PPR Transport Services Ltd - Accounts to registrar (filleted) - small 18.2
PPR Transport Services Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 11 MARCH 2020 TO 31 MARCH 2021 |
| FOR |
| PPR TRANSPORT SERVICES LTD |
| PPR TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12516033) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 11 MARCH 2020 TO 31 MARCH 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PPR TRANSPORT SERVICES LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 11 MARCH 2020 TO 31 MARCH 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Counting House |
| High Street |
| Lutterworth |
| Leicestershire |
| LE17 4AY |
| PPR TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12516033) |
| BALANCE SHEET |
| 31 MARCH 2021 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 |
| PPR TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12516033) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 11 MARCH 2020 TO 31 MARCH 2021 |
| 1. | STATUTORY INFORMATION |
| PPR Transport Services Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Critical accounting judgements and key sources of estimation uncertainty |
| In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates. |
| Turnover |
| Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts. |
| The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement. |
| Goodwill |
| 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 | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| PPR TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12516033) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 11 MARCH 2020 TO 31 MARCH 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Financial assets |
| Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable. |
| Financial liabilities |
| The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred. |
| Cash and cash equivalents |
| Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. |
| Taxation |
| Taxation for the period 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. |
| 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 period 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 |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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 period was |
| PPR TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12516033) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 11 MARCH 2020 TO 31 MARCH 2021 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 11 March 2020 |
| and 31 March 2021 |
| AMORTISATION |
| Amortisation for period |
| At 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 10 March 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and | Motor | Computer |
| machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| Additions |
| At 31 March 2021 |
| DEPRECIATION |
| Charge for period |
| At 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other loans |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| VAT | 25,807 |
| Other creditors |
| Credit card | 1,953 |
| Directors' current accounts | 743 |
| Accrued expenses |
| PPR TRANSPORT SERVICES LTD (REGISTERED NUMBER: 12516033) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 11 MARCH 2020 TO 31 MARCH 2021 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary A | 1 | 100 |
| Ordinary B | 1 | 1 |
| 101 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 11 March 2020 | ( |
) |
| Deficit for the period | ( |
) |
| At 31 March 2021 | ( |
) |
| 10. | RELATED PARTY DISCLOSURES |
| As at the year ended 31 March 2021, there was a balance owing to the director from the company of £743. This amount is included within creditors on the balance sheet. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is P A Roberts. |