Registered number
12300677
DTI Transport Limited
Filleted Accounts
30 April 2023
DTI Transport Limited
Registered number: 12300677
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 35,358 44,197
Current assets
Debtors 4 100 100
Cash at bank and in hand 11,540 17,678
11,640 17,778
Creditors: amounts falling due within one year 5 (3,264) (11,579)
Net current assets 8,376 6,199
Total assets less current liabilities 43,734 50,396
Creditors: amounts falling due after more than one year 6 (22,786) (37,351)
Net assets 20,948 13,045
Capital and reserves
Share premium 100 100
Profit and loss account 20,848 12,945
Shareholder's funds 20,948 13,045
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael Brown
Director
Approved by the board on 13 January 2024
DTI Transport Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 20% Reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 May 2022 69,058
At 30 April 2023 69,058
Depreciation
At 1 May 2022 24,861
Charge for the year 8,839
At 30 April 2023 33,700
Net book value
At 30 April 2023 35,358
At 30 April 2022 44,197
4 Debtors 2023 2022
£ £
Other debtors 100 100
5 Creditors: amounts falling due within one year 2023 2022
£ £
Director loan 99 8,376
Taxation and social security costs 3,165 3,203
3,264 11,579
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 22,786 37,351
7 Other information
DTI Transport Limited is a private company limited by shares and incorporated in England. Its registered office is:
124 Rotherfield Road
Birmingham
West Midlands
B26 2SH
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