GT Transport (Derbyshire) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09126116 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st July 2019

for

GT Transport (Derbyshire) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Taylor

REGISTERED OFFICE:

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

REGISTERED NUMBER:

09126116 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

4

9,913

12,606

CURRENT ASSETS

Debtors

12,288

25,840

Cash at bank

12,919

13,787

25,207

39,627

CREDITORS

Amounts falling due within one year

10,362

21,885

NET CURRENT ASSETS

14,845

17,742

TOTAL ASSETS LESS CURRENT LIABILITIES

24,758

30,348

CREDITORS

Amounts falling due after more than one year

-

1,258

NET ASSETS

24,758

29,090

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

24,658

28,990

SHAREHOLDERS' FUNDS

24,758

29,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st July 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th April 2020 and were signed by:

G Taylor - Director

1.	STATUTORY INFORMATION

GT Transport (Derbyshire) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st August 2018

21,659

Additions

449

At 31st July 2019

22,108

DEPRECIATION

At 1st August 2018

9,053

Charge for year

3,142

At 31st July 2019

12,195

NET BOOK VALUE

At 31st July 2019

9,913

At 31st July 2018

12,606

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st August 2018

and 31st July 2019

19,815

DEPRECIATION

At 1st August 2018

8,354

Charge for year

2,865

At 31st July 2019

11,219

NET BOOK VALUE

At 31st July 2019

8,596

At 31st July 2018

11,461

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors is £32 (2018: £399) owed to the director. This loan is interest free and repayable

on demand.

6.	RELATED PARTY DISCLOSURES

The controlling party is G Taylor.