Registered Number 06901868

ARK COMMUNITY TRANSPORT LTD

Abbreviated Accounts

31 May 2013

ARK COMMUNITY TRANSPORT LTD Registered Number 06901868

Abbreviated Balance Sheet as at 31 May 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 3 220,842 233,913
220,842 233,913
Current assets
Debtors 24,400 54,647
Cash at bank and in hand 3,055 -
27,455 54,647
Creditors: amounts falling due within one year 4 (178,182) (205,249)
Net current assets (liabilities) (150,727) (150,602)
Total assets less current liabilities 70,115 83,311
Creditors: amounts falling due after more than one year 4 (27,962) (77,963)
Total net assets (liabilities) 42,153 5,348
Reserves
Income and expenditure account 42,153 5,348
Members' funds 42,153 5,348
  • For the year ending 31 May 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2013

And signed on their behalf by:
a.k.a.erzouki, Director

ARK COMMUNITY TRANSPORT LTD Registered Number 06901868

Notes to the Abbreviated Accounts for the period ended 31 May 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
All income and expenditure is accounted for on the accrual basis

Tangible assets depreciation policy
Depreciation is calculated to write off the cost or valuation, less estimated residual values, of
tangible fixed assets over their estimated useful lives to the charity. The annual depreciation
rates and methods are as follows:
Property Improvements - 20 years
Motor vehicles - over the economic life of the asset
Assets are carried in the balance sheet at written down historical cost.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 June 2012 263,997
Additions 15,250
Disposals -
Revaluations -
Transfers -
At 31 May 2013 279,247
Depreciation
At 1 June 2012 30,084
Charge for the year 28,321
On disposals -
At 31 May 2013 58,405
Net book values
At 31 May 2013 220,842
At 31 May 2012 233,913
4Creditors
2013
£		 2012
£
Secured Debts 86,793 133,474