INGS_VIEW_SERVICE_STATION - Accounts

INGS VIEW SERVICE STATION LIMITED - Company Information

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INGS VIEW SERVICE STATION LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2014

COMPANY REGISTRATION NO. 04683660 (England and Wales)

INGS VIEW SERVICE STATION LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

INGS VIEW SERVICE STATION LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

4,297

2,871

Current assets

Stocks

2,139

2,497

Debtors

6,215

7,138

Cash at bank and in hand

12,299

5,909

20,653

15,544

Creditors: amounts falling due within one year

(37,721)

(34,979)

Net current liabilities

(17,068)

(19,435)

Total assets less current liabilities

(12,771)

(16,564)

Provisions for liabilities

(22)

(12,771)

(16,586)

Capital and reserves

Called up share capital

100

Profit and loss account

(12,871)

(16,686)

Shareholders' funds

(12,771)

(16,586)

For the financial year ended 30 June 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 member has 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 25 March 2015

Mr P Foster

Director

Company Registration No. 04683660

INGS VIEW SERVICE STATION LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Office equipment

33% straight line

Plant and machinery

20% reducing balance

Fixtures and fittings

20% reducing balance

Motor vehicles

20% reducing balance

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Stock

Stock is valued at the lower of cost and net realisable value.

1.8

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.

INGS VIEW SERVICE STATION LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 July 2013

49,326

17,553

66,879

Additions

2,500

At 30 June 2014

49,326

20,053

69,379

Depreciation

At 1 July 2013

49,326

14,682

64,008

Charge for the year

1,074

At 30 June 2014

49,326

15,756

65,082

Net book value

At 30 June 2014

4,297

At 30 June 2013

2,871

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100