UK Road Tanker Inspection Limited - Accounts to registrar (filleted) - small 18.2
UK Road Tanker Inspection Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UK Road Tanker Inspection Limited |
| Financial Statements |
| for the Year Ended 30 December 2018 |
| UK Road Tanker Inspection Limited (Registered number: 08530768) |
| Contents of the Financial Statements |
| for the year ended 30 December 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| UK Road Tanker Inspection Limited |
| Company Information |
| for the year ended 30 December 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 33 George Street |
| Wakefield |
| West Yorkshire |
| WF1 1LX |
| UK Road Tanker Inspection Limited (Registered number: 08530768) |
| Balance Sheet |
| 30 December 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| UK Road Tanker Inspection Limited (Registered number: 08530768) |
| Balance Sheet - continued |
| 30 December 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| UK Road Tanker Inspection Limited (Registered number: 08530768) |
| Notes to the Financial Statements |
| for the year ended 30 December 2018 |
| 1. | STATUTORY INFORMATION |
| UK Road Tanker Inspection Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The functional and presentation currency for the company is the pound sterling (£). All financial information presented has |
| been rounded to the nearest (£), unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The directors are of the opinion that the company continues to be a going concern and have therefore adopted that basis in |
| the preparation of the financial statements. |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Leasehold property improvements | - |
| Van testing equipment | - |
| Office equipment | - |
| Plant & machinery | - |
| Fixed assets are initially recorded at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Taxation |
| Taxation for the year comprises current and deferred 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. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is 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. |
| UK Road Tanker Inspection Limited (Registered number: 08530768) |
| Notes to the Financial Statements - continued |
| for the year ended 30 December 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
| which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted |
| or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
| recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
| purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
| their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
| future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are |
| charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Leasehold | Van |
| property | testing | Office |
| improvements | equipment | equipment |
| £ | £ | £ |
| COST |
| At 31 December 2017 |
| At 30 December 2018 |
| DEPRECIATION |
| At 31 December 2017 |
| Charge for year |
| Eliminated on disposal |
| At 30 December 2018 |
| NET BOOK VALUE |
| At 30 December 2018 |
| At 30 December 2017 |
| UK Road Tanker Inspection Limited (Registered number: 08530768) |
| Notes to the Financial Statements - continued |
| for the year ended 30 December 2018 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Motor | Plant & |
| vehicles | machinery | Totals |
| £ | £ | £ |
| COST |
| At 31 December 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 December 2018 |
| DEPRECIATION |
| At 31 December 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 December 2018 |
| NET BOOK VALUE |
| At 30 December 2018 |
| At 30 December 2017 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Office | Motor |
| equipment | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 31 December 2017 |
| Disposals | ( |
) | ( |
) |
| At 30 December 2018 |
| DEPRECIATION |
| At 31 December 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 December 2018 |
| NET BOOK VALUE |
| At 30 December 2018 |
| At 30 December 2017 |
| UK Road Tanker Inspection Limited (Registered number: 08530768) |
| Notes to the Financial Statements - continued |
| for the year ended 30 December 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Directors' current accounts | 7,838 | - |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 50,991 | 50,707 |
| Other creditors |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts | 37,788 | 82,000 |
| Obligations under hire purchase agreements are secured against the asset to which they relate. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| UK Road Tanker Inspection Limited (Registered number: 08530768) |
| Notes to the Financial Statements - continued |
| for the year ended 30 December 2018 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 December 2018 and |
| 30 December 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 11. | RELATED PARTY DISCLOSURES |
| The directors are of the opinion that there are no related party transactions as require disclosure under FRS 102 Section 1A. |