M_T_TRANSPORT_(UK)_LIMITE - Accounts

MT TRANSPORT (UK) LIMITED - Company Information

Print Friendly Version

Company Registration No. 05424609 (England and Wales)

M T TRANSPORT (UK) LIMITED

T/AS DAJU

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

M T TRANSPORT (UK) LIMITED

T/AS DAJU

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

M T TRANSPORT (UK) LIMITED

T/AS DAJU

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

791,967

594,259

Current assets

Debtors

231,457

420,592

Cash at bank and in hand

28,956

260,413

420,592

Creditors: amounts falling due within one year

(350,846)

(378,283)

Net current (liabilities)/assets

(90,433)

42,309

Total assets less current liabilities

701,534

636,568

Creditors: amounts falling due after more than one year

(209,504)

(178,165)

Provisions for liabilities

(65,343)

(58,617)

426,687

399,786

Capital and reserves

Called up share capital

100

Profit and loss account

426,587

399,686

Shareholders' funds

426,687

399,786

M T TRANSPORT (UK) LIMITED

T/AS DAJU

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 29 October 2014

B J Millard

Director

Company Registration No. 05424609

M T TRANSPORT (UK) LIMITED

T/AS DAJU

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Plant and machinery

25% Reducing Balance Basis

Fixtures, fittings & equipment

25% Reducing Balance Basis

Motor vehicles

20% Reducing Balance Basis

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

M T TRANSPORT (UK) LIMITED

T/AS DAJU

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Fixed assets

Tangible assets

Cost

At 1 April 2013

783,155

Additions

477,209

Disposals

(191,000)

At 31 March 2014

1,069,364

Depreciation

At 1 April 2013

188,896

On disposals

(53,494)

Charge for the year

141,995

At 31 March 2014

277,397

Net book value

At 31 March 2014

791,967

At 31 March 2013

594,259

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Other transactions

During the year the company traded on a normal commercial basis with the following businesses in which the directors family have a material interest. Costs in the accounts for the year include J D Services £28,000 for the purchase of trailers and sales to Enablelink Limited of £1,146,028.

At the balance sheet date included in other creditors is an amount of £50,556 owed to JD Services and an amount of £34,513 ( 2013 - £36,513 ) owed of the director of the company.