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REGISTERED NUMBER: 06240395 (England and Wales)



















24/7 TIME CRITICAL
TRANSPORT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016






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

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

24/7 TIME CRITICAL
TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2016







DIRECTORS: Mr I Jamieson
Mrs E Heaps





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)

ABBREVIATED BALANCE SHEET
31 MAY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 92,954 33,208

CURRENT ASSETS
Debtors 211,254 175,732
Cash at bank and in hand 17,646 62,466
228,900 238,198
CREDITORS
Amounts falling due within one year 3 173,242 168,447
NET CURRENT ASSETS 55,658 69,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,612

102,959

CREDITORS
Amounts falling due after more than one
year

3

(37,757

)

(9,869

)

PROVISIONS FOR LIABILITIES (17,039 ) (7,043 )
NET ASSETS 93,816 86,047

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 93,716 85,947
SHAREHOLDERS' FUNDS 93,816 86,047

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

ABBREVIATED BALANCE SHEET - continued
31 MAY 2016


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 25 January 2017 and were signed on its
behalf by:





Mr I Jamieson - Director


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

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

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.

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

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MAY 2016


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2015 71,298
Additions 88,418
Disposals (17,500 )
At 31 May 2016 142,216
DEPRECIATION
At 1 June 2015 38,090
Charge for year 19,253
Eliminated on disposal (8,081 )
At 31 May 2016 49,262
NET BOOK VALUE
At 31 May 2016 92,954
At 31 May 2015 33,208

3. CREDITORS

Creditors include an amount of £ 49,747 (2015 - £ 18,709 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100