European Transport Solutions Limited - Accounts to registrar (filleted) - small 18.2
European Transport Solutions Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| EUROPEAN TRANSPORT SOLUTIONS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
| EUROPEAN TRANSPORT SOLUTIONS LIMITED (REGISTERED NUMBER: 07786168) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| EUROPEAN TRANSPORT SOLUTIONS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 36-38 Northland Row |
| Dungannon |
| Co. Tyrone |
| BT71 6AP |
| EUROPEAN TRANSPORT SOLUTIONS LIMITED (REGISTERED NUMBER: 07786168) |
| STATEMENT OF FINANCIAL POSITION |
| 30 SEPTEMBER 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| NON-CURRENT ASSETS |
| Property, plant and equipment | 5 |
| CURRENT ASSETS |
| Inventories | 6 |
| Receivables: amounts falling due within one year |
7 |
| Cash at bank and in hand |
| PAYABLES |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PAYABLES |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| EUROPEAN TRANSPORT SOLUTIONS LIMITED (REGISTERED NUMBER: 07786168) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 30 SEPTEMBER 2021 |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| EUROPEAN TRANSPORT SOLUTIONS LIMITED (REGISTERED NUMBER: 07786168) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
| 1. | STATUTORY INFORMATION |
| European Transport Solutions Limited is a private company, limited by shares, incorporated in the United Kingdom. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparation |
| The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets. |
| Revenue |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Property, plant and equipment and depreciation |
| Fixtures and fittings | - |
| Motor vehicles | - |
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable. |
| Inventories |
| Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling. |
| Taxation |
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date. |
| 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. |
| Cash flow statement |
| The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| EUROPEAN TRANSPORT SOLUTIONS LIMITED (REGISTERED NUMBER: 07786168) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2020 |
| Additions |
| At 30 September 2021 |
| DEPRECIATION |
| At 1 October 2020 |
| Charge for year |
| At 30 September 2021 |
| NET BOOK VALUE |
| At 30 September 2021 |
| At 30 September 2020 |
| 6. | INVENTORIES |
| 2021 | 2020 |
| £ | £ |
| Inventories |
| 7. | RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade receivables |
| Other receivables |
| 8. | PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Trade payables |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other payables |
| 9. | PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans |
| EUROPEAN TRANSPORT SOLUTIONS LIMITED (REGISTERED NUMBER: 07786168) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2021 | 2020 |
| £ | £ |
| Bank loans |
| Bank loans totalling £244,792 (2020: £250,000) are secured by fixed and floating charges over the company assets. |
| 11. | RELATED PARTY DISCLOSURES |
| Transaction value | Balance owed by/(owed to | ) |
| 2021 | 2020 | 2021 | 2020 |
| £ | £ | £ | £ |
| Key management personnel | - | - | (12,007 | ) | (6,351 | ) |
| The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |