WESTON TRANSPORT LIMITED

WESTON TRANSPORT LIMITED

WESTON TRANSPORT LIMITED - Company Information

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WESTON TRANSPORT LIMITED

Company Registration Number:
SC175456 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

WESTON TRANSPORT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2017

Balance sheet
Notes

WESTON TRANSPORT LIMITED

Balance sheet

As at 31 March 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 1,075,555 1,210,124
Total fixed assets: 1,075,555 1,210,124
Current assets
Debtors: 3 1,210,379 1,015,664
Cash at bank and in hand: 558,368 664,941
Total current assets: 1,768,747 1,680,605
Creditors: amounts falling due within one year: 4 (727,123) (847,564)
Net current assets (liabilities): 1,041,624 833,041
Total assets less current liabilities: 2,117,179 2,043,165
Creditors: amounts falling due after more than one year: 5 (259,726) (387,162)
Provision for liabilities: (74,287) (79,436)
Total net assets (liabilities): 1,783,166 1,576,567
Capital and reserves
Called up share capital: 40,400 40,400
Profit and loss account: 1,742,766 1,536,167
Shareholders funds: 1,783,166 1,576,567

The notes form part of these financial statements

WESTON TRANSPORT LIMITED

Balance sheet statements

For the year ending 31 March 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 09 December 2017
and signed on behalf of the board by:

Name: Graeme Sherry
Status: Director

The notes form part of these financial statements

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for the rendering of services.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses, Depreciation is provided at the following annual rates -Plant and machinery - 10%,16.67%,20% and 25% straight line.

Other accounting policies

Finance leased assetsA lease is classed as a finance lease if it transfers substantially all the risks and rewards incidental to ownership.PensionsContributions to defined contribution plans are expensed in the period to which they relate.ProvisionsProvisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017


2. Tangible Assets

Total
Cost £
At 01 April 2016 3,535,921
Additions 218,733
Disposals (230,672)
At 31 March 2017 3,523,982
Depreciation
At 01 April 2016 2,325,797
Charge for year 353,302
On disposals (230,672)
At 31 March 2017 2,448,427
Net book value
At 31 March 2017 1,075,555
At 31 March 2016 1,210,124

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

3. Debtors


2017
£
2016
£
Debtors due after more than one year: 0 0

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

4. Creditors: amounts falling due within one year note

2017 2016Obligations under finance lease contract 193,867 300,000Trade creditors 224,551 166,538Corporation tax 74,959 33,924Other taxes 114,394 117,299Other creditors 119,352 229,803

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

5. Creditors: amounts falling due after more than one year note

2017 2016Obligations under finance lease contract 259,726 387,162