Company Registration No. 6982642 (England and Wales)
CTS Bus Limited
Unaudited accounts
for the year ended 31 August 2017
CTS Bus Limited
Unaudited accounts
Contents
CTS Bus Limited
Company Information
for the year ended 31 August 2017
Directors
Mr K J Musselwhite
Mr W Ward
Company Number
6982642 (England and Wales)
Registered Office
Unit 5 Aspley Business Park
Lincoln Street
Huddersfield
West Yorkshire
HD1 6RX
Accountants
Simpson Accounting Services
38 Kellington Lane
Eggborough
North Yorkshire
DN14 0LB
CTS Bus Limited
Statement of financial position
as at 31 August 2017
Tangible assets
3,777
4,721
Cash at bank and in hand
751
1,639
Creditors: amounts falling due within one year
(1,852)
(4,765)
Net current assets/(liabilities)
1,042
(1,933)
Called up share capital
1,000
1,000
Profit and loss account
3,819
1,788
Shareholders' funds
4,819
2,788
For the year ending 31 August 2017 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 10 May 2018.
Mr K J Musselwhite
Director
Company Registration No. 6982642
CTS Bus Limited
Notes to the Accounts
for the year ended 31 August 2017
CTS Bus Limited is a private company, limited by shares, registered in England and Wales, registration number 6982642. The registered office is Unit 5 Aspley Business Park, Lincoln Street, Huddersfield, West Yorkshire, HD1 6RX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2016
600
6,480
7,080
At 31 August 2017
600
6,480
7,080
At 1 September 2016
128
2,231
2,359
Charge for the year
94
850
944
At 31 August 2017
222
3,081
3,303
At 31 August 2017
378
3,399
3,777
At 31 August 2016
472
4,249
4,721
CTS Bus Limited
Notes to the Accounts
for the year ended 31 August 2017
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
3
(1)
Other creditors
1,849
4,840
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).