Trans Euro Freight Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04162735 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

FOR

TRANS EURO FREIGHT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K. Nandra

SECRETARY:

Mrs. K. Nandra

REGISTERED OFFICE:

7 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

04162735 (England and Wales)

ACCOUNTANTS:

NWN Blue Squared Ltd

Chartered Certified Accountants

7 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

2

73,704

11,456

CURRENT ASSETS

Debtors

245,374

288,038

Cash at bank and in hand

10,226

12,739

255,600

300,777

CREDITORS

Amounts falling due within one year

516,637

501,315

NET CURRENT LIABILITIES

(261,037

)

(200,538

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(187,333

)

(189,082

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(187,335

)

(189,084

)

SHAREHOLDERS' FUNDS

(187,333

)

(189,082

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26 November 2015 and were signed by:

K. Nandra - Director

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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

54,625

Additions

80,598

At 28 February 2015

135,223

DEPRECIATION

At 1 March 2014

43,169

Charge for year

18,350

At 28 February 2015

61,519

NET BOOK VALUE

At 28 February 2015

73,704

At 28 February 2014

11,456

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary Shares

£1

2

2

4.	ULTIMATE PARENT COMPANY