Abbreviated Company Accounts - NDR MOTORS LIMITED

NDR MOTORS LIMITED - Company Information

Registered Number 07179577

NDR MOTORS LIMITED

Abbreviated Accounts

31 March 2015

NDR MOTORS LIMITED Registered Number 07179577

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	57,244	61,090
Tangible assets	3	8,747	10,070
		65,991	71,160
Current assets
Stocks		3,500	3,500
Debtors		30,430	22,758
Cash at bank and in hand		78,332	57,530
		112,262	83,788
Creditors: amounts falling due within one year		(152,260)	(154,036)
Net current assets (liabilities)		(39,998)	(70,248)
Total assets less current liabilities		25,993	912
Total net assets (liabilities)		25,993	912
Capital and reserves
Called up share capital		100	100
Profit and loss account		25,893	812
Shareholders' funds		25,993	912

For the year ending 31 March 2015 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 10 May 2015

And signed on their behalf by:
Raju Shah, Director
Nishit Shah, Director

NDR MOTORS LIMITED Registered Number 07179577

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery 15% on a reducing balance basis
Fixtures, fittings & equipment 15% on a reducing balance basis

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings leasehold 15% on a reducing balance basis

2Intangible fixed assets

	£
Cost
At 1 April 2014	76,577
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	76,577
Amortisation
At 1 April 2014	15,487
Charge for the year	3,846
On disposals	-
At 31 March 2015	19,333
Net book values
At 31 March 2015	57,244
At 31 March 2014	61,090

3Tangible fixed assets

	£
Cost
At 1 April 2014	18,318
Additions	187
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	18,505
Depreciation
At 1 April 2014	8,248
Charge for the year	1,510
On disposals	-
At 31 March 2015	9,758
Net book values
At 31 March 2015	8,747
At 31 March 2014	10,070