Trailertrans (Europe) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01886995 (England and Wales)

TRAILERTRANS (EUROPE) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

A Frow

J A Frow

SECRETARY:

J A Frow

REGISTERED OFFICE:

Eastfield Road

South Killingholme

Immingham

North Lincolnshire

DN40 3DQ

REGISTERED NUMBER:

01886995 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Trailertrans (Europe) Limited for the year ended 31st March 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Trailertrans (Europe) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trailertrans (Europe) Limited and state those matters that we have agreed to state to the Board of Directors of Trailertrans (Europe) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trailertrans (Europe) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trailertrans (Europe) Limited. You consider that Trailertrans (Europe) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trailertrans (Europe) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

22nd August 2018

FIXED ASSETS

Tangible assets

4

178,894

235,883

Investments

5

41,314

41,314

220,208

277,197

CURRENT ASSETS

Debtors

6

842,668

629,294

Cash at bank and in hand

198,194

268,575

1,040,862

897,869

CREDITORS

Amounts falling due within one year

7

862,738

663,743

NET CURRENT ASSETS

178,124

234,126

TOTAL ASSETS LESS CURRENT LIABILITIES

398,332

511,323

PROVISIONS FOR LIABILITIES

18,248

29,059

NET ASSETS

380,084

482,264

CAPITAL AND RESERVES

Called up share capital

2,648

2,648

Capital redemption reserve

360

360

Retained earnings

377,076

479,256

SHAREHOLDERS' FUNDS

380,084

482,264

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 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 Income Statement has not been delivered.

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

A Frow - Director

1.	STATUTORY INFORMATION

Trailertrans (Europe) 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 represents net invoiced services, 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.

Office Building

-

10% on cost

Trailers

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

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 12 (2017 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Office

Office

Building

Trailers

equipment

£

£

£

COST

At 1st April 2017

34,562

336,097

22,432

At 31st March 2018

34,562

336,097

22,432

DEPRECIATION

At 1st April 2017

34,562

172,876

14,237

Charge for year

-

40,805

1,639

At 31st March 2018

34,562

213,681

15,876

NET BOOK VALUE

At 31st March 2018

-

122,416

6,556

At 31st March 2017

-

163,221

8,195

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2017

77,590

20,395

491,076

Additions

-

3,610

3,610

At 31st March 2018

77,590

24,005

494,686

DEPRECIATION

At 1st April 2017

17,133

16,385

255,193

Charge for year

15,114

3,041

60,599

At 31st March 2018

32,247

19,426

315,792

NET BOOK VALUE

At 31st March 2018

45,343

4,579

178,894

At 31st March 2017

60,457

4,010

235,883

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2017

and 31st March 2018

41,314

NET BOOK VALUE

At 31st March 2018

41,314

At 31st March 2017

41,314

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

766,117

615,007

Other debtors

76,551

14,287

842,668

629,294

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

543,939

375,217

Amounts owed to group undertakings

33,753

44,679

Taxation and social security

142,756

150,011

Other creditors

142,290

93,836

862,738

663,743

8.	ULTIMATE CONTROLLING PARTY

The controlling party is A Frow.