NV Transport Limited - Accounts to registrar - small 16.1.1
NV Transport Limited - Accounts to registrar - small 16.1.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st December 2015 |
| for |
| NV Transport Limited |
| NV Transport Limited (Registered number: 05409034) |
| Contents of the Financial Statements |
| for the Year Ended 31st December 2015 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| NV Transport Limited |
| Company Information |
| for the Year Ended 31st December 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Gloucester House |
| Church Walk |
| Burgess Hill |
| West Sussex |
| RH15 9AS |
| NV Transport Limited (Registered number: 05409034) |
| Balance Sheet |
| 31st December 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 3 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| NV Transport Limited (Registered number: 05409034) |
| Balance Sheet - continued |
| 31st December 2015 |
| The financial statements were approved by the Board of Directors on on its behalf by: |
| NV Transport Limited (Registered number: 05409034) |
| Notes to the Financial Statements |
| for the Year Ended 31st December 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Financial reporting standard 102 - reduced disclosure exemptions |
| The company has taken advantage of the following disclosure exemption in preparing these financial |
| statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and |
| Republic of Ireland": |
| • | the requirements of Section 7 Statement of Cash Flows. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| 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. |
| 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 profit or loss over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a money purchase pension scheme. Contributions for the year are charged to |
| the profit and loss account. |
| NV Transport Limited (Registered number: 05409034) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st January 2015 |
| Additions |
| Disposals | ( |
) |
| At 31st December 2015 |
| DEPRECIATION |
| At 1st January 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st December 2015 |
| NET BOOK VALUE |
| At 31st December 2015 |
| At 31st December 2014 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st January 2015 |
| Additions |
| Disposals | ( |
) |
| At 31st December 2015 |
| DEPRECIATION |
| At 1st January 2015 |
| Charge for year |
| Eliminated on disposal | (57,000 | ) |
| At 31st December 2015 |
| NET BOOK VALUE |
| At 31st December 2015 |
| At 31st December 2014 |
| NV Transport Limited (Registered number: 05409034) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2015 |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2015 | 2014 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2015 | 2014 |
| £ | £ |
| Hire purchase contracts (see note 6) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2015 | 2014 |
| £ | £ |
| Hire purchase contracts (see note 6) |
| 6. | LEASING AGREEMENTS |
| Minimum lease payments under hire purchase fall due as follows: |
| 2015 | 2014 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2015 | 2014 |
| £ | £ |
| Invoice finance | 574,090 | 375,371 |
| Invoice finance is secured via a charge over the book debts of the company. |
| NV Transport Limited (Registered number: 05409034) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2015 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 | 500 | 1,000 |
| (2014 - 1,000 ) |
| Ordinary B | £1 | 400 | - |
| Ordinary C | £1 | 100 | - |
| 1,000 | 1,000 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st January 2015 |
| Profit for the year |
| At 31st December 2015 |
| 10. | RELATED PARTY DISCLOSURES |
| The following sales and purchases were made to associated companies (via common |
| control) during the year: |
Sales |
Purchases |
Debtors |
Credito rs |
Loans |
| Madestein (UK) Ltd |
£318,95 2 |
£69,505 |
£24,244 |
£11,790 |
£220,000 |
| Fresh Willow Ltd |
£4850 |
£9455 |
£1,424 |
(£13,218 ) |
| Protechnic (Chichester) Ltd |
£1957 |
£150 |
| N V Produce Ltd £1,807 £852 |