Motor Vehicle (Services) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08596346 (England and Wales)

MOTOR VEHICLE (SERVICES) LTD

TRADING AS

CROMFORD ROAD CARS

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

4 JULY 2013 TO 31 OCTOBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Campbell

C M Campbell

SECRETARY:

C M Campbell

REGISTERED OFFICE:

18 South Street

Chesterfield

S40 1QX

REGISTERED NUMBER:

08596346 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,579

CURRENT ASSETS

Stocks

135,504

Debtors

2,160

Cash at bank and in hand

15,016

152,680

CREDITORS

Amounts falling due within one year

114,395

NET CURRENT ASSETS

38,285

TOTAL ASSETS LESS CURRENT LIABILITIES

39,864

CREDITORS

Amounts falling due after more than one year

40,000

NET LIABILITIES

(136

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(236

)

SHAREHOLDERS' FUNDS

(136

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 31 March 2015 and were signed on its behalf by:

M J Campbell - Director

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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on cost

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.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,450

At 31 October 2014

2,450

DEPRECIATION

Charge for period

871

At 31 October 2014

871

NET BOOK VALUE

At 31 October 2014

1,579

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100