ROY BRAIDWOOD & SONS TRANSPORT LIMITED

ROY BRAIDWOOD & SONS TRANSPORT LIMITED

ROY BRAIDWOOD & SONS TRANSPORT LIMITED - Company Information

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ROY BRAIDWOOD & SONS TRANSPORT LIMITED

Company Registration Number:
03758340 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2019

Period of accounts

Start date: 01 July 2018

End date: 30 June 2019

ROY BRAIDWOOD & SONS TRANSPORT LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2019

Balance sheet
Notes

ROY BRAIDWOOD & SONS TRANSPORT LIMITED

Balance sheet

As at 30 June 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 1,661,181 1,262,472
Total fixed assets: 1,661,181 1,262,472
Current assets
Stocks: 33,293 53,333
Debtors:   1,246,773 1,185,050
Cash at bank and in hand: 243,443 184,341
Total current assets: 1,523,509 1,422,724
Creditors: amounts falling due within one year:   (1,052,966) (1,113,559)
Net current assets (liabilities): 470,543 309,165
Total assets less current liabilities: 2,131,724 1,571,637
Creditors: amounts falling due after more than one year:   (407,816) (233,169)
Provision for liabilities: (252,802) (179,956)
Total net assets (liabilities): 1,471,106 1,158,512
Capital and reserves
Called up share capital: 1,010 1,010
Share premium account: 46,098 46,098
Profit and loss account: 1,423,998 1,111,404
Shareholders funds: 1,471,106 1,158,512

The notes form part of these financial statements

ROY BRAIDWOOD & SONS TRANSPORT LIMITED

Balance sheet statements

For the year ending 30 June 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 10 January 2020
and signed on behalf of the board by:

Name: Roy Braidwood
Status: Director

The notes form part of these financial statements

ROY BRAIDWOOD & SONS TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 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

TurnoverTurnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset.

Other accounting policies

Operating leasesLease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on astraight-line basis.ImpairmentA review for indicators of impairment is carried out at each reporting date, with the recoverable amountbeing estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.StocksStocks are measured at the lower of cost and estimated selling price less costs to complete and sell.Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.Defined contribution plansContributions to defined contribution plans are recognised as an expense in the period in which therelated service is provided. Prepaid contributions are recognised as an asset to the extent that theprepayment will lead to a reduction in future payments or a cash refund.

ROY BRAIDWOOD & SONS TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

2. Employees

2019 2018
Average number of employees during the period 51 46

ROY BRAIDWOOD & SONS TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

3. Tangible Assets

Total
Cost £
At 01 July 2018 2,265,429
Additions 717,590
Disposals (139,167)
At 30 June 2019 2,843,852
Depreciation
At 01 July 2018 1,002,957
Charge for year 300,638
On disposals (120,924)
At 30 June 2019 1,182,671
Net book value
At 30 June 2019 1,661,181
At 30 June 2018 1,262,472