BLACKSMITH_LANE_CAR_SALES - Accounts

BLACKSMITH LANE CAR SALES LTD - Company Information

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Company Registration No. 04906232 (England and Wales)

BLACKSMITH LANE CAR SALES LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

BLACKSMITH LANE CAR SALES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BLACKSMITH LANE CAR SALES LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

6,167

6,392

Current assets

Stocks

268,460

235,700

Debtors

297

231

Cash at bank and in hand

95,277

35,421

364,034

271,352

Creditors: amounts falling due within one year

(243,231)

(221,852)

Net current assets

120,803

49,500

Total assets less current liabilities

126,970

55,892

Provisions for liabilities

(1,230)

(1,278)

125,740

54,614

Capital and reserves

Called up share capital

Profit and loss account

125,739

54,613

Shareholders' funds

125,740

54,614

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 December 2014

Mr John Dixon

Director

Company Registration No. 04906232

BLACKSMITH LANE CAR SALES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% Reducing Balance

Computer equipment

33% Straight Line

Fixtures, fittings & equipment

15% Reducing Balance/10% Straight Line

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 October 2013

11,258

Additions

1,509

Disposals

(2,127)

At 30 September 2014

10,640

Depreciation

At 1 October 2013

4,866

On disposals

(1,183)

Charge for the year

790

At 30 September 2014

4,473

Net book value

At 30 September 2014

6,167

At 30 September 2013

6,392

BLACKSMITH LANE CAR SALES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary shares of £1 each