SEVEN SIXTY LOGISTICS LIMITED Accounts filed on 30-06-2015

SEVEN SIXTY LOGISTICS LIMITED Accounts filed on 30-06-2015

SEVEN SIXTY LOGISTICS LIMITED - Company Information

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SEVEN SIXTY LOGISTICS LIMITED




Company Registration Number:
09083812 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 12th June 2014

End date: 30th June 2015

SUBMITTED

SEVEN SIXTY LOGISTICS LIMITED

Company Information
for the Period Ended 30th June 2015




Director: Simon Adams
Samantha Adams
Registered office: 52 Milford Road
Reading
RG1 8LJ
Company Registration Number: 09083812 (England and Wales)

SEVEN SIXTY LOGISTICS LIMITED

Abbreviated Balance sheet
As at 30th June 2015

Notes 2015
£
£
Fixed assets
Tangible assets: 3 5,948 -
Total fixed assets: 5,948 -
Current assets
Debtors: 4 99,908 -
Cash at bank and in hand: 16,537 -
Total current assets: 116,445 -
Creditors
Creditors: amounts falling due within one year 5 85,327 -
Net current assets (liabilities): 31,118 -
Total assets less current liabilities: 37,066 -
Creditors: amounts falling due after more than one year: 6 35,308 -
Provision for liabilities: 7 619 -
Total net assets (liabilities): 1,139 -

The notes form part of these financial statements

SEVEN SIXTY LOGISTICS LIMITED

Abbreviated Balance sheet
As at 30th June 2015
continued

Notes 2015
£
£
Capital and reserves
Called up share capital: 8 1 -
Profit and Loss account: 1,138 0
Total shareholders funds: 1,139 -

For the year ending 30 June 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 18 February 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Simon Adams
Status: Director

The notes form part of these financial statements

SEVEN SIXTY LOGISTICS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention. in accordance with the Financial Reporting Standard for smaller entities, effective April 2008, and on a going concern basis.

    Turnover policy

    Turnover is the value of sales invoiced less VAT and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is calculated on write assets off over their expected useful life. The following rates are used: Computers 25% straight line Plant and machinery 20% straight line Vehicles 25% reducing balance

    Other accounting policies

    Hire Purchase and Leasing Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is held as a liability on the balance sheet. The interest element of the obligation charged to the profit and loss account in equal monthly amounts.

SEVEN SIXTY LOGISTICS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2015

  • 3. Tangible assets

    Total
    Cost £
    At 12th June 2014: 0
    Additions: 7,301
    At 30th June 2015: 7,301
    Depreciation
    At 12th June 2014: 0
    Charge for year: 1,353
    At 30th June 2015: 1,353
    Net book value
    At 30th June 2015: 5,948

SEVEN SIXTY LOGISTICS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2015

  • 4. Debtors

    No amounts in debtors fell due after 5 years.

SEVEN SIXTY LOGISTICS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2015

  • 5. Creditors: amounts falling due within one year

    Included in Creditors is an an of £2577 which has been secured by way of a hire purchase agreement.

SEVEN SIXTY LOGISTICS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2015

  • 6. Creditors: amounts falling due after more than one year

    Of the Creditors falling due after one year £15,000 falls due after five years. No security has been given.

SEVEN SIXTY LOGISTICS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2015

  • 8. Called up share capital

    Allotted, called up and paid

    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    		1
    Total share capital: 1

SEVEN SIXTY LOGISTICS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2015

  • 10. Related party disclosures

    Name of the ultimate controlling party during the period: Simon Adams
    Name of related party: 760 Logistics Limited
    Relationship: Owed by Simon Adams
    Description of the transaction: Other Debtors
    Balance at 12th June 2014 0
    Balance at 30th June 2015 14,197
    Name of related party: 760 Logistics Limited
    Relationship: Owed by Simon Adams
    Description of the transaction: Trade Creditors
    Balance at 12th June 2014 0
    Balance at 30th June 2015 22,200

    Simon Adams the controlling party of the company owes 760 Logistics Limited a warehousing company which operates from the same premises. Receipts due to one company have been received by the other. Some suppliers and other payments due from one company have been paid by the other. Due to the premises being shared one company has incurred expenses which have in part been recharged to the other. A management charge has been raised by 760 Logistics Limited on the company.