M_T_TRANSPORT_(UK)_LIMITE - Accounts

MT TRANSPORT (UK) LIMITED - Company Information

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Company Registration No. 05424609 (England and Wales)

M T TRANSPORT (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

M T TRANSPORT (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

M T TRANSPORT (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,442,258

1,151,618

Current assets

Debtors

321,007

281,606

Cash at bank and in hand

53,460

87,816

374,467

369,422

Creditors: amounts falling due within one year

(489,807)

(387,914)

Net current liabilities

(115,340)

(18,492)

Total assets less current liabilities

1,326,918

1,133,126

Creditors: amounts falling due after more than one year

(301,551)

(268,034)

Provisions for liabilities

(172,810)

(139,955)

852,557

725,137

Capital and reserves

Called up share capital

100

Profit and loss account

852,457

725,037

Shareholder's funds

852,557

725,137

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 September 2016

B J Millard

Director

Company Registration No. 05424609

M T TRANSPORT (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Plant and machinery

25% Reducing Balance Basis

Fixtures, fittings & equipment

25% Reducing Balance Basis

Motor vehicles

20% Reducing Balance Basis

Fixed assets

Tangible assets

Cost

At 1 April 2015

1,490,686

Additions

870,873

Disposals

(411,205)

At 31 March 2016

1,950,354

Depreciation

At 1 April 2015

339,069

On disposals

(108,390)

Charge for the year

277,417

At 31 March 2016

508,096

Net book value

At 31 March 2016

1,442,258

At 31 March 2015

1,151,618

M T TRANSPORT (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Other transactions

Included in other creditors is an amount of £30,920 (2014 £24,513 ) owed to the director of the company.