Shropshire Cars, Classics & Commercials Ltd Filleted accounts for Companies House (small and micro)

Shropshire Cars, Classics & Commercials Ltd Filleted accounts for Companies House (small and micro)

SHROPSHIRE CARS, CLASSICS & COMMERCIALS LTD - Company Information

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COMPANY REGISTRATION NUMBER: 10124385
Shropshire Cars, Classics & Commercials Ltd
Filleted Unaudited Financial Statements
30 April 2018
Shropshire Cars, Classics & Commercials Ltd
Statement of Financial Position
30 April 2018
Period from
Year to
14 Apr 16 to
30 Apr 18
30 Apr 17
£
£
£
£
Fixed assets
5,400
7,031
-------
-------
Current assets
27,919
30,064
Creditors: amounts falling due within one year
78,975
62,214
---------
---------
Net Current Liabilities
51,056
32,150
---------
---------
Total Assets Less Current Liabilities
( 45,656)
( 25,119)
Accruals and deferred income
750
1,500
---------
---------
(46,406)
(26,619)
---------
---------
Capital and reserves
( 46,406)
( 26,619)
---------
---------
Notes to the Financial Statements
1. Directors' Advances, Credits and Guarantees
During the year the directors entered into the following advances and credits with the company:
2018
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Simpson
( 14,913)
( 14,719)
1,529
( 28,103)
Mr I Burgess
( 42,211)
( 8,089)
755
( 49,545)
---------
---------
-------
---------
( 57,124)
( 22,808)
2,284
( 77,648)
---------
---------
-------
---------
2017
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Simpson
–
( 17,185)
2,272
( 14,913)
Mr I Burgess
–
( 43,082)
871
( 42,211)
----
---------
-------
---------
–
( 60,267)
3,143
( 57,124)
----
---------
-------
---------
The non-interest bearing loans are repayable on demand.
2. Other Financial Commitments
The company has entered into operating leases of which instalments totalling £22,521 (2017 - £28,270) remain outstanding at the balance sheet date.
3. Going Concern
The financial statements have been prepared on a going concern basis which assumes the continued support of the directors.
For the year ending 30th April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 29 April 2019 , and are signed on behalf of the board by:
Mr I Burgess
Director
Company registration number: 10124385
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Emstrey House North, Sitka Drive, Shrewsbury Business Park, Shrewsbury, SY2 6LG.