Abbreviated Company Accounts - FUTURE TRANSPORT LTD

Abbreviated Company Accounts - FUTURE TRANSPORT LTD

FUTURE TRANSPORT LTD - Company Information

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Registered Number 07059234

FUTURE TRANSPORT LTD

Abbreviated Accounts

31 December 2013

FUTURE TRANSPORT LTD Registered Number 07059234

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 115,307 142,596
115,307 142,596
Current assets
Stocks 36,000 -
Debtors 1,000 1,000
Cash at bank and in hand 1,200 2,400
38,200 3,400
Creditors: amounts falling due within one year (10,037) (4,011)
Net current assets (liabilities) 28,163 (611)
Total assets less current liabilities 143,470 141,985
Creditors: amounts falling due after more than one year (138,766) (145,487)
Total net assets (liabilities) 4,704 (3,502)
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,703 (3,503)
Shareholders' funds 4,704 (3,502)
  • For the year ending 31 December 2013 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 22 July 2014

And signed on their behalf by:
V Tari, Director

FUTURE TRANSPORT LTD Registered Number 07059234

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents revenues net of VAT

Tangible assets depreciation policy
Assets are written off over their estimated useful life

Plant and Machinery 25% reducing balance and 10% on cost

2Tangible fixed assets
£
Cost
At 1 January 2013 150,952
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 150,952
Depreciation
At 1 January 2013 8,356
Charge for the year 27,289
On disposals -
At 31 December 2013 35,645
Net book values
At 31 December 2013 115,307
At 31 December 2012 142,596