CL Transport & Logistics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10743930 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

CL Transport & Logistics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss C Hanley

REGISTERED OFFICE:

HMH House

Falcon Court

Preston Farm

Stockton on Tees

TS18 3TS

REGISTERED NUMBER:

10743930 (England and Wales)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Tangible assets

4

95,056

34,912

CURRENT ASSETS

Debtors

5

27,368

35,456

Cash at bank

100,867

37,343

128,235

72,799

CREDITORS

Amounts falling due within one year

6

51,095

36,644

NET CURRENT ASSETS

77,140

36,155

TOTAL ASSETS LESS CURRENT LIABILITIES

172,196

71,067

CREDITORS

Amounts falling due after more than one year

7

24,475

8,633

NET ASSETS

147,721

62,434

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

147,621

62,334

SHAREHOLDERS' FUNDS

147,721

62,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2020 and were signed by:

Miss C Hanley - Director

1.	STATUTORY INFORMATION

CL Transport & Logistics Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment

of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is

accounted for in respect of all material timing differences.

Current and deferred tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

43,640

Additions

83,908

At 30 April 2020

127,548

DEPRECIATION

At 1 May 2019

8,728

Charge for year

23,764

At 30 April 2020

32,492

NET BOOK VALUE

At 30 April 2020

95,056

At 30 April 2019

34,912

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2019

39,450

Additions

46,500

At 30 April 2020

85,950

DEPRECIATION

At 1 May 2019

7,890

Charge for year

15,612

At 30 April 2020

23,502

NET BOOK VALUE

At 30 April 2020

62,448

At 30 April 2019

31,560

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

7,888

32,170

Other debtors

19,480

3,286

27,368

35,456

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

22,940

10,270

Trade creditors

10,438

15,459

Taxation and social security

15,596

9,179

Other creditors

2,121

1,736

51,095

36,644

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

24,475

8,633