M._F._TYLER_TRANSPORT_LIM - Accounts

M.F. TYLER TRANSPORT LIMITED - Company Information

Print Friendly Version

Company Registration No. 01433732 (England and Wales)

M. F. TYLER TRANSPORT LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

M. F. TYLER TRANSPORT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

M. F. TYLER TRANSPORT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

416,226

421,822

Current assets

Stocks

8,000

Debtors

869,064

937,856

Cash at bank and in hand

436,589

251,685

1,305,653

1,197,541

Creditors: amounts falling due within one year

(500,453)

(492,608)

Net current assets

805,200

704,933

Total assets less current liabilities

1,221,426

1,126,755

Creditors: amounts falling due after more than one year

(6,094)

(9,360)

Provisions for liabilities

(74,921)

(84,000)

1,140,411

1,033,395

Capital and reserves

Called up share capital

3,800

Other reserves

1,200

Profit and loss account

1,135,411

1,028,395

Shareholders' funds

1,140,411

1,033,395

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

Directors' responsibilities:

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

The directors acknowledge their 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 7 December 2016

Mr K Tyler

Director

Company Registration No. 01433732

M. F. TYLER TRANSPORT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 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

Turnover

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

1.3

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

25% on a staraight line basis

Plant and machinery

15%, 17.5% and 25% on a straight line basis

Computer equipment

33% on a straight line basis

Motor vehicles

25% on a straight line basis

1.4

Leasing

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Stock

Work in progress is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

1.8

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 400 of the Companies Act 2006 as it is a subsidiary undertaking of Lark (Staffs) Limited , a company incorporated in England and Wales.

M. F. TYLER TRANSPORT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 September 2015

917,287

Additions

208,024

Disposals

(65,050)

At 31 August 2016

1,060,261

Depreciation

At 1 September 2015

495,465

On disposals

(42,025)

Charge for the year

190,595

At 31 August 2016

644,035

Net book value

At 31 August 2016

416,226

At 31 August 2015

421,822

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £14,985 (2015 - £12,480).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £6,094 (2015 - £9,360).

Share capital

2016

2015

Allotted, called up and fully paid

3,800 Ordinary shares of £1 each

3,800

Ultimate parent company

The ultimate parent company is Lark (Staffs) Limited, a company incorporated in England and Wales.