Deacons Truck And Trailer Limited - Limited company - abbreviated

REGISTERED NUMBER: 05647583 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

DEACONS TRUCK AND TRAILER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G P Deacon

Mrs J A Deacon

SECRETARY:

Mrs J A Deacon

REGISTERED OFFICE:

Windover House

St Ann Street

Salisbury

SP1 2DR

REGISTERED NUMBER:

05647583 (England and Wales)

ACCOUNTANTS:

Fawcetts

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

2

7,577

11,517

CURRENT ASSETS

Stocks

5,200

6,000

Debtors

98,094

75,289

Cash at bank

1

10

103,295

81,299

CREDITORS

Amounts falling due within one year

108,953

89,061

NET CURRENT LIABILITIES

(5,658

)

(7,762

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,919

3,755

PROVISIONS FOR LIABILITIES

1,515

2,303

NET ASSETS

404

1,452

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

304

1,352

SHAREHOLDERS' FUNDS

404

1,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 November 2014 and were signed on its
behalf by:

G P Deacon - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which is thought to be appropriate

because the directors intend to provide additional funds to meet the company's liabilities as they fall due. The

financial statements do not contain any adjustments that might be necessary if the additional funds were not

available.

Accounting convention

The financial statements 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low

value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the

profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of

acquisition.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

42,024

Disposals

(10,482

)

At 31 March 2014

31,542

DEPRECIATION

At 1 April 2013

30,507

Charge for year

2,389

Eliminated on disposal

(8,931

)

At 31 March 2014

23,965

NET BOOK VALUE

At 31 March 2014

7,577

At 31 March 2013

11,517

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

2014

2013

£

G P Deacon

Balance outstanding at start of year

36,640

25,446

Amounts advanced

39,303

36,640

Amounts repaid

(33,916

)

(25,446

)

Balance outstanding at end of year

42,027

36,640

It is anticipated that the directors' overdrawn loan account will have been cleared after the year end.

Deacons Truck And Trailer Limited - Limited company - abbreviated - 11.6

Deacons Truck And Trailer Limited - Limited company - abbreviated - 11.6