Select First Motorhomes Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05628291 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

SELECT FIRST MOTORHOMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr G Marchant

Mrs L Marchant

SECRETARY:

Mrs L Marchant

REGISTERED OFFICE:

44 Woodside

Dunkirk

Faversham

Kent

ME13 9NY

REGISTERED NUMBER:

05628291 (England and Wales)

ACCOUNTANTS:

Michael Martin Partnership Limited

Chartered Certified Accountants

18 Canterbury Road

Whitstable

Kent

CT5 4EY

FIXED ASSETS

Intangible assets

2

67,800

67,800

Tangible assets

3

3,506

3,529

71,306

71,329

CURRENT ASSETS

Stocks

107,282

93,546

Debtors

-

229

Cash at bank and in hand

2,110

13,034

109,392

106,809

CREDITORS

Amounts falling due within one year

178,568

168,555

NET CURRENT LIABILITIES

(69,176

)

(61,746

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,130

9,583

CREDITORS

Amounts falling due after more than one year

-

4,558

NET ASSETS

2,130

5,025

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

2,030

4,925

SHAREHOLDERS' FUNDS

2,130

5,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 August 2014 and were signed on its behalf by:

Mr G Marchant - Director

Mrs L Marchant - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

67,800

NET BOOK VALUE

At 31 March 2014

67,800

At 31 March 2013

67,800

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

8,501

Additions

745

At 31 March 2014

9,246

DEPRECIATION

At 1 April 2013

4,972

Charge for year

768

At 31 March 2014

5,740

NET BOOK VALUE

At 31 March 2014

3,506

At 31 March 2013

3,529

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary shares

£1

100

100