The Norfolk Duck Truck Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08292187 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

THE NORFOLK DUCK TRUCK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

C Watkins

REGISTERED OFFICE:

21 Market Place

Dereham

Norfolk

NR19 2AX

REGISTERED NUMBER:

08292187 (England and Wales)

ACCOUNTANTS:

Haworth & Co Limited

21 Market Place

Dereham

Norfolk

NR19 2AX

FIXED ASSETS

Tangible assets

3

23,498

35,096

CURRENT ASSETS

Stocks

1,000

250

Debtors

4

5,617

2,818

Cash at bank and in hand

2,394

671

9,011

3,739

CREDITORS

Amounts falling due within one year

5

22,841

24,618

NET CURRENT LIABILITIES

(13,830

)

(20,879

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,668

14,217

PROVISIONS FOR LIABILITIES

2,889

3,754

NET ASSETS

6,779

10,463

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,679

10,363

SHAREHOLDERS' FUNDS

6,779

10,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2020 and were signed by:

C Watkins - Director

1.	STATUTORY INFORMATION

The Norfolk Duck Truck 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.

Equipment

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

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

the balance sheet 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 year 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.

3.	TANGIBLE FIXED ASSETS

Motor

Equipment

vehicles

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

9,796

55,209

65,005

DEPRECIATION

At 1 April 2019

5,303

24,606

29,909

Charge for year

1,315

10,283

11,598

At 31 March 2020

6,618

34,889

41,507

NET BOOK VALUE

At 31 March 2020

3,178

20,320

23,498

At 31 March 2019

4,493

30,603

35,096

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

5,617

2,818

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Taxation and social security

9

-

Other creditors

22,832

24,618

22,841

24,618

6.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of The Norfolk Duck Truck Ltd for the year ended 31 March 2020 which comprise the

Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Norfolk Duck Truck Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Norfolk Duck Truck Ltd and state those matters that we have agreed to state to the director of The Norfolk Duck Truck Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Norfolk Duck Truck Ltd and its director for our work or for this report.

It is your duty to ensure that The Norfolk Duck Truck Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Norfolk Duck Truck Ltd. You consider that The Norfolk Duck Truck Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Norfolk Duck Truck Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haworth & Co Limited

21 Market Place

Dereham

Norfolk

NR19 2AX

24 June 2020