Lievesley Transport Limited - Accounts

Lievesley Transport Limited - Accounts

LIEVESLEY TRANSPORT LIMITED - Company Information

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Registered Number : 05191723
England and Wales

 

 

 

LIEVESLEY TRANSPORT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2016

End date: 31 July 2017

Lievesley Transport Limited
Contents Page
For the year ended 31 July 2017
As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 July 2017 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.



....................................................
Peak Management Associates (Ashbourne) Limited
King Edward Street
Ashbourne
Derbyshire
DE6 1BW
18 April 2018
1
 
 		 Notes
 		 2017
£		   2016
£
Fixed assets      
Tangible fixed assets 2 5,121    6,839 
5,121    6,839 
Current assets      
Stocks 170    0 
Debtors 2,968    3,038 
Cash at bank and in hand 913    1,196 
4,051    4,234 
Creditors: amount falling due within one year (60,996)   (60,947)
Net current assets (56,945)   (56,713)
 
Total assets less current liabilities (51,824)   (49,874)
Net assets (51,824)   (49,874)
 

Capital and reserves 		     
Called up share capital 3 1    1 
Profit and loss account (51,825)   (49,875)
Shareholders funds (51,824)   (49,874)
 


For the year ended 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of directors


--------------------------------
Mr M Lievesley
Director

Date approved by the board: 18 April 2018
2
Statutory Information
Lievesley Transport Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 05191723.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: 
Computer Equipment 33% Reducing Balance
Motor Vehicles 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or Valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 01 August 2016 11,995    496    12,491 
Additions -    -    - 
Disposals -    -    - 
At 31 July 2017 11,995    496    12,491 
Depreciation
At 01 August 2016 5,248    404    5,652 
Charge for year 1,687    31    1,718 
On disposals -    -    - 
At 31 July 2017 6,935    435    7,370 
Net book values
Closing balance as at 31 July 2017 5,060    61    5,121 
Opening balance as at 01 August 2016 6,747    92    6,839 


3.

Share Capital

Authorised
1 Ordinary shares of £1.00 each
Allotted
2017
£		   2016
£
1 Ordinary shares of £1.00 each 1    1 
1    1 

3