Commercial Trailer Service Limited - Limited company accounts 18.2
Commercial Trailer Service Limited - Limited company accounts 18.2
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 |
FOR |
COMMERCIAL TRAILER SERVICE LIMITED |
COMMERCIAL TRAILER SERVICE LIMITED (REGISTERED NUMBER: 02871639) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
COMMERCIAL TRAILER SERVICE LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANT: |
Chartered Accountant |
3rd Floor, Trident House |
31-33 Dale Street |
Liverpool |
L2 2HF |
COMMERCIAL TRAILER SERVICE LIMITED (REGISTERED NUMBER: 02871639) |
REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
The directors present their report with the financial statements of the company for the year ended 31 December 2017. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 January 2017 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
ON BEHALF OF THE BOARD: |
COMMERCIAL TRAILER SERVICE LIMITED (REGISTERED NUMBER: 02871639) |
INCOME STATEMENT |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
31.12.17 | 31.12.16 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
88,541 | 51,589 |
Other operating income |
OPERATING PROFIT | 4 |
Interest receivable and similar income |
PROFIT BEFORE TAXATION |
Tax on profit |
PROFIT FOR THE FINANCIAL YEAR |
COMMERCIAL TRAILER SERVICE LIMITED (REGISTERED NUMBER: 02871639) |
BALANCE SHEET |
31 DECEMBER 2017 |
31.12.17 | 31.12.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 financial statements were approved by the Board of Directors on by: |
COMMERCIAL TRAILER SERVICE LIMITED (REGISTERED NUMBER: 02871639) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
1. | STATUTORY INFORMATION |
Commercial Trailer Service Limited is a |
The company's registered number and registered office address can be found on the Company Information |
page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover comprises the invoiced value of goods supplied and rents received by the company , net of Value |
Added Tax. |
Tangible fixed assets |
Freehold property | - |
Improvements to property | - |
Plant and machinery | - |
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 profit or loss on a straight line basis over the period of the |
lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
31.12.17 | 31.12.16 |
£ | £ |
Depreciation - owned assets |
5. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to | Plant and |
property | property | machinery | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2017 |
and 31 December 2017 |
DEPRECIATION |
At 1 January 2017 |
Charge for year |
At 31 December 2017 |
NET BOOK VALUE |
At 31 December 2017 |
At 31 December 2016 |
COMMERCIAL TRAILER SERVICE LIMITED (REGISTERED NUMBER: 02871639) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
6. | STOCKS |
31.12.17 | 31.12.16 |
£ | £ |
Stocks |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Trade debtors |
Other debtors |
Directors' current accounts | - | 36,228 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes | ( |
) |
VAT | 10,806 | 12,372 |
Other creditors |
Directors' current accounts | 35,827 | - |
Accrued expenses |