Local Transport Projects Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05295328 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

Local Transport Projects Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A R Mayo

A J Kirby

SECRETARY:

A J Kirby

REGISTERED OFFICE:

Armstrong House

The Flemingate Centre

Beverley

East Yorkshire

HU17 0NT

REGISTERED NUMBER:

05295328 (England and Wales)

ACCOUNTANTS:

Andrew Cooper & Company

Chartered Accountants

650 Anlaby Road

Kingston upon Hull

East Yorkshire

HU3 6UU

FIXED ASSETS

Tangible assets

2

54,365

20,362

Investment property

3

234,151

102,868

288,516

123,230

CURRENT ASSETS

Debtors

172,025

131,600

Cash at bank and in hand

480,630

623,029

652,655

754,629

CREDITORS

Amounts falling due within one year

159,062

187,435

NET CURRENT ASSETS

493,593

567,194

TOTAL ASSETS LESS CURRENT
LIABILITIES

782,109

690,424

CAPITAL AND RESERVES

Called up share capital

4

101

200

Profit and loss account

782,008

690,224

SHAREHOLDERS' FUNDS

782,109

690,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 3 May 2017 and were signed on its behalf by:

A J Kirby - 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 represents net invoiced sales of goods, excluding 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.

Plant and machinery etc

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

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

sheet date.

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.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

81,757

Additions

52,675

Disposals

(20,477

)

At 30 November 2016

113,955

DEPRECIATION

At 1 December 2015

61,395

Charge for year

13,953

Eliminated on disposal

(15,758

)

At 30 November 2016

59,590

NET BOOK VALUE

At 30 November 2016

54,365

At 30 November 2015

20,362

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 December 2015

102,868

Additions

131,283

At 30 November 2016

234,151

NET BOOK VALUE

At 30 November 2016

234,151

At 30 November 2015

102,868

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

100

Ordinary

£1

100

NIL

Ordinary "B" Shares

£1

-

100

(30.11.15 - 100 )

1

Ordinary C

£1

1

-

101

200

1 Ordinary C share of £1 was allotted and fully paid for cash at par during the year.