Company Registration No. 09083812 (England and Wales)
Seven Sixty Logistics Limited
Abbreviated unaudited accounts
for the year ended 30 June 2016
Seven Sixty Logistics Limited
Abbreviated Balance Sheet
as at 30 June 2016
Tangible assets
5,577
5,948
Cash at bank and in hand
15,179
16,537
Creditors: amounts falling due within one year
(175,639)
(85,327)
Net current assets
45,776
31,118
Total assets less current liabilities
51,353
37,066
Creditors: amounts falling due after more than one year
(35,000)
(35,308)
Provisions for liabilities
(1,115)
(619)
Called up share capital
1
1
Profit and loss account
15,237
1,138
Total shareholders' funds
15,238
1,139
For the year ending 30 June 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 22 November 2016
Simon Adams
Director
Company Registration No. 09083812
Seven Sixty Logistics Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% reducing balance
Computer equipment
25% straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of obligations is charged to the profit and loss account in equal monthly amounts.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
