D & E Marsland Transport Limited
D & E Marsland Transport Limited
Registered number: 10420262
Unaudited Financial Statements
For The Year Ended 31 October 2018
Townend English
Chartered Accountants
Townend English, 81-83 Market Street
Pocklington
York
YO42 2AE
D & E Marsland Transport Limited
Unaudited Financial Statements
For The Year Ended 31 October 2018
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
D & E Marsland Transport Limited
Balance Sheet
As at
31 October 2018
Balance Sheet
Registered number:
10420262
For the year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 October 2018 | Period to 31 October 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 104,142 | 34,787 | |||
Page 1
D & E Marsland Transport Limited
Balance Sheet (continued)
As at
31 October 2018
Directors' responsibilities:
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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 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
D & E Marsland Transport Limited
Notes to the Financial Statements
For The Year Ended 31 October 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold Improvements |
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| Plant & Machinery |
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| Fixtures & Fittings |
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1.4.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.
Average Number of Employees
Average number of employees, including directors, during the year was 5 (2017: 3).
Page 3
D & E Marsland Transport Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2018
3.
Tangible Assets
| Land & Property | ||||
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| Leasehold Improvements | Plant & Machinery | Fixtures & Fittings | Total | |
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| Additions |
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| Depreciation | ||||
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| Provided during the period |
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| Net Book Value | ||||
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4.
Debtors
| 31 October 2018 | Period to 31 October 2017 | ||
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| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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D & E Marsland Transport Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2018
5.
Creditors: Amounts Falling Due Within One Year
| 31 October 2018 | Period to 31 October 2017 | ||
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| Net obligations under finance lease and hire purchase contracts |
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| Trade creditors |
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| Other taxes and social security |
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| VAT |
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| Directors' loan accounts |
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6.
Creditors: Amounts Falling Due After More Than One Year
| 31 October 2018 | Period to 31 October 2017 | ||
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| Net obligations under finance lease and hire purchase contracts |
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7.
Obligations Under Finance Leases and Hire Purchase
| 31 October 2018 | Period to 31 October 2017 | ||
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| The maturity of these amounts is as follows: | |||
| Amounts Payable: | |||
| Within one year |
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| Between one and five years |
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Page 5
D & E Marsland Transport Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2018
9.
General Information
D & E Marsland Transport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10420262 . The registered office is Skiff Farm, Skiff Lane, Holme-On-Spalding-Moor, YO43 4AZ.
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