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No description of principal activity
2017-01-01
Sage Accounts Production Advanced 2017 Update 3 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
08828894
2017-01-01
2017-12-31
08828894
2017-12-31
08828894
2016-12-31
08828894
2016-01-01
2016-12-31
08828894
2016-12-31
08828894
core:MotorVehicles
2017-01-01
2017-12-31
08828894
bus:RegisteredOffice
2017-01-01
2017-12-31
08828894
bus:LeadAgentIfApplicable
2017-01-01
2017-12-31
08828894
bus:Director1
2017-01-01
2017-12-31
08828894
bus:CompanySecretary1
2017-01-01
2017-12-31
08828894
core:WithinOneYear
2017-12-31
08828894
core:WithinOneYear
2016-12-31
08828894
core:RetainedEarningsAccumulatedLosses
2017-12-31
08828894
core:RetainedEarningsAccumulatedLosses
2016-12-31
08828894
bus:Director1
2016-12-31
08828894
bus:Director1
2017-12-31
08828894
bus:Director1
2015-12-31
08828894
bus:Director1
2016-12-31
08828894
bus:Director1
2016-01-01
2016-12-31
08828894
bus:FRS102
2017-01-01
2017-12-31
08828894
bus:AuditExemptWithAccountantsReport
2017-01-01
2017-12-31
08828894
bus:AbridgedAccounts
2017-01-01
2017-12-31
08828894
bus:SmallCompaniesRegimeForAccounts
2017-01-01
2017-12-31
08828894
bus:PrivateLimitedCompanyLtd
2017-01-01
2017-12-31
08828894
core:FurnitureFittingsToolsEquipment
2017-01-01
2017-12-31
Statement of Consent to Prepare Abridged Financial Statements
|
|
All of the members of OGD Transport and Site Services Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
08828894
OGD Transport and Site Services Limited
|
|
Filleted Unaudited Abridged Financial Statements
|
|
OGD Transport and Site Services Limited
|
|
Abridged Financial Statements
|
|
Year ended 31 December 2017
Officers and professional advisers
|
1
|
|
|
Chartered accountant's report to the director on the preparation of the unaudited statutory abridged financial statements
|
2
|
|
|
Abridged statement of financial position
|
3
|
|
|
Notes to the abridged financial statements
|
4
|
|
|
OGD Transport and Site Services Limited
|
|
Officers and Professional Advisers
|
|
Company secretary
|
Mrs D Holland
|
|
|
Registered office
|
18 Gray Terrace
|
|
Oxhill
|
|
Stanley
|
|
Co Durham
|
|
DH9 7LB
|
|
|
Accountants
|
Murray and Lamb
|
|
Chartered accountant
|
|
5 Royal Road
|
|
Stanley
|
|
Co. Durham
|
|
DH9 8AJ
|
|
|
Bankers
|
HSBC bank plc
|
|
42 Middle Street
|
|
Consett
|
|
Co. Durham
|
|
DH8 5QL
|
|
|
OGD Transport and Site Services Limited
|
|
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
OGD Transport and Site Services Limited
|
|
Year ended 31 December 2017
As described on the abridged statement of financial position, the director of the company is responsible for the preparation of the abridged financial statements for the year ended 31 December 2017, which comprise the abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Murray and Lamb
Chartered accountant
5 Royal Road
Stanley
Co. Durham
DH9 8AJ
3 April 2018
OGD Transport and Site Services Limited
|
|
Abridged Statement of Financial Position
|
|
31 December 2017
Fixed assets
Tangible assets
|
5
|
|
12,469
|
3,127
|
|
|
|
|
|
Current assets
Debtors
|
1,283
|
|
25
|
Cash at bank and in hand
|
6,978
|
|
6,178
|
|
-------
|
|
-------
|
|
8,261
|
|
6,203
|
|
|
|
|
Creditors: amounts falling due within one year
|
14,358
|
|
2,388
|
|
--------
|
|
-------
|
Net current (liabilities)/assets
|
|
(
6,097)
|
3,815
|
|
|
--------
|
-------
|
Total assets less current liabilities
|
|
6,372
|
6,942
|
|
|
-------
|
-------
|
Net assets
|
|
6,372
|
6,942
|
|
|
-------
|
-------
|
|
|
|
|
Capital and reserves
Profit and loss account
|
|
6,372
|
6,942
|
|
|
-------
|
-------
|
Shareholders funds
|
|
6,372
|
6,942
|
|
|
-------
|
-------
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
3 April 2018
, and are signed on behalf of the board by:
Company registration number:
08828894
OGD Transport and Site Services Limited
|
|
Notes to the Abridged Financial Statements
|
|
Year ended 31 December 2017
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 18 Gray Terrace, Oxhill, Stanley, Co Durham, DH9 7LB.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor Vehicles
|
-
|
25% reducing balance
|
|
Office Equipment
|
-
|
25% reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2016:
2
).
5.
Tangible assets
|
£
|
Cost
|
|
At 1 January 2017
|
4,300
|
Additions
|
19,298
|
Disposals
|
(
6,800)
|
|
--------
|
At 31 December 2017
|
16,798
|
|
--------
|
Depreciation
|
|
At 1 January 2017
|
1,173
|
Charge for the year
|
4,156
|
Disposals
|
(
1,000)
|
|
--------
|
At 31 December 2017
|
4,329
|
|
--------
|
Carrying amount
|
|
At 31 December 2017
|
12,469
|
|
--------
|
At 31 December 2016
|
3,127
|
|
--------
|
|
|
6.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
|
2017
|
|
|
Balance brought forward
|
Advances/ (credits) to the director
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
£
|
|
Mr R Holland
|
(
849)
|
1,032
|
–
|
183
|
|
|
----
|
-------
|
----
|
----
|
|
|
|
|
|
|
|
2016
|
|
|
Balance brought forward
|
Advances/ (credits) to the director
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
£
|
|
Mr R Holland
|
(
1,528)
|
10,863
|
(
10,184)
|
(
849)
|
|
|
-------
|
--------
|
--------
|
----
|
|
|
|
|
|
|
7.
Related party transactions
The company was under the control of Mr Holland throughout the current and previous year. Mr Holland is a director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8 for Smaller Entities