Abbreviated Company Accounts - FOSTERS AUTO CENTRES LIMITED

FOSTERS AUTO CENTRES LIMITED - Company Information

03122513 FOSTERS AUTO CENTRES LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 03122513 2013-06-01 2014-05-31 03122513 2014-05-31 03122513 2013-05-31 03122513 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 03122513 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 03122513

FOSTERS AUTO CENTRES LIMITED

Abbreviated Accounts

31 May 2014

FOSTERS AUTO CENTRES LIMITED Registered Number 03122513

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	18,588	22,903
		18,588	22,903
Current assets
Stocks		20,000	20,000
Debtors		97,394	86,184
Cash at bank and in hand		42,444	32,303
		159,838	138,487
Creditors: amounts falling due within one year		(157,654)	(150,890)
Net current assets (liabilities)		2,184	(12,403)
Total assets less current liabilities		20,772	10,500
Total net assets (liabilities)		20,772	10,500
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		20,672	10,400
Shareholders' funds		20,772	10,500

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 17 February 2015

And signed on their behalf by:
M P Foster, Director

FOSTERS AUTO CENTRES LIMITED Registered Number 03122513

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant & Machinery 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2013	39,943
Additions	334
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	40,277
Depreciation
At 1 June 2013	17,040
Charge for the year	4,649
On disposals	-
At 31 May 2014	21,689
Net book values
At 31 May 2014	18,588
At 31 May 2013	22,903

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

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