Forge Car Sales Limited,Ltd - Accounts


2014-04-01 true false Private Limited Company 06527793 2015-03-31 06527793 2014-04-01 2015-03-31 06527793 2014-03-31 06527793 2013-04-01 2014-03-31 06527793 uk-bus:Director1 2014-04-01 2015-03-31 06527793 uk-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP
Forge Car Sales Limited
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06527793
2
Contents Page
Forge Car Sales Limited
For the year ended 31 March 2015
1
Balance Sheet
2
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Forge Car Sales Limited
As at 31 March 2015
06527793
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
212
283
212
283
Current assets
Stocks
-
28,750
Debtors
2,000
2,102
Cash at bank and in hand
-
9,967
30,852
11,967
Creditors: amounts falling due within one year
(6,466)
(6,690)
5,501
24,162
Net current assets
Total assets less current liabilities
24,374
5,784
24,374
Net assets
5,784
Capital and reserves
Called up share capital
2
3
2
Profit and loss account
24,372
5,782
24,374
5,784
Shareholders funds
For the 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.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 24 June 2015
G L Wedlake Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Forge Car Sales Limited
For the year ended 31 March 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Plant&Machinery 25% reducing balance.
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 direct costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
1,392
At 01 April 2014
At 31 March 2015
1,392
Depreciation
1,109
At 01 April 2014
71
Charge for year
1,180
At 31 March 2015
Net book values
At 31 March 2015
212
283
At 31 March 2014
3 Share capital
Allotted called up and fully paid
2015
2014
£
£
2 Ordinary shares of £1.00 each
2
2
2
2
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