C.B.G. Transport Ltd - Accounts to registrar (filleted) - small 18.2
C.B.G. Transport Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
C.B.G. TRANSPORT LTD |
Unaudited Financial Statements |
for the Year Ended 29 February 2020 |
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044) |
Contents of the Financial Statements |
for the year ended 29 February 2020 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Balance Sheet | 3 | to | 4 |
Notes to the Financial Statements | 5 | to | 8 |
C.B.G. TRANSPORT LTD |
Company Information |
for the year ended 29 February 2020 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Suite 1A |
Shire Business Park |
Wainwright Road |
Worcester |
WR4 9FA |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
C.B.G. Transport Ltd |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to |
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements |
and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of C.B.G. Transport Ltd for the year ended 29 February 2020 which comprise the Income |
Statement, Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of C.B.G. Transport Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C.B.G. Transport Ltd and state those matters that we have agreed to state to the Board of Directors of C.B.G. Transport Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C.B.G. Transport Ltd and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that C.B.G. Transport Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C.B.G. Transport Ltd. You consider that C.B.G. Transport Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of C.B.G. Transport Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
Suite 1A |
Shire Business Park |
Wainwright Road |
Worcester |
WR4 9FA |
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044) |
Balance Sheet |
29 February 2020 |
2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044) |
Balance Sheet - continued |
29 February 2020 |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on signed on its behalf by: |
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044) |
Notes to the Financial Statements |
for the year ended 29 February 2020 |
1. | STATUTORY INFORMATION |
C.B.G. Transport Ltd is a |
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 |
The significant accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. The company |
adopted FRS 102 in the current year and reconciliations of how the transition to FRS 102 has affected the |
reported financial position and performance is shown on pages 18 to 20. |
Turnover |
Turnover represents the net invoiced provision of services, excluding value added tax. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2002 has been amortised |
evenly over its estimated useful life of 10 years. At the 28 February 2018 Goodwill had been fully amortised |
(2017 - fully amortised) |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes |
in fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044) |
Notes to the Financial Statements - continued |
for the year ended 29 February 2020 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different |
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and |
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the |
reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
Going concern |
The financial statements have been prepared on a going concern basis and no material uncertainties exist that |
impact on the company's ability to trade. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 March 2019 |
and 29 February 2020 |
AMORTISATION |
At 1 March 2019 |
and 29 February 2020 |
NET BOOK VALUE |
At 29 February 2020 |
At 28 February 2019 |
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044) |
Notes to the Financial Statements - continued |
for the year ended 29 February 2020 |
5. | TANGIBLE FIXED ASSETS |
Improvements |
to | Plant and | Motor |
property | machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 March 2019 |
Disposals | ( |
) | ( |
) | ( |
) |
At 29 February 2020 |
DEPRECIATION |
At 1 March 2019 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 29 February 2020 |
NET BOOK VALUE |
At 29 February 2020 |
At 28 February 2019 |
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 March 2019 |
and 29 February 2020 |
PROVISIONS |
At 1 March 2019 | 9,458 |
Provision for year | 24 |
At 29 February 2020 | 9,482 |
NET BOOK VALUE |
At 29 February 2020 |
At 28 February 2019 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
Prepayments |
C.B.G. TRANSPORT LTD (REGISTERED NUMBER: 04312044) |
Notes to the Financial Statements - continued |
for the year ended 29 February 2020 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 24,532 | 17,563 |
Directors' current accounts | 643 | 181 |
Accrued expenses |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans - 1-2 years |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2020 | 2019 |
£ | £ |
Bank loans |
All the company's liabilities to the bank, of any kind and in any currency, (whether present or future or |
contingent and whether incurred alone or jointly with another) are secured by way of a fixed and floating |
charge over all the company's property and assets, present and future. |
This charge is registered at Companies House. |