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REGISTERED NUMBER: 06240395 (England and Wales)



















24/7 TIME CRITICAL
TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019






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

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2019










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 2019







DIRECTOR: Mr I Jamieson





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





BUSINESS ADDRESS: Unit 2 Castle View Court
Castle Point Park
Fauld
Burton on Trent
Staffordshire
DE13 9HS





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 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,238 54,759

CURRENT ASSETS
Debtors 5 339,174 426,207
Cash at bank and in hand 59,114 11,537
398,288 437,744
CREDITORS
Amounts falling due within one year 6 321,937 369,675
NET CURRENT ASSETS 76,351 68,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,589

122,828

CREDITORS
Amounts falling due after more than one
year

7

(6,067

)

(9,863

)

PROVISIONS FOR LIABILITIES (10,188 ) (9,960 )
NET ASSETS 138,334 103,005

CAPITAL AND RESERVES
Called up share capital 9 90 90
Capital redemption reserve 10 10
Retained earnings 138,234 102,905
SHAREHOLDERS' FUNDS 138,334 103,005

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

BALANCE SHEET - continued
31 MAY 2019


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 applicable to companies subject to the small companies regime.

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 27 February 2020 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 2019


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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Plant and machinery - 25% on reducing balance
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.

Assets obtained under hire purchase or finance lease contracts are capitalised as tangible fixed assets
and depreciated over their useful lives.

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2019


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 7 (2018 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2018 7,191 728 117,415 3,201 128,535
Additions - 31,438 10,275 387 42,100
Disposals - - (3,200 ) (1,148 ) (4,348 )
At 31 May 2019 7,191 32,166 124,490 2,440 166,287
DEPRECIATION
At 1 June 2018 3,267 438 67,389 2,682 73,776
Charge for year 981 3,312 13,720 462 18,475
Eliminated on disposal - - (3,054 ) (1,148 ) (4,202 )
At 31 May 2019 4,248 3,750 78,055 1,996 88,049
NET BOOK VALUE
At 31 May 2019 2,943 28,416 46,435 444 78,238
At 31 May 2018 3,924 290 50,026 519 54,759

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 323,191 410,743
Other debtors 8,025 8,025
Prepayments and accrued income 7,958 7,439
339,174 426,207

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2019


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 2,339 -
Hire purchase contracts and finance leases 14,423 9,883
Trade creditors 222,310 242,779
Corporation tax 22,724 30,280
Social security and other taxes 2,396 3,528
VAT 43,952 48,341
Other creditors 4,477 13,256
Directors' current accounts 349 37
Accruals and deferred income 8,967 21,571
321,937 369,675

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Hire purchase contracts and finance leases 6,067 9,863

8. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Hire purchase contracts and finance leases 20,490 19,746

Hire purchase and finance lease creditors are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
90 Ordinary £1 90 90

10. OTHER FINANCIAL COMMITMENTS

Total amounts payable under non-cancellable lease commitments at the balance sheet date are
£85,000 (2018: £104,500).