Cirencester Tyre & Exhaust Centre Ltd - Limited company - abbreviated - 11.6

Cirencester Tyre & Exhaust Centre Ltd - Limited company - abbreviated - 11.6

CIRENCESTER TYRE & EXHAUST CENTRE LIMITED - Company Information

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05576335 1.1.14 31.12.14 31.12.14 Company accounts Private Limited Company FY true false true false true false false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure055763352013-12-31055763352014-12-31055763352014-01-012014-12-31055763352012-12-31055763352013-01-012013-12-31055763352013-12-3105576335ns12:England2014-01-012014-12-3105576335ns14:PoundSterling2014-01-012014-12-3105576335ns7:Director12014-01-012014-12-3105576335ns7:OrdinaryShareClass12014-01-012014-12-3105576335ns7:OrdinaryShareClass22014-01-012014-12-3105576335ns7:OrdinaryShareClass32014-01-012014-12-3105576335ns7:Director22014-01-012014-12-3105576335ns7:Director32014-01-012014-12-3105576335ns7:CompanySecretary2014-01-012014-12-3105576335ns7:RegisteredOffice2014-01-012014-12-3105576335ns7:EntityAccountantsOrAuditors2014-01-012014-12-3105576335ns7:OrdinaryShareClass12014-12-3105576335ns7:OrdinaryShareClass12013-12-3105576335ns7:OrdinaryShareClass22014-12-3105576335ns7:OrdinaryShareClass22013-12-3105576335ns7:OrdinaryShareClass32014-12-3105576335ns7:OrdinaryShareClass32013-12-31
REGISTERED NUMBER: 05576335 (England and Wales)








ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

CIRENCESTER TYRE & EXHAUST CENTRE LTD

CIRENCESTER TYRE & EXHAUST CENTRE LTD (REGISTERED NUMBER: 05576335)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

CIRENCESTER TYRE & EXHAUST CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2014







DIRECTORS: J A Tanner
Mrs N L Temprell
D J Tanner





SECRETARY: Mrs N L Temprell





REGISTERED OFFICE: 62 Elliot Road
Love Lane Industrial Estate
Cirencester
Gloucestershire
GL7 1YS





REGISTERED NUMBER: 05576335 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX
1
CIRENCESTER TYRE & EXHAUST CENTRE LTD (REGISTERED NUMBER: 05576335)

ABBREVIATED BALANCE SHEET
31 December 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 6,800 13,600
Tangible assets 3 14,342 12,531
21,142 26,131

CURRENT ASSETS
Stocks 6,667 9,352
Debtors 20,685 23,696
Cash at bank 9,015 8,009
36,367 41,057
CREDITORS
Amounts falling due within one year 95,275 102,444
NET CURRENT LIABILITIES (58,908 ) (61,387 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(37,766		 )
(35,256		 )

CAPITAL AND RESERVES
Called up share capital 4 6 6
Profit and loss account (37,772 ) (35,262 )
SHAREHOLDERS' FUNDS (37,766 ) (35,256 )

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 directors acknowledge their 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 Board of Directors on 9 March 2015 and were signed on its behalf by:





J A Tanner - Director


The notes form part of these abbreviated accounts

2
CIRENCESTER TYRE & EXHAUST CENTRE LTD (REGISTERED NUMBER: 05576335)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 December 2014

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 goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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


Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 68,000
AMORTISATION
At 1 January 2014 54,400
Amortisation for year 6,800
At 31 December 2014 61,200
NET BOOK VALUE

At 31 December 2014 6,800
At 31 December 2013 13,600

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 46,972
Additions 5,450
At 31 December 2014 52,422
DEPRECIATION
At 1 January 2014 34,441
Charge for year 3,639
At 31 December 2014 38,080
NET BOOK VALUE
At 31 December 2014 14,342
At 31 December 2013 12,531

3
CIRENCESTER TYRE & EXHAUST CENTRE LTD (REGISTERED NUMBER: 05576335)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 December 2014

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary 1 2 2
2 Ordinary A £1 2 2
2 Ordinary B £1 2 2
6 6

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is an amount of £6,492 (2013 : £8,752) owing to the director.

4