| Trainsport Limited |
| Registered number: |
06278964 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Investments |
2 |
|
|
784 |
|
|
784 |
|
| Current assets |
| Debtors |
|
|
2,151,352 |
|
|
1,984,371 |
| Cash at bank and in hand |
|
|
18,002 |
|
|
1,988 |
|
|
|
2,169,354 |
|
|
1,986,359 |
|
| Creditors: amounts falling due within one year |
|
|
(2,194,094) |
|
|
(2,000,681) |
|
| Net current liabilities |
|
|
|
(24,740) |
|
|
(14,322) |
|
| Net liabilities |
|
|
|
(23,956) |
|
|
(13,538) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Translation reserve |
|
|
|
(2,544) |
|
|
4,519 |
| Profit and loss account |
|
|
|
(21,414) |
|
|
(18,059) |
|
| Shareholders' funds |
|
|
|
(23,956) |
|
|
(13,538) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| C Ogunmakin |
| Director |
| Approved by the board on 2 April 2015 |
|
| Trainsport Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the translation reserve. |
|
|
Joint venture |
|
The amounts invested in joint ventures are recognised in these financial statements in accordance with the provisions of Financial Reporting Standard 9. Accordingly, any profit share due on the joint ventures is accounted for upon receipt. |
|
| 2 |
Investments |
£ |
|
|
Cost |
|
At 1 April 2013 |
784 |
|
|
At 31 March 2014 |
784 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
SCCV Cuvier |
Ordinary |
99 |
|
- |
|
- |
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
