CMW_MOTORCYCLES_LIMITED - Accounts

RAMMOTO LIMITED - Company Information

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Company Registration No. 00623251 (England and Wales)

CMW MOTORCYCLES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

CMW MOTORCYCLES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CMW MOTORCYCLES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

11,060

16,406

Current assets

Stocks

119,831

128,748

Debtors

20,239

20,747

Cash at bank and in hand

43,690

66,119

183,760

215,614

Creditors: amounts falling due within one year

(37,117)

(37,777)

Net current assets

146,643

177,837

Total assets less current liabilities

157,703

194,243

Capital and reserves

Called up share capital

5,000

Share premium account

3,964

Profit and loss account

148,739

185,279

Shareholders' funds

157,703

194,243

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 June 2015

R A Morgan

Director

Company Registration No. 00623251

CMW MOTORCYCLES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

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

10% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% straight line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

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

1.7

Deferred taxation

The accounting policy in respect of deferred tax reflects the requirements of the FRSSE. Deferred tax should be provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. No material liability exists and therefore no provision has been made.

CMW MOTORCYCLES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

96,146

Depreciation

At 1 April 2014

79,740

Charge for the year

5,346

At 31 March 2015

85,086

Net book value

At 31 March 2015

11,060

At 31 March 2014

16,406

Share capital

2015

2014

Allotted, called up and fully paid

5,000 Ordinary of £1 each

5,000