arising from revaluation	Total
			£	£	£
		At 1 November 2017	3,575	-	3,575
		Charge to the profit and loss account for the period	10,191		10,191

		At 31 October 2018	13,766	-	13,766

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2018	2017
			£	£
		Dividends for the period:
		Dividends paid in the period	47,000	26,100

			47,000	26,100

		Dividends by type:

		Equity dividends	47,000	26,100
			47,000	26,100

Related party disclosures

Controlling party

Immediate controlling party

Mr N. Smith, Mrs E. Smith

Additional information

Its registered number is:

09270516

Its registered office is:

Fairlawns

Lewannick

Launceston

PL15 7QD