SMP Dhillon Transport Limited - Accounts to registrar (filleted) - small 23.1.2
SMP Dhillon Transport Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| SMP DHILLON TRANSPORT LIMITED |
| Unaudited Financial Statements for the Year Ended 31 July 2022 |
| SMP DHILLON TRANSPORT LIMITED (REGISTERED NUMBER: 10287515) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31 JULY 2022 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 | to | 3 |
| SMP DHILLON TRANSPORT LIMITED (REGISTERED NUMBER: 10287515) |
| Balance Sheet |
| 31 JULY 2022 |
| 2022 | 2021 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| The director acknowledges her 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 director and authorised for issue on |
| SMP DHILLON TRANSPORT LIMITED (REGISTERED NUMBER: 10287515) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31 JULY 2022 |
| 1. | STATUTORY INFORMATION |
| SMP Dhillon Transport Limited is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Taxation |
| Taxation for the year comprises current. 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 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. |
| Going concern |
| The company has traded profitably during the financial year. However, due to the fact that dividends were voted in excess of retained profits, the Balance Sheet shows an insolvent position at the Balance Sheet date. The Director believes that it is, nevertheless, correct to prepare these Accounts on a going concern basis as the company is able to meet its debts as they fall due. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| SMP DHILLON TRANSPORT LIMITED (REGISTERED NUMBER: 10287515) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 JULY 2022 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 July 2022 and 31 July 2021: |
| 2022 | 2021 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| No interest was payable on the above balances. |
| 8. | RELATED PARTY DISCLOSURES |
| At the Balance Sheet date an amount of £1,819 (2021 £1,819) was due to a company owned and controlled by a close family member of the Directors. This amount is repayable on demand. |
| No interest has been charged nor will be charged in this respect. |
| In the year 2020, the company loaned an amount of £10,000 to a company owned and controlled by one of its former Directors who is also a close family member. This amount is repayable on demand. |
| No interest has been charged nor will be charged in respect of this loan. |
| During the year the company paid £NIL (2021 £3,250) in management fees to a company owned and controlled by one of its Directors. |
| At the Balance Sheet date the company owed £3,207 to its Directors (2021 - £1,166). These amounts are repayable on demand. |
| No interest has been charged nor will be charged on the above amounts. |