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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 2017






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

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


24/7 TIME CRITICAL
TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2017







DIRECTORS: Mr I Jamieson
Mrs E Heaps





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





BUSINESS ADDRESS: Unit 4
(off Wellington Road)
Nicolson Way
BURTON ON TRENT
Staffordshire
DE14 2AW





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 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,413 92,954

CURRENT ASSETS
Debtors 5 314,142 211,254
Cash at bank and in hand 29,605 17,646
343,747 228,900
CREDITORS
Amounts falling due within one year 6 295,658 173,242
NET CURRENT ASSETS 48,089 55,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,502

148,612

CREDITORS
Amounts falling due after more than one
year

7

(27,070

)

(37,757

)

PROVISIONS FOR LIABILITIES (15,746 ) (17,039 )
NET ASSETS 90,686 93,816

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 90,586 93,716
SHAREHOLDERS' FUNDS 90,686 93,816

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

BALANCE SHEET - continued
31 MAY 2017


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 February 2018 and were signed on
its behalf 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 2017


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.

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017


2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2016 6,584 3,623 117,721 14,288 142,216
Additions - - 24,721 - 24,721
Disposals - - (5,000 ) - (5,000 )
At 31 May 2017 6,584 3,623 137,442 14,288 161,937
DEPRECIATION
At 1 June 2016 456 3,162 33,501 12,143 49,262
Charge for year 1,532 62 28,434 1,270 31,298
Eliminated on disposal - - (4,036 ) - (4,036 )
At 31 May 2017 1,988 3,224 57,899 13,413 76,524
NET BOOK VALUE
At 31 May 2017 4,596 399 79,543 875 85,413
At 31 May 2016 6,128 461 84,220 2,145 92,954

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 280,672 182,485
Other debtors 30,837 27,937
Prepayments and accrued income 2,633 832
314,142 211,254

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 888 5,162
Hire purchase contracts 10,677 11,990
Trade creditors 188,665 108,299
Corporation tax 12,430 9,368
Social security and other taxes 1,549 1,694
VAT 27,403 17,311
Other creditors 4,077 4,094
Directors' current accounts 843 1,289
Accruals and deferred income 49,126 14,035
295,658 173,242

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 27,070 37,757

8. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Hire purchase contracts 37,747 49,747

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017


10. FIRST YEAR ADOPTION

This is the first year that the company has presented its financial statements under Section 1A of
Financial Reporting Standard 102 (FRS102 1A) issued by the Financial Reporting Council. The last
financial
statements, for the year ended 31 May 2016, were prepared under previous UK GAAP. The transition
date to FRS102 1A is therefore 1 June 2015.

Adopting FRS102 1A has resulted in no changes to the accounting policies.

Reconciliation of equity
1 June 2015 31 May 2016
£ £

As previously reported 86,047 93,816

As reported under FRS 102 1A 86,047 93,816


Reconciliation of profit
Year ended
31 May 2016
£

As previously reported 28,369

As reported under FRS 102 1A 28,369