CPL Transport Services (UK) Limited Filleted accounts for Companies House (small and micro)
CPL Transport Services (UK) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04282426
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
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 |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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Net assets |
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Statement of Financial Position (continued) |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
26 September 2019
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
04282426
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Notes to the Financial Statements |
Year ended 31 December 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Griffin Farm, Appledore, Ashford, Kent, TN26 2BA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property Improvements |
- |
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Plant & Machinery |
- |
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Fixtures & Fittings |
- |
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Equipment |
- |
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A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Provisions
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
18
(2017:
18
).
5.
Tax on profit
Major components of tax expense
2018 |
2017 |
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£ |
£ |
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Current tax:
UK current tax expense |
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Deferred tax:
Origination and reversal of timing differences |
(
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(
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Tax on profit |
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Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is higher than (2017: lower than) the
standard rate of corporation tax in the UK
of
19
% (2017:
19
%).
2018 |
2017 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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Profit on ordinary activities by rate of tax |
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Effect of capital allowances and depreciation |
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(
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Tax on profit |
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6.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2018 |
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Additions |
– |
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– |
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Disposals |
– |
(
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– |
– |
(
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At 31 December 2018 |
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Depreciation |
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At 1 January 2018 |
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Charge for the year |
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Disposals |
– |
(
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– |
– |
(
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At 31 December 2018 |
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Carrying amount |
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At 31 December 2018 |
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At 31 December 2017 |
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Included within the net book value of £874,289 is £56,023 (2016: £84,966) relating to assets held under hire purchase agreements. The depreciation charged to the finanacial statements in the year in respect of such assets amounted to £18,674 (2016: £28,322)
7.
Debtors
2018 |
2017 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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Other creditors |
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9.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2018 |
2017 |
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£ |
£ |
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Included in provisions |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2018 |
2017 |
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£ |
£ |
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Deferred tax - other timing differences Excess of taxation allowances over depreciation on fixed assets |
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