Mark Williams Express Freight Services L - Accounts to registrar (filleted) - small 18.2

Mark Williams Express Freight Services L - Accounts to registrar (filleted) - small 18.2

MARK WILLIAMS EXPRESS FREIGHT SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 03892997 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2018

for

Mark Williams Express Freight Services
Limited
Mark Williams Express Freight Services
Limited (Registered number: 03892997)






Contents of the Financial Statements
for the Year Ended 31 January 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Mark Williams Express Freight Services
Limited

Company Information
for the Year Ended 31 January 2018







DIRECTOR: M A Williams





SECRETARY: Filemark Limited





REGISTERED OFFICE: 37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH





REGISTERED NUMBER: 03892997 (England and Wales)





ACCOUNTANTS: Little & Neal
37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH
Page 1
Mark Williams Express Freight Services
Limited (Registered number: 03892997)

Abridged Balance Sheet
31 January 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,128 51,671

CURRENT ASSETS
Debtors 18,554 24,353
Cash at bank and in hand 73,787 74,354
92,341 98,707
CREDITORS
Amounts falling due within one year 49,510 52,108
NET CURRENT ASSETS 42,831 46,599
TOTAL ASSETS LESS CURRENT
LIABILITIES
85,959
98,270

CREDITORS
Amounts falling due after more than one
year
-
7,990
NET ASSETS 85,959 90,280

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 60,959 65,280
SHAREHOLDERS' FUNDS 85,959 90,280

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 director acknowledges his 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...
Mark Williams Express Freight Services
Limited (Registered number: 03892997)

Abridged Balance Sheet - 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 17 October 2018 and were signed by:





M A Williams - Director


The notes form part of these financial statements

Page 3
Mark Williams Express Freight Services
Limited (Registered number: 03892997)

Notes to the Financial Statements
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

Mark Williams Express Freight Services 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 sales of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost, 20% on cost and 15% on 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

Page 4 continued...
Mark Williams Express Freight Services
Limited (Registered number: 03892997)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2017 261,051
Additions 22,421
Disposals (30,731 )
At 31 January 2018 252,741
DEPRECIATION
At 1 February 2017 209,380
Charge for year 26,644
Eliminated on disposal (26,411 )
At 31 January 2018 209,613
NET BOOK VALUE
At 31 January 2018 43,128
At 31 January 2017 51,671

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 February 2017 94,838
Additions 13,850
At 31 January 2018 108,688
DEPRECIATION
At 1 February 2017 49,046
Charge for year 24,575
At 31 January 2018 73,621
NET BOOK VALUE
At 31 January 2018 35,067
At 31 January 2017 45,792

Page 5