WARRINGTON_TRUCK_VAN_LIMI - Accounts

WARRINGTON TRUCK VAN LIMITED - Company Information

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Company Registration No. 07931867 (England and Wales)

WARRINGTON TRUCK VAN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

WARRINGTON TRUCK VAN LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

WARRINGTON TRUCK VAN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

311,382

341,318

Current assets

Stocks

4,975

Debtors

489,959

586,398

Cash at bank and in hand

390,517

126,380

885,451

712,778

Creditors: amounts falling due within one year

(776,851)

(656,571)

Net current assets

108,600

56,207

Total assets less current liabilities

419,982

397,525

Creditors: amounts falling due after more than one year

(46,576)

(127,327)

Provisions for liabilities

(51,924)

(60,949)

321,482

209,249

Capital and reserves

Called up share capital

100

Profit and loss account

321,382

209,149

Shareholders' funds

321,482

209,249

WARRINGTON TRUCK VAN LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

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 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 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 9 March 2017

D Perry

Director

Company Registration No. 07931867

WARRINGTON TRUCK VAN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

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 truck and van repairs and vehicle hire provided net of VAT and trade discounts prior to the balance sheet date.

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:

Leasehold improvements

Over 5 years

Plant and machinery

25% per annum - straight line basis

Motor vehicles

25% per annum - straight line basis

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over 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.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

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. The deferred tax balance has not been discounted.

WARRINGTON TRUCK VAN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 April 2015

394,594

Additions

99,404

Disposals

(30,641)

At 31 March 2016

463,357

Depreciation

At 1 April 2015

53,276

On disposals

(10,922)

Charge for the year

109,621

At 31 March 2016

151,975

Net book value

At 31 March 2016

311,382

At 31 March 2015

341,318

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £143,931 (2015 - £176,757).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £46,576 (2015 - £127,327).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100