The Knighton Truck Company Limited - Period Ending 2015-12-31

Registration number: 01877475

 

The Knighton Truck Company Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

The Knighton Truck Company Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3

The Knighton Truck Company Limited
balance sheet as at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					4,393			5,858
Current assets
Stocks					5,250			5,250
Debtors					87,468			87,509
Cash at bank and in hand					6,153			6,971
					98,871			99,730
Creditors: Amounts falling due within one year					(30,872)			(30,909)
Net current assets					67,999			68,821
Total net assets					72,392			74,679
Capital and reserves
Called up share capital		3			10,000			10,000
Profit and loss account					62,392			64,679
Shareholders' funds					72,392			74,679

The notes on page 3 form an integral part of these financial statements.
Page 1

The Knighton Truck Company Limited
balance sheet as at 31 December 2015
......... continued

For the year ending 31 December 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 28 September 2016 and signed on its behalf by:

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

The notes on page 3 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 2015
......... 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 January 2015).

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

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 2015		9,950			9,950
At 31 December 2015		9,950			9,950
Depreciation
At 1 January 2015		4,092			4,092
Charge for the year		1,465			1,465
At 31 December 2015		5,557			5,557
Net book value
At 31 December 2015		4,393			4,393
At 31 December 2014		5,858			5,858

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		10,000			10,000			10,000			10,000

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