Classic Vehicles Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03840299 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 APRIL 2013 TO 30 SEPTEMBER 2014

FOR

CLASSIC VEHICLES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Accountants' Report

5

DIRECTORS:

B E Tramaseur

P E Frost

B P Holdstock

T A E Russell

SECRETARY:

B E Tramaseur

REGISTERED OFFICE:

20 Havelock Road

HASTINGS

East Sussex

TN34 1BP

REGISTERED NUMBER:

03840299 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey LLP

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

2

-

2,629

CURRENT ASSETS

Debtors

1,081

1,227

Cash at bank

3,153

14,564

4,234

15,791

CREDITORS

Amounts falling due within one year

7,212

7,448

NET CURRENT (LIABILITIES)/ASSETS

(2,978

)

8,343

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,978

)

10,972

CREDITORS

Amounts falling due after more than one year

(25,000

)

(25,000

)

PROVISIONS FOR LIABILITIES

-

(320

)

NET LIABILITIES

(27,978

)

(14,348

)

CAPITAL AND RESERVES

Called up share capital

3

103

103

Profit and loss account

(28,081

)

(14,451

)

SHAREHOLDERS' FUNDS

(27,978

)

(14,348

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 30 March 2015 and were signed on its behalf by:

P E Frost - Director

B P Holdstock - Director

1.	ACCOUNTING POLICIES

Basis of preparation

The company ceased trading on 30 September 2014. All fixtures and fittings were scrapped. The company sold its

website. The directors will ensure outstanding debts are collected and liabilities settled. The value of assets and

liabilities are not expected to be materially different to those shown on the balance sheet.

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).

Changes in accounting policies

During the year Ebay product listing fees were reclassified as a cost of sales where previously these had been

recognised under other expenditure. The change has been applied to both the current and prior year accounts,

however there are no tax implications of this change in policy.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

8,373

Disposals

(8,373

)

At 30 September 2014

-

DEPRECIATION

At 1 April 2013

5,744

Eliminated on disposal

(5,744

)

At 30 September 2014

-

NET BOOK VALUE

At 30 September 2014

-

At 31 March 2013

2,629

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

31.3.13

value:

£

£

1,030

Ordinary

10p

103

103

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Classic Vehicles Limited for the period ended 30 September 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to

its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Classic Vehicles Limited, as a body, in accordance with our terms

of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Classic

Vehicles Limited and state those matters that we have agreed to state to the Board of Directors of Classic Vehicles

Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of

Directors, as a body, for our work or for this report.

It is your duty to ensure that Classic Vehicles Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Classic Vehicles

Limited. You consider that Classic Vehicles Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Classic Vehicles Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey LLP

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

30 March 2015