Chorley Autocare Limited - Limited company - abbreviated

REGISTERED NUMBER: 08023346 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

CHORLEY AUTOCARE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Price

P A Clitheroe

A Price

REGISTERED OFFICE:

Vantage House Euxton Lane

Euxton

Chorley

Lancashire

PR7 6TB

REGISTERED NUMBER:

08023346 (England and Wales)

ACCOUNTANTS:

Studholme-Bell Limited

Chartered Accountants

& Business Advisors

Vantage House Euxton Lane

Euxton

Chorley

Lancashire

PR7 6TB

FIXED ASSETS

Intangible assets

2

25,446

32,386

Tangible assets

3

18,825

18,057

44,271

50,443

CURRENT ASSETS

Stocks

1,100

2,500

Debtors

49,902

24,498

Cash at bank and in hand

1,684

1,548

52,686

28,546

CREDITORS

Amounts falling due within one year

28,342

34,396

NET CURRENT ASSETS/(LIABILITIES)

24,344

(5,850

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

68,615

44,593

CREDITORS

Amounts falling due after more than one
year

(56,097

)

(34,038

)

PROVISIONS FOR LIABILITIES

(3,729

)

(3,611

)

NET ASSETS

8,789

6,944

CAPITAL AND RESERVES

Called up share capital

4

200

Profit and loss account

8,589

6,744

SHAREHOLDERS' FUNDS

8,789

6,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 January 2015 and were signed on its behalf by:

A Price - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of

goods and services supplied during the period, exclusive of Value added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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 etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

34,700

AMORTISATION

At 1 May 2013

2,314

Amortisation for year

6,940

At 30 April 2014

9,254

NET BOOK VALUE

At 30 April 2014

25,446

At 30 April 2013

32,386

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

21,424

Additions

7,043

At 30 April 2014

28,467

DEPRECIATION

At 1 May 2013

3,367

Charge for year

6,275

At 30 April 2014

9,642

NET BOOK VALUE

At 30 April 2014

18,825

At 30 April 2013

18,057

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

100

Ordinary

£1

200

Chorley Autocare Limited - Limited company - abbreviated - 11.6

Chorley Autocare Limited - Limited company - abbreviated - 11.6