Abbreviated Company Accounts - FUTURE TRANSPORT LTD

FUTURE TRANSPORT LTD - Company Information

Registered Number 07059234

FUTURE TRANSPORT LTD

Abbreviated Accounts

31 October 2015

FUTURE TRANSPORT LTD Registered Number 07059234

Abbreviated Balance Sheet as at 31 October 2015

	Notes	31/10/2015	31/12/2014
		£	£
Fixed assets
Tangible assets	2	73,476	93,376
		73,476	93,376
Current assets
Stocks		51,576	51,922
Debtors		2,000	2,000
Cash at bank and in hand		2,200	2,200
		55,776	56,122
Creditors: amounts falling due within one year		(25,322)	(20,448)
Net current assets (liabilities)		30,454	35,674
Total assets less current liabilities		103,930	129,050
Creditors: amounts falling due after more than one year		(102,778)	(128,290)
Total net assets (liabilities)		1,152	760
Capital and reserves
Called up share capital		1	1
Profit and loss account		1,151	759
Shareholders' funds		1,152	760

For the year ending 31 October 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.

Approved by the Board on 30 August 2016

And signed on their behalf by:
Mr V Tari, Director

FUTURE TRANSPORT LTD Registered Number 07059234

Notes to the Abbreviated Accounts for the period ended 31 October 2015

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

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

2Tangible fixed assets

	£
Cost
At 1 January 2015	150,952
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	150,952
Depreciation
At 1 January 2015	57,576
Charge for the year	19,900
On disposals	-
At 31 October 2015	77,476
Net book values
At 31 October 2015	73,476
At 31 December 2014	93,376