The Knighton Truck Company Limited - Period Ending 2013-12-31

Registration number: 01877475

 

The Knighton Truck Company Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013
 

The Knighton Truck Company Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

The Knighton Truck Company Limited
balance sheet as at 31 December 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					1,561			2,081
Current assets
Stocks					5,250			5,250
Debtors					87,319			85,217
Cash at bank and in hand					7,351			11,079
					99,920			101,546
Creditors: Amounts falling due within one year					(23,731)			(24,680)
Net current assets					76,189			76,866
Total net assets					77,750			78,947
Capital and reserves
Called up share capital		3			10,000			10,000
Profit and loss account					67,750			68,947
Shareholders' funds					77,750			78,947

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

The Knighton Truck Company Limited
balance sheet as at 31 December 2013
......... continued

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 24 September 2014 and signed on its behalf by:

.........................................
Mr J R Edwards
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

The Knighton Truck Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

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

Asset class	Depreciation method and rate
Motor vehicles	25% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

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

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2013		3,700			3,700
At 31 December 2013		3,700			3,700
Depreciation
At 1 January 2013		1,619			1,619
Charge for the year		520			520
At 31 December 2013		2,139			2,139
Net book value
At 31 December 2013		1,561			1,561
At 31 December 2012		2,081			2,081

Page 3

The Knighton Truck Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary shares of £1 each		10,000			10,000			10,000			10,000

Page 4