The Knighton Truck Company Limited - Period Ending 2014-12-31

Registration number: 01877475

 

The Knighton Truck Company Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

The Knighton Truck Company Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

The Knighton Truck Company Limited
balance sheet as at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					5,858			1,561
Current assets
Stocks					5,250			5,250
Debtors					87,509			87,319
Cash at bank and in hand					6,971			7,351
					99,730			99,920
Creditors: Amounts falling due within one year					(30,909)			(23,731)
Net current assets					68,821			76,189
Total net assets					74,679			77,750
Capital and reserves
Called up share capital		3			10,000			10,000
Profit and loss account					64,679			67,750
Shareholders' funds					74,679			77,750

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

The Knighton Truck Company Limited
balance sheet as at 31 December 2014
......... continued

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 24 September 2015 and signed on its behalf by:

.........................................
Mr J R Edwards
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

The Knighton Truck Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

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

Asset class	Depreciation method and rate
Motor vehicles	25% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

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

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		3,700			3,700
Additions		6,250			6,250
At 31 December 2014		9,950			9,950
Depreciation
At 1 January 2014		2,139			2,139
Charge for the year		1,953			1,953
At 31 December 2014		4,092			4,092
Net book value
At 31 December 2014		5,858			5,858
At 31 December 2013		1,561			1,561

Page 3

The Knighton Truck Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		10,000			10,000			10,000			10,000

Page 4