Actua Transport Limited Company Accounts

ACTUA TRANSPORT LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09225899

ACTUA TRANSPORT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2017

ACTUA TRANSPORT LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2017

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 5

ACTUA TRANSPORT LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2017

	2017		2016
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		1,015		320

CURRENT ASSETS

Cash at bank and in hand	6,343		1,033

CREDITORS: amounts falling due within one year	6	4,831		4,550
		-------		-------
NET CURRENT ASSETS/(LIABILITIES)			1,512		( 3,517)
			-------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,527		( 3,197)
			-------		-------
NET ASSETS/(LIABILITIES)			2,527		( 3,197)
			-------		-------

CAPITAL AND RESERVES

Called up share capital	2	2
Profit and loss account	2,525	( 3,199)
	-------	-------
SHAREHOLDERS FUNDS/(DEFICIT)	2,527	( 3,197)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2017 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 .

ACTUA TRANSPORT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2017

These financial statements were approved by the board of directors and authorised for issue on 19 December 2017 , and are signed on behalf of the board by:

A.C. Ralph

Director

Company registration number: 09225899

ACTUA TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2017

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Greenhalgh Works, Ashley Street, Princess Way, Burnley, Lancashire, BB12 0BE.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2014. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.

(d) Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year for services provided.

(e) Taxation

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(f) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(g) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office Equipment	-	`10% per annum reducing balance`

(h) Financial instruments

Basic financial instruments are recognised at amortised cost.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2016: 2 ).

5. TANGIBLE ASSETS

	Office Equipment	Total
	£	£
Cost
At 1 April 2016	377	377
Additions	807	807
	-------	-------
At 31 March 2017	1,184	1,184
	-------	-------
Depreciation
At 1 April 2016	57	57
Charge for the year	112	112
	-------	-------
At 31 March 2017	169	169
	-------	-------
Carrying amount
At 31 March 2017	1,015	1,015
	-------	-------
At 31 March 2016	320	320
	-------	-------

6. CREDITORS: amounts falling due within one year

	2017	2016
	£	£
Accruals and deferred income	1,950	600
Corporation tax	378	–
Social security and other taxes	500	–
Other creditors	2,003	3,950
	-------	-------
	4,831	4,550
	-------	-------

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There are no transactions with directors that require disclosure under FRS 102.

8. RELATED PARTY TRANSACTIONS

The company was under the control of the directors throughout the year. No transactions with related parties were undertaken such as are required to be disclosed under the provisions of FRS 102 Section 1A.

9. TRANSITION TO FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2014.

No transitional adjustments were required in equity or profit or loss for the period.