ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

DEVINE-DEVINE TRANSPORT LIMITED - Company Information

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Caseware UK (AP4) 2016.0.181 2016.0.181 2017-11-302017-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-12-01 SC420346 2016-12-01 2017-11-30 SC420346 2017-11-30 SC420346 2016-11-30 SC420346 c:Director1 2016-12-01 2017-11-30 SC420346 d:CurrentFinancialInstruments 2017-11-30 SC420346 d:CurrentFinancialInstruments 2016-11-30 SC420346 d:Non-currentFinancialInstruments 2017-11-30 SC420346 d:Non-currentFinancialInstruments 2016-11-30 SC420346 d:CurrentFinancialInstruments d:WithinOneYear 2017-11-30 SC420346 d:CurrentFinancialInstruments d:WithinOneYear 2016-11-30 SC420346 d:ShareCapital 2017-11-30 SC420346 d:ShareCapital 2016-11-30 SC420346 d:RetainedEarningsAccumulatedLosses 2017-11-30 SC420346 d:RetainedEarningsAccumulatedLosses 2016-11-30 SC420346 c:FRS102 2016-12-01 2017-11-30 SC420346 c:AuditExempt-NoAccountantsReport 2016-12-01 2017-11-30 SC420346 c:FullAccounts 2016-12-01 2017-11-30 SC420346 c:PrivateLimitedCompanyLtd 2016-12-01 2017-11-30 iso4217:GBP

Registered number: SC420346









DEVINE-DEVINE TRANSPORT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2017
 
DEVINE-DEVINE TRANSPORT LIMITED
REGISTERED NUMBER: SC420346

BALANCE SHEET
AS AT 30 NOVEMBER 2017

2017
2016
Note
£
£

Fixed assets
  

Investments
 4 
1,268,299
1,268,299

  
1,268,299
1,268,299

Current assets
  

Cash at bank and in hand
 5 
4
54

  
4
54

Creditors: amounts falling due within one year
 6 
(1,268,552)
(1,268,542)

Net current liabilities
  
 
 
(1,268,548)
 
 
(1,268,488)

Total assets less current liabilities
  
(249)
(189)

  

Net liabilities
  
(249)
(189)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(349)
(289)

  
(249)
(189)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 May 2018.



George Devine
Director
The notes on pages 3 to 5 form part of these financial statements.
Page 1
 
DEVINE-DEVINE TRANSPORT LIMITED
REGISTERED NUMBER: SC420346
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2017


Page 2
 
DEVINE-DEVINE TRANSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017

1.


General information

Devine-Devine Transport Limited is a private company limited by shares, incorporated in Scotland within the United Kingdom (company number SC420346).  The address of the registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Page 3
 
DEVINE-DEVINE TRANSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017

3.


Employees

Staff costs were as follows:


The Company has no employees other than the directors, who did not receive any remuneration (2016 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2016 - 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2016
1,268,299



At 30 November 2017

1,268,299






Net book value



At 30 November 2017
1,268,299



At 30 November 2016
1,268,299


5.


Cash and cash equivalents

2017
2016
£
£

Cash at bank and in hand
4
54

4
54



6.


Creditors: Amounts falling due within one year

2017
2016
£
£

Other creditors
1,268,552
1,268,542

1,268,552
1,268,542


Page 4
 
DEVINE-DEVINE TRANSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017

7.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

 
Page 5