Abbreviated Company Accounts - PARK CRESCENT GARAGE SERVICES LTD

PARK CRESCENT GARAGE SERVICES LTD - Company Information

05800915 PARK CRESCENT GARAGE SERVICES LTD 2014-05-31 false 2013-06-01 2014-05-31 true 05800915 2013-06-01 2014-05-31 05800915 2014-05-31 05800915 2013-05-31 05800915 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 05800915 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 05800915

PARK CRESCENT GARAGE SERVICES LTD

Abbreviated Accounts

31 May 2014

PARK CRESCENT GARAGE SERVICES LTD Registered Number 05800915

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	18,680	20,141
		18,680	20,141
Current assets
Stocks		5,500	5,825
Debtors		2,550	3,178
Cash at bank and in hand		4,258	1,631
		12,308	10,634
Creditors: amounts falling due within one year		(30,625)	(30,435)
Net current assets (liabilities)		(18,317)	(19,801)
Total assets less current liabilities		363	340
Total net assets (liabilities)		363	340
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		263	240
Shareholders' funds		363	340

For the year ending 31 May 2014 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 27 February 2015

And signed on their behalf by:
M Knibbs, Director

PARK CRESCENT GARAGE SERVICES LTD Registered Number 05800915

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the net invoiced value of work done, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and equipment - 15% reducing balance
Office furniture and equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Stock and Work in Progress
Stock and work in progress are valued at the lower of cost including attributable overheads and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 June 2013	51,115
Additions	2,113
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	53,228
Depreciation
At 1 June 2013	30,974
Charge for the year	3,574
On disposals	-
At 31 May 2014	34,548
Net book values
At 31 May 2014	18,680
At 31 May 2013	20,141

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100