OTTO TRANSPORT LIMITED - Abbreviated accounts

OTTO TRANSPORT LIMITED

Abbreviated Accounts

30 November 2016

Registered number

09328220

OTTO TRANSPORT LIMITED
Registered number:		09328220
Abbreviated Balance Sheet
as at 30 November 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		151			301

Current assets
Debtors		460			1,013
Cash at bank and in hand		19,641			4,347
		20,101			5,360

Creditors: amounts falling due within one year		(5,071)			(4,685)

Net current assets			15,030			675

Net assets			15,181			976

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			15,081			876

Shareholders' funds			15,181			976

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



J Kuc
Director
Approved by the board on 6 April 2017

OTTO TRANSPORT LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 November 2016

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Equipment			25% straight line


	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 December 2015					450
	At 30 November 2016					450

	Depreciation
	At 1 December 2015					149
	Charge for the year					150
	At 30 November 2016					299

	Net book value
	At 30 November 2016					151
	At 30 November 2015					301


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100