Michael Coyne Transport Limited - Limited company - abbreviated - 11.6

Michael Coyne Transport Limited - Limited company - abbreviated - 11.6

MICHAEL COYNE TRANSPORT LIMITED - Company Information

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REGISTERED NUMBER: 05876094 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

Michael Coyne Transport Limited

Michael Coyne Transport Limited (Registered number: 05876094)






Contents of the Abbreviated Accounts
for the Year Ended 31 August 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Michael Coyne Transport Limited

Company Information
for the Year Ended 31 August 2014







DIRECTORS: Mr M Coyne
Mrs M Coyne





SECRETARY: Mr M Coyne





REGISTERED OFFICE: Adelphi Chambers
30 Hoghton Street
Southport
PR9 0NZ





REGISTERED NUMBER: 05876094 (England and Wales)





ACCOUNTANTS: Hadley & Co
Chartered Accountants
Adelphi Chambers
30 Hoghton Street
Southport
PR9 0NZ
Page 1
Michael Coyne Transport Limited (Registered number: 05876094)

Abbreviated Balance Sheet
31 August 2014

31.8.14 31.8.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 40,000 48,000
Tangible assets 3 2,553 3,090
42,553 51,090

CURRENT ASSETS
Stocks 200,340 188,725
Debtors 75,334 80,780
Cash in hand 3,474 1,886
279,148 271,391
CREDITORS
Amounts falling due within one year 249,021 210,774
NET CURRENT ASSETS 30,127 60,617
TOTAL ASSETS LESS CURRENT
LIABILITIES
72,680
111,707

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 71,680 110,707
SHAREHOLDERS' FUNDS 72,680 111,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 28 May 2015 and were signed on its
behalf by:




Mr M Coyne - Director


The notes form part of these abbreviated accounts

Page 2
Michael Coyne Transport Limited (Registered number: 05876094)

Notes to the Abbreviated Accounts
for the Year Ended 31 August 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents the net sales value of products and services provided during the year excluding
value added tax.

Goodwill
Goodwill relates to the amount paid for the acquisition of a business in 2006. Amortisation has been
provided since 1 September 2009 to write off the cost of £80,000 evenly over the asset's estimated
remaining useful life of 10 years therefrom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2013
and 31 August 2014 80,000
AMORTISATION
At 1 September 2013 32,000
Amortisation for year 8,000
At 31 August 2014 40,000
NET BOOK VALUE

At 31 August 2014 40,000
At 31 August 2013 48,000

Page 3 continued...
Michael Coyne Transport Limited (Registered number: 05876094)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 August 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2013
and 31 August 2014 8,961
DEPRECIATION
At 1 September 2013 5,871
Charge for year 537
At 31 August 2014 6,408
NET BOOK VALUE
At 31 August 2014 2,553
At 31 August 2013 3,090

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.14 31.8.13
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 4