Company Registration No. 02251235 (England and Wales)
Altrans Liquids Limited
Unaudited accounts
for the year ended 30 September 2018
Altrans Liquids Limited
Unaudited accounts
Contents
Altrans Liquids Limited
Company Information
for the year ended 30 September 2018
Directors
J Dembrey
D S Dembrey
Company Number
02251235 (England and Wales)
Registered Office
Sheephouse Farm
Uley Road
Dursley
Gloucestershire
GL11 5AD
Accountants
Edzell Lindsay Ltd
8 Ashgrove Road
Redland
Bristol
BS6 6LY
Altrans Liquids Limited
Statement of financial position
as at 30 September 2018
Tangible assets
209,036
232,797
Cash at bank and in hand
74,507
82,023
Creditors: amounts falling due within one year
(184,499)
(150,319)
Net current assets
187,659
142,231
Total assets less current liabilities
396,695
375,028
Creditors: amounts falling due after more than one year
(18,164)
(15,048)
Provisions for liabilities
Deferred tax
(15,515)
(18,407)
Net assets
363,016
341,573
Called up share capital
61,200
61,200
Profit and loss account
301,816
280,373
Shareholders' funds
363,016
341,573
For the year ending 30 September 2018 the company was entitled to exemption from audit 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 7 November 2018.
J Dembrey
Director
Company Registration No. 02251235
Altrans Liquids Limited
Notes to the Accounts
for the year ended 30 September 2018
Altrans Liquids Limited is a private company, limited by shares, registered in England and Wales, registration number 02251235. The registered office is Sheephouse Farm, Uley Road, Dursley, Gloucestershire, GL11 5AD.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% reducing balance
Plant & machinery
15% straight line
Motor vehicles
25% straight line
Fixtures & fittings
15% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Altrans Liquids Limited
Notes to the Accounts
for the year ended 30 September 2018
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Total
At 1 October 2017
1,047,816
At 30 September 2018
731,120
Charge for the year
33,588
At 30 September 2018
522,084
At 30 September 2018
209,036
At 30 September 2017
232,797
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
40,066
48,781
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Average number of employees
During the year the average number of employees was 8 (2017: 8).
