On the Spot Transport Ltd - Accounts

On the Spot Transport Ltd - Accounts

ON THE SPOT TRANSPORT LTD - Company Information

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Registered Number: 06972409
England and Wales

 

 

 

ON THE SPOT TRANSPORT LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

On the Spot Transport Ltd
Contents Page
For the year ended 31 March 2021
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
NF Financial Solutions Ltd
31 March 2021



....................................................
NF Financial Solutions Ltd
29
Frensham Close
Southall
UB1 2YF
30 December 2021
1
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Tangible fixed assets 64,511    15,803 
64,511    15,803 
Current assets      
Debtors: amounts falling due within one year 32,973    880 
Cash at bank and in hand 59,408    10,736 
92,381    11,616 
Creditors: amount falling due within one year (58,139)   (18,299)
Net current assets 34,242    (6,683)
 
Total assets less current liabilities 98,753    9,120 
Creditors: amount falling due after more than one year (63,576)   0 
Net assets 35,177    9,120 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 35,077    9,020 
Shareholder's funds 35,177    9,120 
 


For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 December 2021 and were signed by:


--------------------------------
Aleksandrs Krasovskis,
Director
2
General Information
On the Spot Transport Ltd is a private company, limited by shares, registered in England and Wales, registration number 06972409, registration address 29 Frensham Close, Southall, Middlesex, UB1 2YF

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Computer Equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: 
Reducing balance method
Computer Equipment 18% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2020 : 1).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 01 April 2020 17,700    1,998    19,698 
Additions 62,320    -    62,320 
Disposals -    -    - 
At 31 March 2021 80,020    1,998    82,018 
Depreciation
At 01 April 2020 3,186    709    3,895 
Charge for year 13,380    232    13,612 
On disposals -    -    - 
At 31 March 2021 16,566    941    17,507 
Net book values
Closing balance as at 31 March 2021 63,454    1,057    64,511 
Opening balance as at 01 April 2020 14,514    1,289    15,803 


4.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2021
£		   2020
£
100 Class A shares of £1.00 each 100    100 
100    100 

3