Nuneaton Sameday Couriers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03944978 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

NUNEATON SAMEDAY COURIERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M Wilson

SECRETARY:

Mr M Wilson

REGISTERED OFFICE:

Manor Court Chambers

Townsend Drive

Nuneaton

Warwickshire

CV11 6RU

BUSINESS ADDRESS:

Unit 18

Centenary Business Centre

Attleborough Fields Industrial Estate

Nuneaton

Warwickshire

CV11 6RY

REGISTERED NUMBER:

03944978 (England and Wales)

ACCOUNTANTS:

SFB Group Limited

Chartered Accountants

Manor Court Chambers

Townsend Drive

Nuneaton

Warwickshire

CV11 6RU

FIXED ASSETS

Intangible assets

4

-

1,000

Tangible assets

5

53,264

44,569

53,264

45,569

CURRENT ASSETS

Debtors

6

104,407

129,846

CREDITORS

Amounts falling due within one year

7

116,219

98,734

NET CURRENT (LIABILITIES)/ASSETS

(11,812

)

31,112

TOTAL ASSETS LESS CURRENT LIABILITIES

41,452

76,681

CREDITORS

Amounts falling due after more than one year

8

(26,563

)

(20,276

)

PROVISIONS FOR LIABILITIES

(6,624

)

(9,425

)

NET ASSETS

8,265

46,980

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,165

46,880

SHAREHOLDERS' FUNDS

8,265

46,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2020 and were signed by:

Mr M Wilson - Director

1.	STATUTORY INFORMATION

Nuneaton Sameday Couriers 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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

Depreciation is provided at the following annual rates in order to write off 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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

10,000

AMORTISATION

At 1 April 2019

9,000

Charge for year

1,000

At 31 March 2020

10,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

1,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

80,478

Additions

26,450

At 31 March 2020

106,928

DEPRECIATION

At 1 April 2019

35,909

Charge for year

17,755

At 31 March 2020

53,664

NET BOOK VALUE

At 31 March 2020

53,264

At 31 March 2019

44,569

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

Plant and

machinery

etc

£

COST

At 1 April 2019

66,397

Additions

26,450

At 31 March 2020

92,847

DEPRECIATION

At 1 April 2019

and 31 March 2020

16,018

NET BOOK VALUE

At 31 March 2020

76,829

At 31 March 2019

50,379

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

59,958

76,488

Other debtors

44,449

53,358

104,407

129,846

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

35,525

8,708

Hire purchase contracts

17,509

16,388

Trade creditors

26,801

33,235

Taxation and social security

33,734

37,778

Other creditors

2,650

2,625

116,219

98,734

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

26,563

20,276

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and 31 March 2019:

2020

2019

£

£

Mr M Wilson

Balance outstanding at start of year

53,358

31,407

Amounts advanced

54,564

55,991

Amounts repaid

(67,040

)

(34,040

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

40,882

53,358