Thunderbird Freight Limited - Accounts to registrar (filleted) - small 18.1

Thunderbird Freight Limited - Accounts to registrar (filleted) - small 18.1

THUNDERBIRD FREIGHT LIMITED - Company Information

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REGISTERED NUMBER: 02575663 (England and Wales)
















THUNDERBIRD FREIGHT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018





Bland Baker
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY








THUNDERBIRD FREIGHT LIMITED (REGISTERED NUMBER: 02575663)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THUNDERBIRD FREIGHT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTORS: G.R. Newell
J. McQuade





SECRETARY: J. McQuade





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





BUSINESS ADDRESS: Woodland Place
Hurricane Way
Wickford Business Park
Wickford
Essex
SS11 8YB





REGISTERED NUMBER: 02575663 (England and Wales)





ACCOUNTANTS: Bland Baker
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY
Page 1
THUNDERBIRD FREIGHT LIMITED (REGISTERED NUMBER: 02575663)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,270 14,518

CURRENT ASSETS
Stocks 1,500 1,000
Debtors 5 241,980 279,494
Cash at bank 534,095 455,442
777,575 735,936
CREDITORS
Amounts falling due within one year 6 581,387 650,078
NET CURRENT ASSETS 196,188 85,858
TOTAL ASSETS LESS CURRENT
LIABILITIES
207,458
100,376

PROVISIONS FOR LIABILITIES 2,140 2,905
NET ASSETS 205,318 97,471

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 205,218 97,371
SHAREHOLDERS' FUNDS 205,318 97,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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

Page 2 continued...
THUNDERBIRD FREIGHT LIMITED (REGISTERED NUMBER: 02575663)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2018


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 22 May 2018 and were signed on its
behalf by:




G.R. Newell - Director



J. McQuade - Director


The notes form part of these financial statements

Page 3
THUNDERBIRD FREIGHT LIMITED (REGISTERED NUMBER: 02575663)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018

1. STATUTORY INFORMATION

Thunderbird Freight 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.

The presentation currency of the financial statements is the 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.

Turnover
The turnover represents the net invoiced sale of services less credits given and excluding value added
tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.


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.


Page 4 continued...
THUNDERBIRD FREIGHT LIMITED (REGISTERED NUMBER: 02575663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
Contributions in respect of the company's defined contribution pension scheme are charged to the
profit and loss account in the year in which they become payable in accordance with the rules of the
scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2017 32,095
Additions 240
At 31 January 2018 32,335
DEPRECIATION
At 1 February 2017 17,577
Charge for year 3,488
At 31 January 2018 21,065
NET BOOK VALUE
At 31 January 2018 11,270
At 31 January 2017 14,518

Page 5 continued...
THUNDERBIRD FREIGHT LIMITED (REGISTERED NUMBER: 02575663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

5. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Trade debtors 220,906 255,506
Other debtors 19,251 20,535
240,157 276,041

Amounts falling due after more than one year:
Other debtors 1,823 3,453

Aggregate amounts 241,980 279,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 140,859 181,310
Taxation and social security 83,246 63,393
Other creditors 357,282 405,375
581,387 650,078

7. CONTINGENT LIABILITIES

The company has given counter guarantees of £50,000 (2017 - £50,000) in respect of bank guarantees
and indemnities, of a like amount to H.M. Revenue and Customs.

8. RELATED PARTY DISCLOSURES

Controlling party
The company is controlled by the directors.

Balances with related parties
The company owed the directors the following amounts at 31 January 2018 and 31 January 2017:

20182017
££

G.R. Newell100,00020,000
J McQuade30,0008,000
Balances with the directors represent interest free loans, repayable on demand.

Page 6