Drypool Freight Services Limited - Accounts to registrar (filleted) - small 18.1

Drypool Freight Services Limited - Accounts to registrar (filleted) - small 18.1

DRYPOOL FREIGHT SERVICES LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v18.1.0.975 02964238 director 1.10.16 30.9.17 30.9.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure029642382016-09-30029642382017-09-30029642382016-10-012017-09-30029642382015-09-30029642382015-10-012016-09-30029642382016-09-3002964238ns15:EnglandWales2016-10-012017-09-3002964238ns14:PoundSterling2016-10-012017-09-3002964238ns10:Director12016-10-012017-09-3002964238ns10:PrivateLimitedCompanyLtd2016-10-012017-09-3002964238ns10:SmallEntities2016-10-012017-09-3002964238ns10:AuditExempt-NoAccountantsReport2016-10-012017-09-3002964238ns10:SmallCompaniesRegimeForDirectorsReport2016-10-012017-09-3002964238ns10:SmallCompaniesRegimeForAccounts2016-10-012017-09-3002964238ns10:FullAccounts2016-10-012017-09-3002964238ns10:RegisteredOffice2016-10-012017-09-3002964238ns5:CurrentFinancialInstruments2017-09-3002964238ns5:CurrentFinancialInstruments2016-09-3002964238ns5:ShareCapital2017-09-3002964238ns5:ShareCapital2016-09-3002964238ns5:RetainedEarningsAccumulatedLosses2017-09-3002964238ns5:RetainedEarningsAccumulatedLosses2016-09-3002964238ns5:ComputerEquipment2016-10-012017-09-3002964238ns5:ComputerEquipment2016-09-3002964238ns5:ComputerEquipment2017-09-3002964238ns5:ComputerEquipment2016-09-3002964238ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-09-3002964238ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-09-3002964238ns5:AllOrdinarySharesHeld2017-09-3002964238ns5:AllOrdinarySharesHeld2016-09-30


REGISTERED NUMBER: 02964238 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

DRYPOOL FREIGHT SERVICES LIMITED
DRYPOOL FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 02964238)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRYPOOL FREIGHT SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2017







DIRECTOR: E T Jarvis





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 02964238 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF
-1-
DRYPOOL FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 02964238)

BALANCE SHEET
30 September 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,356 1,058

CURRENT ASSETS
Debtors 5 86,194 104,913
Investments 6 29,740 28,481
Cash at bank and in hand 27,627 40,250
143,561 173,644
CREDITORS
Amounts falling due within one year 7 78,800 101,384
NET CURRENT ASSETS 64,761 72,260
TOTAL ASSETS LESS CURRENT
LIABILITIES
66,117
73,318

PROVISIONS FOR LIABILITIES 257 211
NET ASSETS 65,860 73,107

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 65,858 73,105
SHAREHOLDERS' FUNDS 65,860 73,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

-2- continued...
DRYPOOL FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 02964238)

BALANCE SHEET - continued
30 September 2017


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 20 February 2018 and were signed by:





E T Jarvis - Director


The notes form part of these financial statements

-3-
DRYPOOL FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 02964238)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2017


1. STATUTORY INFORMATION

Drypool Freight Services Limited is a private company limited by shares and incorporated and domiciled in
England. It has its registered office at Beckside Court, Annie Reed Road, Beverley, HU17 0LF and principle
place of business at D6B Chamberlain Business Centre, Chamberlain Road, Hull, HU8 8HL.

The principal activity of the Company is that of a road freight transport company.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of
the going concern basis of accountancy is appropriate as, in the opinion of the director, there are no material
uncertainties related to events or conditions that may cast significant doubt about the ability of the company to
continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration
received or receivable. Turnover excludes value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 30% 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 balance sheet date.


-4- continued...
DRYPOOL FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 02964238)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2017


2. ACCOUNTING POLICIES - continued
Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2016 1,185
Additions 535
At 30 September 2017 1,720
DEPRECIATION
At 1 October 2016 127
Charge for year 237
At 30 September 2017 364
NET BOOK VALUE
At 30 September 2017 1,356
At 30 September 2016 1,058

-5- continued...
DRYPOOL FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 02964238)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2017


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 85,630 103,808
Other debtors 564 1,105
86,194 104,913

6. CURRENT ASSET INVESTMENTS
2017 2016
£    £   
Listed investments 29,740 28,481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 68,807 86,085
Taxation and social security 5,045 14,359
Other creditors 4,948 940
78,800 101,384

8. RELATED PARTY DISCLOSURES

The company has contracted during the year on normal trade terms with other companies in which the
director is involved.

Balance due from related party included in trade debtors at the year end £648 (2016 £6,216).


The dividends paid during the year amounting to £16,800 were paid to the directors/shareholders.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the director who together with his ex wife own 100% of the issued
ordinary share capital.

-6-