Registered Number 07795214

BROUGHTON TRANSPORT SOLUTIONS LTD

Abbreviated Accounts

31 March 2013

BROUGHTON TRANSPORT SOLUTIONS LTD Registered Number 07795214

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013
£
Fixed assets
Tangible assets 2 146,196
146,196
Current assets
Stocks 16,705
Debtors 717,846
Cash at bank and in hand 3,414
737,965
Creditors: amounts falling due within one year (734,105)
Net current assets (liabilities) 3,860
Total assets less current liabilities 150,056
Creditors: amounts falling due after more than one year (284,562)
Total net assets (liabilities) (134,506)
Capital and reserves
Called up share capital 3 100
Profit and loss account (134,606)
Shareholders' funds (134,506)
  • For the year ending 31 March 2013 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 27 September 2013

And signed on their behalf by:
Mr Tobias Ovens, Director

BROUGHTON TRANSPORT SOLUTIONS LTD Registered Number 07795214

Notes to the Abbreviated Accounts for the period ended 31 March 2013

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 represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected economic life as follows:
Plant and machinery - Straight line over 5 years
Fixtures and Fittings - Straight line over 2 years
Computer equipment - Straight line over 4 years
Motor vehicles - Straight line over 6 years

Other accounting policies
Going concern:
The financial statements have been prepared on a going concern basis which is dependent on continuing support from the directors. The directors have confirmed that there is no reason to believe their support will not be forthcoming for at least the next 12 months.

Stock:
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency:
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assstes and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing:
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciatied over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchases agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

2Tangible fixed assets
£
Cost
Additions 185,563
Disposals -
Revaluations -
Transfers -
At 31 March 2013 185,563
Depreciation
Charge for the year 39,367
On disposals -
At 31 March 2013 39,367
Net book values
At 31 March 2013 146,196
3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
100 Ordinary shares of £1 each 100