Abbreviated Company Accounts - DARREN KELLY TRANSPORT LIMITED

DARREN KELLY TRANSPORT LIMITED - Company Information

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Registered Number 06711846

DARREN KELLY TRANSPORT LIMITED

Abbreviated Accounts

30 September 2016

DARREN KELLY TRANSPORT LIMITED Registered Number 06711846

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	44,112	47,476
		44,112	47,476
Current assets
Stocks		21,551	27,517
Debtors		485,836	401,515
Cash at bank and in hand		133,518	106,964
		640,905	535,996
Creditors: amounts falling due within one year		(237,278)	(227,969)
Net current assets (liabilities)		403,627	308,027
Total assets less current liabilities		447,739	355,503
Total net assets (liabilities)		447,739	355,503
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		447,735	355,499
Shareholders' funds		447,739	355,503

For the year ending 30 September 2016 the company was entitled to exemption 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.

Approved by the Board on 31 May 2017

And signed on their behalf by:
D B Kelly, Director

DARREN KELLY TRANSPORT LIMITED Registered Number 06711846

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordainary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment- 20% reducing balance
Motor vehicles- 25% reducing balance

Valuation information and policy
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.

Other accounting policies
Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

2Tangible fixed assets

	£
Cost
At 1 October 2015	90,342
Additions	14,556
Disposals	(6,546)
Revaluations	-
Transfers	-
At 30 September 2016	98,352
Depreciation
At 1 October 2015	42,866
Charge for the year	12,548
On disposals	(1,174)
At 30 September 2016	54,240
Net book values
At 30 September 2016	44,112
At 30 September 2015	47,476

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
4 Ordinary shares of £1 each	4	4

4Transactions with directors

Name of director receiving advance or credit:	D B Kelly
Description of the transaction:	Directors Loan Account
Balance at 1 October 2015:	£ 93,960
Advances or credits made:	£ 42,498
Advances or credits repaid:	-
Balance at 30 September 2016:	£ 136,458

During the year dividends amounting to £29,250 were paid to Mr D B Kelly.