Milestone Transport Planning Limited
Milestone Transport Planning Limited
Registered number: 05215129
Unaudited Financial Statements
For The Year Ended 31 August 2018
Munro and Partners Chartered Accountants
Old Chambers
93-94 West Street
Farnham
Surrey
GU9 7EB
Milestone Transport Planning Limited
Unaudited Financial Statements
For The Year Ended 31 August 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Milestone Transport Planning Limited
Balance Sheet
As at
31 August 2018
Balance Sheet
Registered number:
05215129
For the year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 6 |
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| CURRENT ASSETS | |||||
| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 353,978 | 286,485 | |||
Page 1
Milestone Transport Planning Limited
Balance Sheet (continued)
As at
31 August 2018
Directors' responsibilities:
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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. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Milestone Transport Planning Limited
Notes to the Financial Statements
For The Year Ended 31 August 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Fixtures & Fittings |
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1.4.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date.
4.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2018 | 2017 | ||
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| Office and administration |
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| Sales, marketing and distribution |
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Page 3
Milestone Transport Planning Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2018
6.
Tangible Assets
| Plant & Machinery | Fixtures & Fittings | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at |
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| Additions |
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| Disposals |
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| Depreciation | |||
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| Provided during the period |
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| Disposals |
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| Net Book Value | |||
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7.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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8.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Trade creditors |
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| Other taxes and social security |
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| VAT |
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| Credit card |
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| Accruals and deferred income |
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Page 4
Milestone Transport Planning Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2018
10.
Other Commitments
At the end of the period the company had minimum lease payments under non-cancellable leases as follows:
| Land and buildings | Other | |||
|---|---|---|---|---|
| 2018 | 2017 | 2018 | 2017 | |
| £ | £ | £ | £ | |
| Within 1 year | 7,008 | 26,106 | 12,907 | 12,907 |
| Between 1 and 5 years | 39,142 | 25,326 | 6,683 | 20,184 |
| 46,150 | 51,432 | 19,590 | 33,091 | |
11.
Directors Advances, Credits and Guarantees
Dividends paid to directors
| 2018 | 2017 | |
|---|---|---|
| £ | £ | |
| Mr M E Stevens | 132,908 | 96,907 |
| Mrs J Stevens | 107,830 | 93,153 |
12.
Dividends
| 2018 | 2017 | ||
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| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 250,799 | 190,540 | ||
13.
Ultimate Controlling Party
The company's ultimate controlling party is ME Stevens by virtue of his ownership of 53% of the issued share capital in the company.
14.
General Information
Milestone Transport Planning Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05215129 . The registered office is 32 The Copse, Rowledge, Farnham, Surrey, GU10 4BH.
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