Euro Car Specialist Ltd - Abbreviated accounts

Registered number

07896516

Euro Car Specialist Ltd

Abbreviated Accounts

31 March 2014

Euro Car Specialist Ltd

Report to the director on the preparation of the unaudited abbreviated accounts of Euro Car Specialist Ltd for the period ended 31 March 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Euro Car Specialist Ltd for the period ended 31 March 2014 which comprise of 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Jonathan Toop
Chartered Certified Accountants
Fides House
10 Chertsey Road
Woking
Surrey
GU21 5AB

31 March 2015

Euro Car Specialist Ltd
Registered number:		07896516
Abbreviated Balance Sheet
as at 31 March 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		2,250			3,375

Current assets
Stocks		1,500			-
Cash at bank and in hand		1,240			1,009
		2,740			1,009

Creditors: amounts falling due within one year		(4,503)			(7,811)

Net current liabilities			(1,763)			(6,802)

Net assets/(liabilities)			487			(3,427)

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			387			(3,527)

Shareholders' funds			487			(3,427)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



N Butt
Director
Approved by the board on 31 March 2015

Euro Car Specialist Ltd
Notes to the Abbreviated Accounts
for the period ended 31 March 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line

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

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 February 2013					4,500
	At 31 March 2014					4,500

	Depreciation
	At 1 February 2013					1,125
	Charge for the period					1,125
	At 31 March 2014					2,250

	Net book value
	At 31 March 2014					2,250
	At 31 January 2013					3,375


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100