Abbreviated Company Accounts - CAR & KEYS NATIONWIDE LIMITED

CAR & KEYS NATIONWIDE LIMITED - Company Information

08668461 CAR & KEYS NATIONWIDE LIMITED 2014-08-31 false 2013-08-29 2014-08-31 true 08668461 2013-08-29 2014-08-31 08668461 2014-08-31 08668461 uk-gaap-cd-bus:Director1 2013-08-29 2014-08-31 08668461 uk-gaap-cd-bus:Director2 2013-08-29 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-29 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 08668461

CAR & KEYS NATIONWIDE LIMITED

Abbreviated Accounts

31 August 2014

CAR & KEYS NATIONWIDE LIMITED Registered Number 08668461

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	262,629
Tangible assets	3	19,462
		282,091
Current assets
Debtors		53,036
Cash at bank and in hand		7,752
		60,788
Creditors: amounts falling due within one year		(341,605)
Net current assets (liabilities)		(280,817)
Total assets less current liabilities		1,274
Provisions for liabilities		(184)
Total net assets (liabilities)		1,090
Capital and reserves
Called up share capital	4	100
Profit and loss account		990
Shareholders' funds		1,090

For the year ending 31 August 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 May 2015

And signed on their behalf by:
A McMurray, Director

CAR & KEYS NATIONWIDE LIMITED Registered Number 08668461

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. The company's income is derived from it's principal activity of the provision of mobile locksmith services to motorists and the motoring insurance market. Income is recognised as turnover when the services have been performed.

Tangible assets depreciation policy
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:
Plant and machinery: 25% straight line
Fixtures and equipment: 33% straight line

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual installments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
Additions	274,048
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	274,048
Amortisation
Charge for the year	11,419
On disposals	-
At 31 August 2014	11,419
Net book values
At 31 August 2014	262,629

3Tangible fixed assets

	£
Cost
Additions	21,636
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	21,636
Depreciation
Charge for the year	2,174
On disposals	-
At 31 August 2014	2,174
Net book values
At 31 August 2014	19,462

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
100 Ordinary shares of £1 each	100