Commercial Trailer Service Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02871639 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

COMMERCIAL TRAILER SERVICE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S J Callister

S M Callister

SECRETARY:

Ms M Ocarroll

REGISTERED OFFICE:

Plot B2 Trinity Park

Orrell Lane

Bootle

L20 6HS

REGISTERED NUMBER:

02871639 (England and Wales)

ACCOUNTANT:

Melville Morris

Chartered Accountant

3rd Floor, Trident House

31-33 Dale Street

Liverpool

L2 2HF

FIXED ASSETS

Tangible assets

2

716,609

401,260

CURRENT ASSETS

Stocks

188,200

162,200

Debtors

164,102

157,592

Cash at bank

183,403

287,358

535,705

607,150

CREDITORS

Amounts falling due within one year

223,798

44,472

NET CURRENT ASSETS

311,907

562,678

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,028,516

963,938

CAPITAL AND RESERVES

Called up share capital

3

2,000

Profit and loss account

1,026,516

961,938

SHAREHOLDERS' FUNDS

1,028,516

963,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 July 2016 and were signed on its behalf by:

S J Callister - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods supplied and rents received by the company , net of Value

Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Improvements to property

-

not provided

Plant and machinery

-

15% on reducing balance

Stocks

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

slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

407,367

Additions

317,462

At 31 December 2015

724,829

DEPRECIATION

At 1 January 2015

6,107

Charge for year

2,113

At 31 December 2015

8,220

NET BOOK VALUE

At 31 December 2015

716,609

At 31 December 2014

401,260

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

2,000

Ordinary

£1

2,000