Abbreviated Company Accounts - D & N TRANSPORT LIMITED

Abbreviated Company Accounts - D & N TRANSPORT LIMITED


Registered Number 04302396

D & N TRANSPORT LIMITED

Abbreviated Accounts

31 October 2016

D & N TRANSPORT LIMITED Registered Number 04302396

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 19,792 25,795
19,792 25,795
Current assets
Debtors 51,917 41,674
Cash at bank and in hand 44 24,878
51,961 66,552
Creditors: amounts falling due within one year 3 (67,592) (83,235)
Net current assets (liabilities) (15,631) (16,683)
Total assets less current liabilities 4,161 9,112
Creditors: amounts falling due after more than one year 3 - (328)
Provisions for liabilities (3,065) (4,069)
Total net assets (liabilities) 1,096 4,715
Capital and reserves
Called up share capital 4 5 5
Profit and loss account 1,091 4,710
Shareholders' funds 1,096 4,715
  • For the year ending 31 October 2016 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 20 April 2017

And signed on their behalf by:
Mr C Law, Director
Miss P Mutter, Director

D & N TRANSPORT LIMITED Registered Number 04302396

Notes to the Abbreviated Accounts for the period ended 31 October 2016

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 January 2015.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor vehicles - 25% reducing balance
Fixtures and fittings - 15% reducing balance

Valuation information and policy
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted tax basis at the rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Other accounting policies
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets
£
Cost
At 1 November 2015 141,822
Additions 142
Disposals -
Revaluations -
Transfers -
At 31 October 2016 141,964
Depreciation
At 1 November 2015 116,027
Charge for the year 6,145
On disposals -
At 31 October 2016 122,172
Net book values
At 31 October 2016 19,792
At 31 October 2015 25,795
3Creditors
2016
£
2015
£
Secured Debts 328 5,311
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
5Ordinary shares of £1 each 5 5