WESTON TRANSPORT LIMITED

WESTON TRANSPORT LIMITED

WESTON TRANSPORT LIMITED - Company Information

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WESTON TRANSPORT LIMITED

Company Registration Number:
SC175456 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

WESTON TRANSPORT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

WESTON TRANSPORT LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 1,120,423 1,075,555
Total fixed assets: 1,120,423 1,075,555
Current assets
Debtors:   1,405,483 1,210,379
Cash at bank and in hand: 867,350 558,368
Total current assets: 2,272,833 1,768,747
Creditors: amounts falling due within one year: 3 (843,168) (727,123)
Net current assets (liabilities): 1,429,665 1,041,624
Total assets less current liabilities: 2,550,088 2,117,179
Creditors: amounts falling due after more than one year: 4 (408,160) (259,726)
Provision for liabilities: (71,343) (74,287)
Total net assets (liabilities): 2,070,585 1,783,166
Capital and reserves
Called up share capital: 70,600 40,400
Profit and loss account: 1,999,985 1,742,766
Shareholders funds: 2,070,585 1,783,166

The notes form part of these financial statements

WESTON TRANSPORT LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 October 2018
and signed on behalf of the board by:

Name: Graeme Sherry
Status: Director

The notes form part of these financial statements

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for the rendering of haulage services.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates - Plant and machinery - 10%, 16.67%, 20% and 25% straight line.

Other accounting policies

Finance lease assetsA lease in classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership.PensionsContributions to defined contribution plans are expensed in the period to which they relate.ProvisionsProvisions are recognised when there is an obligation at the reporting date as a result of a past event it is probable that an economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Tangible Assets

Total
Cost £
At 01 April 2017 3,523,982
Additions 405,273
Disposals (214,591)
At 31 March 2018 3,714,664
Depreciation
At 01 April 2017 2,448,427
Charge for year 360,405
On disposals (214,591)
At 31 March 2018 2,594,241
Net book value
At 31 March 2018 1,120,423
At 31 March 2017 1,075,555

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Creditors: amounts falling due within one year note

Finance leases 237,872Trade creditors 271,766Corporation tax 68,354Other taxes 130,471Other creditors 134,705

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Creditors: amounts falling due after more than one year note

Finance lease 408,160 259,726