WESTON TRANSPORT LIMITED

WESTON TRANSPORT LIMITED

WESTON TRANSPORT LIMITED - Company Information

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WESTON TRANSPORT LIMITED

Company Registration Number:
SC175456 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

WESTON TRANSPORT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Notes

WESTON TRANSPORT LIMITED

Balance sheet

As at 31 March 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 2 1,169,303 1,120,423
Total fixed assets: 1,169,303 1,120,423
Current assets
Stocks: 11,955
Debtors:   1,636,349 1,405,483
Cash at bank and in hand: 1,194,646 867,350
Total current assets: 2,842,950 2,272,833
Creditors: amounts falling due within one year: 3 (1,276,121) (843,168)
Net current assets (liabilities): 1,566,829 1,429,665
Total assets less current liabilities: 2,736,132 2,550,088
Creditors: amounts falling due after more than one year: 4 (233,130) (408,160)
Provision for liabilities: (47,402) (71,343)
Total net assets (liabilities): 2,455,600 2,070,585
Capital and reserves
Called up share capital: 70,600 70,600
Profit and loss account: 2,385,000 1,999,985
Shareholders funds: 2,455,600 2,070,585

The notes form part of these financial statements

WESTON TRANSPORT LIMITED

Balance sheet statements

For the year ending 31 March 2019 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 December 2019
and signed on behalf of the board by:

Name: Peter Millar
Status: Director

The notes form part of these financial statements

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for the rendering of haulage services.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates - Plant and machinery - 10%, 16.67%, 20% and 25% straight line.

Other accounting policies

Finance lease assets. A lease is classified as a finance lease if it transfers substantially all the risk and rewards associated with ownership.Pension contribution are made to a defined contribution scheme and are expensed to the profit and loss account in the period to which they relate.

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Tangible Assets

Total
Cost £
At 01 April 2018 3,714,664
Additions 188,710
Disposals (71,500)
At 31 March 2019 3,831,874
Depreciation
At 01 April 2018 2,594,241
Charge for year 139,830
On disposals (71,500)
At 31 March 2019 2,662,571
Net book value
At 31 March 2019 1,169,303
At 31 March 2018 1,120,423

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Creditors: amounts falling due within one year note

Creditors falling due within one year included secured creditors amounting to £160,340.

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

4. Creditors: amounts falling due after more than one year note

Creditors falling due after one year included secured creditors amounting to £233,130.