Open Transport Ltd - Accounts to registrar - small 17.2

Open Transport Ltd - Accounts to registrar - small 17.2

OPEN TRANSPORT LTD - Company Information

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REGISTERED NUMBER: 09255115









Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Open Transport Ltd

Open Transport Ltd (Registered number: 09255115)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Report of the Director 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Open Transport Ltd

Company Information
for the Year Ended 31 March 2017







DIRECTOR: L Caffarri





SECRETARY: L Caffarri





REGISTERED OFFICE: 3 Hurlock Street
London
N5 1EQ





REGISTERED NUMBER: 09255115





ACCOUNTANTS: Ellis Dennis Warwick LLP
59 Berks Hill
Chorleywood
Hertfordshire
WD3 5AJ
Page 1
Open Transport Ltd (Registered number: 09255115)

Report of the Director
for the Year Ended 31 March 2017

The director presents his report with the financial statements of the company for the year ended 31 March 2017.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of software consultancy.

DIRECTORS
L Caffarri has held office during the whole of the period from 1 April 2016 to the date of this report.

Other changes in directors holding office are as follows:

Ms A Duyckaerts ceased to be a director after 31 March 2017 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006
relating to small companies.

ON BEHALF OF THE BOARD:





L Caffarri - Director


31 December 2017

Page 2
Open Transport Ltd (Registered number: 09255115)

Statement of Financial Position
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 3,152 4,012
Tangible assets 4 1,292 -
4,444 4,012

CURRENT ASSETS
Debtors 5 16,061 10,137
Cash in hand 27,563 152
43,624 10,289
CREDITORS
Amounts falling due within one year 6 79,101 20,359
NET CURRENT LIABILITIES (35,477 ) (10,070 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(31,033
)
(6,058
)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (31,133 ) (6,158 )
SHAREHOLDERS' FUNDS (31,033 ) (6,058 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 December 2017 and were signed by:





L Caffarri - Director


The notes form part of these financial statements

Page 3
Open Transport Ltd (Registered number: 09255115)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Open Transport Ltd is a private company, limited by shares , registered in Not specified/Other. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The director has confirm he will continue to support the company for another 12 months for the date of
the signing of these accounts.

Page 4 continued...
Open Transport Ltd (Registered number: 09255115)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2016
and 31 March 2017 4,300
AMORTISATION
At 1 April 2016 288
Charge for year 860
At 31 March 2017 1,148
NET BOOK VALUE
At 31 March 2017 3,152
At 31 March 2016 4,012

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,565
At 31 March 2017 1,565
DEPRECIATION
Charge for year 273
At 31 March 2017 273
NET BOOK VALUE
At 31 March 2017 1,292

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 16,061 10,137

Included in Trade Debtors is an amount of £15,461.11 owed to Ubicabs Tech Limited, a company
under common control.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade creditors 63,179 1,083
Taxation and social security 7,073 658
Other creditors 8,849 18,618
79,101 20,359

Page 5 continued...
Open Transport Ltd (Registered number: 09255115)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in Trade Creditors is an amount of £29,648.48 owed to Ubicabs Tech Limited, a company
under common control.

7. RELATED PARTY DISCLOSURES

During the year, Open Transport Limited invoiced Ubicabs Tech Limited £2,850 for tech services, a
company under common control,

8. FIRST YEAR ADOPTION

There is no effect of transition to FRS102 and as such no Reconciliation of Equity or Reconciliation of
Profit have been included in these Financial Statements.


Page 6