IRIS Accounts Production v18.3.1.65 06240395 director 1.6.17 31.5.18 31.5.18 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 06240395 2017-05-31 06240395 2018-05-31 06240395 2017-06-01 2018-05-31 06240395 2016-05-31 06240395 2016-06-01 2017-05-31 06240395 2017-05-31 06240395 ns15:EnglandWales 2017-06-01 2018-05-31 06240395 ns14:PoundSterling 2017-06-01 2018-05-31 06240395 ns10:Director1 2017-06-01 2018-05-31 06240395 ns10:PrivateLimitedCompanyLtd 2017-06-01 2018-05-31 06240395 ns10:SmallEntities 2017-06-01 2018-05-31 06240395 ns10:AuditExempt-NoAccountantsReport 2017-06-01 2018-05-31 06240395 ns10:SmallCompaniesRegimeForDirectorsReport 2017-06-01 2018-05-31 06240395 ns10:SmallCompaniesRegimeForAccounts 2017-06-01 2018-05-31 06240395 ns10:FullAccounts 2017-06-01 2018-05-31 06240395 ns10:OrdinaryShareClass1 2017-06-01 2018-05-31 06240395 ns10:RegisteredOffice 2017-06-01 2018-05-31 06240395 ns5:CurrentFinancialInstruments 2018-05-31 06240395 ns5:CurrentFinancialInstruments 2017-05-31 06240395 ns5:Non-currentFinancialInstruments 2018-05-31 06240395 ns5:Non-currentFinancialInstruments 2017-05-31 06240395 ns5:ShareCapital 2018-05-31 06240395 ns5:ShareCapital 2017-05-31 06240395 ns5:CapitalRedemptionReserve 2018-05-31 06240395 ns5:CapitalRedemptionReserve 2017-05-31 06240395 ns5:RetainedEarningsAccumulatedLosses 2018-05-31 06240395 ns5:RetainedEarningsAccumulatedLosses 2017-05-31 06240395 ns5:FurnitureFittings 2017-06-01 2018-05-31 06240395 ns5:MotorVehicles 2017-06-01 2018-05-31 06240395 ns5:ComputerEquipment 2017-06-01 2018-05-31 06240395 ns5:PlantMachinery 2017-05-31 06240395 ns5:FurnitureFittings 2017-05-31 06240395 ns5:MotorVehicles 2017-05-31 06240395 ns5:ComputerEquipment 2017-05-31 06240395 ns5:PlantMachinery 2017-06-01 2018-05-31 06240395 ns5:PlantMachinery 2018-05-31 06240395 ns5:FurnitureFittings 2018-05-31 06240395 ns5:MotorVehicles 2018-05-31 06240395 ns5:ComputerEquipment 2018-05-31 06240395 ns5:PlantMachinery 2017-05-31 06240395 ns5:FurnitureFittings 2017-05-31 06240395 ns5:MotorVehicles 2017-05-31 06240395 ns5:ComputerEquipment 2017-05-31 06240395 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2018-05-31 06240395 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2017-05-31 06240395 ns10:OrdinaryShareClass1 2018-05-31


REGISTERED NUMBER: 06240395 (England and Wales)



















24/7 TIME CRITICAL
TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018






24/7 TIME CRITICAL
TRANSPORT LIMITED (REGISTERED NUMBER: 06240395)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


24/7 TIME CRITICAL
TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2018







DIRECTOR: Mr I Jamieson





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 06240395 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

24/7 TIME CRITICAL
TRANSPORT LIMITED (REGISTERED NUMBER: 06240395)

BALANCE SHEET
31 MAY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,759 85,413

CURRENT ASSETS
Debtors 5 426,207 314,142
Cash at bank and in hand 11,537 29,605
437,744 343,747
CREDITORS
Amounts falling due within one year 6 369,675 295,658
NET CURRENT ASSETS 68,069 48,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,828

133,502

CREDITORS
Amounts falling due after more than one
year

7

(9,863

)

(27,070

)

PROVISIONS FOR LIABILITIES (9,960 ) (15,746 )
NET ASSETS 103,005 90,686

CAPITAL AND RESERVES
Called up share capital 9 90 100
Capital redemption reserve 10 -
Retained earnings 102,905 90,586
SHAREHOLDERS' FUNDS 103,005 90,686

24/7 TIME CRITICAL
TRANSPORT LIMITED (REGISTERED NUMBER: 06240395)

BALANCE SHEET - continued
31 MAY 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 7 February 2019 and were signed by:





Mr I Jamieson - Director


24/7 TIME CRITICAL
TRANSPORT LIMITED (REGISTERED NUMBER: 06240395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018


1. STATUTORY INFORMATION

24/7 Time Critical Transport Limited is a private company, limited by shares , registered in England
and Wales. 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year in which the financial statements have been prepared under FRS102 1A. Refer to
the notes to the financial statements for an explanation of the transition.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost includes
costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

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.

24/7 TIME CRITICAL
TRANSPORT LIMITED (REGISTERED NUMBER: 06240395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument
is any contract that evidences a residual interest in the assets of the company after deducting all of
its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2017 6,584 3,623 137,442 14,288 161,937
Additions 607 - - 292 899
Disposals - (2,895 ) (20,027 ) (11,379 ) (34,301 )
At 31 May 2018 7,191 728 117,415 3,201 128,535
DEPRECIATION
At 1 June 2017 1,988 3,224 57,899 13,413 76,524
Charge for year 1,279 109 19,083 648 21,119
Eliminated on disposal - (2,895 ) (9,593 ) (11,379 ) (23,867 )
At 31 May 2018 3,267 438 67,389 2,682 73,776
NET BOOK VALUE
At 31 May 2018 3,924 290 50,026 519 54,759
At 31 May 2017 4,596 399 79,543 875 85,413

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 410,743 280,672
Other debtors 8,025 30,837
Prepayments and accrued income 7,439 2,633
426,207 314,142

24/7 TIME CRITICAL
TRANSPORT LIMITED (REGISTERED NUMBER: 06240395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts - 888
Hire purchase contracts 9,883 10,677
Trade creditors 242,779 188,665
Corporation tax 30,280 12,430
Social security and other taxes 3,528 1,549
VAT 48,341 27,403
Other creditors 13,256 4,077
Directors' current accounts 37 843
Accruals and deferred income 21,571 49,126
369,675 295,658

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 9,863 27,070

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 19,746 37,747

Hire purchase debts are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
90 Ordinary £1 90 100

10. OTHER FINANCIAL COMMITMENTS

Total amounts payable under non-cancellable lease commitments at the balance sheet date are
£104,500 (2017: £nil).

11. RELATED PARTY DISCLOSURES

During the year ended 31 May 2018 a debtor relating to a related party loan was written off as an
exceptional item in administrative expenses. The amount written off was £28,487.