GT Transport (Derbyshire) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09126116 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st July 2017

for

GT Transport (Derbyshire) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Taylor

REGISTERED OFFICE:

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

REGISTERED NUMBER:

09126116 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

4

16,757

7,615

CURRENT ASSETS

Debtors

7,421

12,144

Cash at bank

8,059

13,975

15,480

26,119

CREDITORS

Amounts falling due within one year

12,811

15,866

NET CURRENT ASSETS

2,669

10,253

TOTAL ASSETS LESS CURRENT LIABILITIES

19,426

17,868

CREDITORS

Amounts falling due after more than one year

6,291

-

NET ASSETS

13,135

17,868

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5

13,035

17,768

SHAREHOLDERS' FUNDS

13,135

17,868

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st July 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 15th April 2018 and were signed by:

G Taylor - Director

1.	STATUTORY INFORMATION

GT Transport (Derbyshire) Limited is a private company, limited by shares , registered in England and Wales.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st August 2016

13,360

Additions

21,035

Disposals

(12,736

)

At 31st July 2017

21,659

DEPRECIATION

At 1st August 2016

5,745

Charge for year

4,729

Eliminated on disposal

(5,572

)

At 31st July 2017

4,902

NET BOOK VALUE

At 31st July 2017

16,757

At 31st July 2016

7,615

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

Additions

19,815

At 31st July 2017

19,815

DEPRECIATION

Charge for year

4,533

At 31st July 2017

4,533

NET BOOK VALUE

At 31st July 2017

15,282

5.

RESERVES

Retained

earnings

£

At 1st August 2016

17,768

Profit for the year

10,267

Dividends

(15,000

)

At 31st July 2017

13,035

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors is £243 (2016: £872) that is owed by the company to the director, Mr G Taylor. This loan

is interest free and repayable on demand.

7.	RELATED PARTY DISCLOSURES

The controlling party is G Taylor.