Goldthorpe Transport Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03574891 (England and Wales)

GOLDTHORPE TRANSPORT LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C G Goldthorpe

C A Goldthorpe

H Mc Goldthorpe

Mrs F M Goldthorpe

Mrs J A Goldthorpe

SECRETARY:

Mrs. C J Parkinson

REGISTERED OFFICE:

Fosterhouse Farm,

Fosterhouses,

Fishlake,

Doncaster.

DN7 5LF

REGISTERED NUMBER:

03574891 (England and Wales)

ACCOUNTANTS:

W H Prior

Chartered Certified Accountants

Railway Court

Off Ten Pound Walk

Doncaster

South Yorkshire

DN4 5FB

BANKERS:

Yorkshire Bank plc

8 Guildhall Street

Lincoln

LN1 1TT

SOLICITORS:

hlw Keeble Hawson LLP

14 Prince's Street

Doncaster

DN1 3NJ

FIXED ASSETS

Tangible assets

2

3,845,162

3,742,314

CURRENT ASSETS

Stocks

28,676

35,306

Debtors

438,692

333,409

Investments

117,538

107,963

Cash at bank and in hand

738,031

1,341,279

1,322,937

1,817,957

CREDITORS

Amounts falling due within one year

3

729,600

1,608,759

NET CURRENT ASSETS

593,337

209,198

TOTAL ASSETS LESS CURRENT LIABILITIES

4,438,499

3,951,512

CREDITORS

Amounts falling due after more than one year

3

(220,969

)

(509,332

)

PROVISIONS FOR LIABILITIES

(66,557

)

(49,728

)

NET ASSETS

4,150,973

3,392,452

CAPITAL AND RESERVES

Called up share capital

4

7,500

7,500

Profit and loss account

4,143,473

3,384,952

SHAREHOLDERS' FUNDS

4,150,973

3,392,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 22nd March 2016 and were signed on its behalf by:

H Mc Goldthorpe - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value over their

estimated useful lives as follows :

Plant & machinery

20% Reducing balance

Motor lorries

25% Straight line

Fixtures & fittings 20% Straight line

Computer equipment 33% Straight line

No depreciation is charged in respect of freehold farm land and property, the directors considering that no

depreciation arises on these assets.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the average rate of

exchange for the trading period.. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2014

4,325,000

Additions

214,905

Disposals

(25,461

)

At 30th June 2015

4,514,444

DEPRECIATION

At 1st July 2014

582,686

Charge for year

99,146

Eliminated on disposal

(12,550

)

At 30th June 2015

669,282

NET BOOK VALUE

At 30th June 2015

3,845,162

At 30th June 2014

3,742,314

3.

CREDITORS

Creditors include an amount of £ 509,332 (2014 - £ 1,755,484 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

7,500

Ordinary

£1

7,500

7,500