Spectrum Car Hire Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08337320 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Spectrum Car Hire Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr Mohammed M Rahman

REGISTERED OFFICE:

10 Lanark Square

Canary Wharf

London

E14 9RE

REGISTERED NUMBER:

08337320 (England and Wales)

ACCOUNTANTS:

SKN Services Ltd

Chartered Accountants

Skn Business Centre

1 Guildford Street

Birmingham

West Midlands

B19 2HN

FIXED ASSETS

Tangible assets

2

114,100

113,990

CURRENT ASSETS

Cash at bank and in hand

6,920

300

CREDITORS

Amounts falling due within one year

146,315

113,990

NET CURRENT LIABILITIES

(139,395

)

(113,690

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,295

)

300

CAPITAL AND RESERVES

Called up share capital

3

300

300

Profit and loss account

(25,595

)

-

SHAREHOLDERS' FUNDS

(25,295

)

300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 January 2015 and were signed by:

Mr Mohammed M Rahman - 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

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

113,990

Additions

77,000

Disposals

(33,490

)

At 31 December 2014

157,500

DEPRECIATION

Charge for year

50,098

Eliminated on disposal

(6,698

)

At 31 December 2014

43,400

NET BOOK VALUE

At 31 December 2014

114,100

At 31 December 2013

113,990

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

1

300

300