Accounts filed on 30-06-2014

355 AUTOMOBILE RESTORATIONS LIMITED - Company Information

true 05427580 355 AUTOMOBILE RESTORATIONS LIMITED 2014-06-30 15749 21202 27263 27263 6061 11514 5453 15749 21202 90050 55510 22533 6608 6278 2 118861 62120 131060 72239 -12199 -10119 3550 11083 700 1130 2850 9953 2 2 Ordinary 1.00 2 2 2 2848 9951 2850 9953 true true true true 2015-03-30 A J COXHEAD true Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all director expenditure and an appropriate proportion of fixed and variable overheads. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Turnover Turnover represents net invoiced sales of goods arising from the company's principal activity, excluding value added tax. Improvements to property On cost 20.00 Plant and Machinery On cost 20.00 Director's advances, credits and guarantees At the period end the directors are owed £43,509 (2013 £16,0730. The loan carries no set repayment terms and no right to interest. During the period the director became entitled to dividends of £18,000 (2013 £Nil). Ultimate controlling party The ultimate controlling party is A J Coxhead. Going concern considerations The Director has considered the financial viability of the company for the forthcoming year and has confirmed his continuing financial support for the company. Other financial commitments Operating lease commitments The Company has an operating lease commitments for land and buildings amounting to £24,000. The lease is due to expire within two to five years. xbrli:shares xbrli:pure iso4217:GBP iso4217:GBP 355 AUTOMOBILE RESTORATIONS LIMITED 2013-07-012014-06-30 355 AUTOMOBILE RESTORATIONS LIMITED 2012-05-01 2013-06-30 355 AUTOMOBILE RESTORATIONS LIMITED 2013-07-01 355 AUTOMOBILE RESTORATIONS LIMITED 2014-06-30 355 AUTOMOBILE RESTORATIONS LIMITED 2012-05-01 355 AUTOMOBILE RESTORATIONS LIMITED 2013-06-30 2015-03-31