Abbreviated Company Accounts - GORDON TRANSPORT LIMITED

GORDON TRANSPORT LIMITED - Company Information

03468631 GORDON TRANSPORT LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 03468631 2014-01-01 2014-12-31 03468631 2014-12-31 03468631 2013-12-31 03468631 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 03468631 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 03468631

GORDON TRANSPORT LIMITED

Abbreviated Accounts

31 December 2014

GORDON TRANSPORT LIMITED Registered Number 03468631

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	103,420	130,356
		103,420	130,356
Current assets
Debtors		186,784	212,946
Cash at bank and in hand		360,125	298,869
		546,909	511,815
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(83,439)	(71,625)
Net current assets (liabilities)		463,470	440,190
Total assets less current liabilities		566,890	570,546
Provisions for liabilities		(15,786)	(20,042)
Total net assets (liabilities)		551,104	550,504
Capital and reserves
Called up share capital	3	90	90
Share premium account		549,912	549,912
Profit and loss account		1,102	502
Shareholders' funds		551,104	550,504

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 September 2015

And signed on their behalf by:
C S Gordon, Director

GORDON TRANSPORT LIMITED Registered Number 03468631

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover consists of the invoiced value (excluding VAT) receivable by the company in the ordinary course of business for goods supplied and for services supplied as a principal.

Tangible assets depreciation policy
Depreciation is calculated to write off the cost, less estimated residual values, of tangible fixed assets over their estimated useful lives to the business. Where there is evidence of impairment, fixed assets are written down to receivable amount. Any such write down would be charged to operating profit.

Freehold Buildings 2.0% Straight Line
Plant & Machinery 15.0% Reducing Balance
Motor Vehicles 25.0% Reducing Balance
Computers 10.0% Reducing Balance
Fixtures, Fittings & Office Equipment 10.0% Reducing Balance

Other accounting policies
Deferred Taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2Tangible fixed assets

	£
Cost
At 1 January 2014	527,349
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	527,349
Depreciation
At 1 January 2014	396,993
Charge for the year	26,936
On disposals	-
At 31 December 2014	423,929
Net book values
At 31 December 2014	103,420
At 31 December 2013	130,356

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
90 Ordinary shares of £1 each	90	90