Abbreviated Company Accounts - LEADER TRUCKS LIMITED

LEADER TRUCKS LIMITED - Company Information

02022314 LEADER TRUCKS LIMITED 2016-11-30 false 2015-12-01 2016-11-30 true 02022314 2015-12-01 2016-11-30 02022314 2016-11-30 02022314 2015-11-30 02022314 uk-gaap-cd-bus:Director1 2015-12-01 2016-11-30 02022314 uk-gaap-cd-bus:Director2 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 iso4217:GBP shares

Registered Number 02022314

LEADER TRUCKS LIMITED

Abbreviated Accounts

30 November 2016

LEADER TRUCKS LIMITED Registered Number 02022314

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	28,977	22,907
		28,977	22,907
Current assets
Stocks		1,931	3,822
Debtors		188,334	225,817
Cash at bank and in hand		99,318	118,710
		289,583	348,349
Prepayments and accrued income		16,138	15,557
Creditors: amounts falling due within one year		(65,038)	(81,975)
Net current assets (liabilities)		240,683	281,931
Total assets less current liabilities		269,660	304,838
Creditors: amounts falling due after more than one year		(1,374)	(20,566)
Provisions for liabilities		(95,603)	(88,600)
Accruals and deferred income		(8,000)	(8,000)
Total net assets (liabilities)		164,683	187,672
Capital and reserves
Called up share capital	3	50,000	50,000
Profit and loss account		114,683	137,672
Shareholders' funds		164,683	187,672

For the year ending 30 November 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:
J D Knowlden, Director

LEADER TRUCKS LIMITED Registered Number 02022314

Notes to the Abbreviated Accounts for the period ended 30 November 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 April 2008.

Turnover policy
Turnover represents the value of goods and services supplied by the company, net of value added tax and discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 15% reducing balance
Motor vehicles 20% reducing balance

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 December 2015	98,352
Additions	25,193
Disposals	(42,810)
Revaluations	-
Transfers	-
At 30 November 2016	80,735
Depreciation
At 1 December 2015	75,445
Charge for the year	7,468
On disposals	(31,155)
At 30 November 2016	51,758
Net book values
At 30 November 2016	28,977
At 30 November 2015	22,907

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

	2016 £	2015 £
50,000 Ordinary shares of £1 each	50,000	50,000