Registered Number 07795214
BROUGHTON TRANSPORT SOLUTIONS LTD
Abbreviated Accounts
31 March 2013
Notes | 2013 | ||
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£ | |||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
( |
Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
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
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.
£ | |
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Cost | |
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2013 |
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Depreciation | |
Charge for the year |
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On disposals |
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At 31 March 2013 |
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Net book values | |
At 31 March 2013 | 146,196 |