White Direct Transport Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10851470 (England and Wales)

Unaudited Financial Statements

for the Period 5 July 2017 to 31 July 2018

for

White Direct Transport Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J D White

SECRETARY:

REGISTERED OFFICE:

2 Coracle Offices

St Catherine Street

Carmarthen

Carmartheshire

SA31 1RD

REGISTERED NUMBER:

10851470 (England and Wales)

ACCOUNTANTS:

Eagle Accountancy (UK) Limited

2 Coracle Offices

St Catherine Street

Carmarthen

Carmarthenshire

SA31 1RD

FIXED ASSETS

Tangible assets

4

51,819

CURRENT ASSETS

Debtors

5

96,090

Cash at bank

27,593

123,683

CREDITORS

Amounts falling due within one year

6

138,086

NET CURRENT LIABILITIES

(14,403

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,416

CREDITORS

Amounts falling due after more than one year

7

(3,548

)

PROVISIONS FOR LIABILITIES

8

(9,846

)

NET ASSETS

24,022

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

23,922

24,022

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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 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 director on 1 May 2019 and were signed by:

J D White - Director

1.	STATUTORY INFORMATION

White Direct Transport Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on reducing balance and 20% on reducing balance

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

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

statement of financial position 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 period 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

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

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 33 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

65,000

At 31 July 2018

65,000

DEPRECIATION

Charge for period

13,181

At 31 July 2018

13,181

NET BOOK VALUE

At 31 July 2018

51,819

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

96,090

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

8,817

Trade creditors

18,243

Taxation and social security

78,395

Other creditors

32,631

138,086

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

3,548

8.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Accelerated capital allowances

9,846

Deferred

tax

£

Provided during period

9,846

Balance at 31 July 2018

9,846