Relays Mini Buses Ltd,Ltd - AccountsLtd - Accounts

Relays Mini Buses Ltd,Ltd - AccountsLtd - Accounts

RELAYS MINI BUSES LTD - Company Information

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2018-03-01 08400198 2019-02-28 08400198 2018-03-01 2019-02-28 08400198 2018-02-28 08400198 2017-03-01 2018-02-28 08400198 uk-core:WithinOneYear 2018-02-28 08400198 uk-core:WithinOneYear 2019-02-28 08400198 uk-core:AfterOneYear 2018-02-28 08400198 uk-core:AfterOneYear 2019-02-28 08400198 uk-core:ShareCapital 2019-02-28 08400198 uk-core:ShareCapital 2018-02-28 08400198 uk-core:RetainedEarningsAccumulatedLosses 2019-02-28 08400198 uk-core:RetainedEarningsAccumulatedLosses 2018-02-28 08400198 uk-bus:Director1 2018-03-01 2019-02-28 08400198 uk-core:NetGoodwill 2018-03-01 2019-02-28 08400198 uk-core:ComputerEquipment 2018-03-01 2019-02-28 08400198 uk-core:CommercialMotorVehicles 2018-03-01 2019-02-28 08400198 uk-core:ToolsEquipment 2018-03-01 2019-02-28 08400198 uk-core:Goodwill 2018-02-28 08400198 uk-core:Goodwill 2019-02-28 08400198 uk-core:Goodwill 2018-03-01 2019-02-28 08400198 uk-core:ComputerEquipment 2018-02-28 08400198 uk-core:ToolsEquipment 2018-02-28 08400198 uk-core:CommercialMotorVehicles 2018-02-28 08400198 uk-core:CommercialMotorVehicles 2019-02-28 08400198 uk-core:ToolsEquipment 2019-02-28 08400198 uk-core:ComputerEquipment 2019-02-28 08400198 uk-core:WithinOneYear 2019-02-28 08400198 uk-core:WithinOneYear 2018-02-28 iso4217:GBP xbrli:pure 08400198 uk-bus:AuditExempt-NoAccountantsReport 2018-03-01 2019-02-28 08400198 uk-bus:FRS102 2018-03-01 2019-02-28 08400198 uk-bus:FullAccounts 2018-03-01 2019-02-28 08400198 uk-bus:PrivateLimitedCompanyLtd 2018-03-01 2019-02-28
Relays Mini Buses Ltd
Registered Number:08400198
For the year ended 28 February 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2019
Relays Mini Buses Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 28 February 2019
Relays Mini Buses Ltd
Statement of Financial Position
Registered Number :
08400198
£
£
2018
2019
Notes
Fixed assets
Intangible assets
7,700
8,800
2
Property, plant and equipment
25,104
43,602
3
32,804
52,402
Current assets
Trade and other receivables
5,745
6,105
4
68
Cash and cash equivalents
-
6,105
5,813
Trade and other payables: amounts falling due within one
year
(9,231)
(7,317)
5
(3,418)
(1,212)
Net current liabilities
Total assets less current liabilities
31,592
48,984
Trade and other payables: amounts falling due after more
than one year
(42,100)
(42,212)
6
(3,259)
(6,774)
Provisions for liabilities
(13,879)
Net assets/liabilities
110
Capital and reserves
Called up share capital
100
100
Retained earnings
(13,979)
10
(13,879)
110
Shareholders' funds
For the year ended 28 February 2019 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 of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Leslie Beacher Director
These financial statements were approved and authorised for issue by the Board on 26 November 2019 and were signed by:
1 of 5
4
For the year ended 28 February 2019
Relays Mini Buses Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 28 February 2019
Relays Mini Buses Ltd
Notes to the Financial Statements
Statutory Information
Relays Mini Buses Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08400198.
Registered address:
Falinge
Afonwen
Mold
Flintshire
CH7 5UB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Straight line
Computer equipment
20% Straight line
Motor vehicles
10% Straight line
Tools and equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 28 February 2019
Relays Mini Buses Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 March 2018
11,000
At 28 February 2019
11,000
Amortisation
At 01 March 2018
2,200
1,100
Charge for year
At 28 February 2019
3,300
Net book value
At 28 February 2019
7,700
At 28 February 2018
8,800
3. Property, plant and equipment
Total
Computer
equipment
Tools and
equipment
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 March 2018
106,559
582
958
105,019
-
-
(12,500)
Disposals
(12,500)
At 28 February 2019
92,519
958
582
94,059
Provision for depreciation and impairment
At 01 March 2018
62,957
240
958
61,759
Charge for year
12,013
114
-
11,899
(6,015)
-
-
(6,015)
On disposal
At 28 February 2019
68,955
354
958
67,643
At 28 February 2019
Net book value
24,876
-
228
25,104
At 28 February 2018
43,260
-
342
43,602
4. Trade and other receivables
2018
2019
£
£
Trade debtors
180
5,445
Other debtors
5,925
300
5,745
6,105
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7
For the year ended 28 February 2019
Relays Mini Buses Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Bank loans and overdraft
279
-
Trade creditors
1,643
2,191
Taxation and social security
3,468
4,894
Accruals and deferred income
150
150
Other creditors
1,777
1,996
7,317
9,231
6. Trade and other payables: amounts falling due after more than one year
2018
2019
£
£
3,438
-
Directors' loan accounts
550
-
Obligations under HP/Financial leases
Other creditors
42,212
38,112
42,212
42,100
7. Average number of persons employed
During the year the average number of employees was 3 (2018 : 3)
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