Company registration number 01768273 (England and Wales)
Douglas Transport (Yorkshire) Limited
Unaudited
Financial Statements
for the year ended 28 February 2022
PAGES FOR FILING WITH REGISTRAR
Douglas Transport (Yorkshire) Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Douglas Transport (Yorkshire) Limited
Statement of financial position
as at 28 February 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
334,827
337,291
Investment properties
4
188,534
188,534
Investments
5
2
2
523,363
525,827
Current assets
Debtors
6
-
0
231
Cash at bank and in hand
52,300
26,080
52,300
26,311
Creditors: amounts falling due within one year
7
(372,868)
(350,984)
Net current liabilities
(320,568)
(324,673)
Total assets less current liabilities
202,795
201,154
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
202,791
201,150
Total equity
202,795
201,154
Douglas Transport (Yorkshire) Limited
Statement of financial position (continued)
as at 28 February 2022
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 July 2022 and are signed on its behalf by:
M Douglas
Director
Company Registration No. 01768273
Douglas Transport (Yorkshire) Limited
Notes to the financial statements
for the year ended 28 February 2022
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business. Turnover is recognised on an accruals basis.

 

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at less of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation
Plant and machinery
20% reducing balance
Fixtures, fittings & equipment
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The freehold land and buildings are not depreciated as in the opinion of the director it represents the fair value of the properties which are regularly maintained.

Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

The investment property is included in the accounts at cost in the opinion of director this is a reasonable refection of the fair value of the property.

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Douglas Transport (Yorkshire) Limited
Notes to the financial statements (continued)
for the year ended 28 February 2022
1
Accounting policies
(continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Group accounts

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
2
2
3
Tangible fixed assets
Freehold land and buildings
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
£
Cost
At 1 March 2021 and 28 February 2022
320,866
4,145
33,573
358,584
Depreciation and impairment
At 1 March 2021
-
0
4,145
17,148
21,293
Depreciation charged in the year
-
0
-
0
2,464
2,464
At 28 February 2022
-
0
4,145
19,612
23,757
Carrying amount
At 28 February 2022
320,866
-
0
13,961
334,827
At 28 February 2021
320,866
-
0
16,425
337,291
4
Investment property
2022
£
Fair value
At 1 March 2021 and 28 February 2022
188,534
Douglas Transport (Yorkshire) Limited
Notes to the financial statements (continued)
for the year ended 28 February 2022
4
Investment property
(continued)
- 5 -

 

5
Fixed asset investments
2022
2021
£
£
Shares in group undertakings and participating interests
2
2
6
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
-
0
231
7
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
1,188
1,212
Amounts due to group undertakings
23,480
23,480
Other taxation and social security
2,963
601
Other creditors
343,601
324,202
Accruals and deferred income
1,636
1,489
372,868
350,984
8
Company information

Douglas Transport (Yorkshire) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bradley Mills, Little Bradley, Greetland, Halifax, HX4 8BH.

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