Abbreviated Company Accounts - WATERLOO MOTOR COMPANY LIMITED

Abbreviated Company Accounts - WATERLOO MOTOR COMPANY LIMITED

WATERLOO MOTOR COMPANY LIMITED - Company Information

Print Friendly Version

Registered Number 06656393

WATERLOO MOTOR COMPANY LIMITED

Abbreviated Accounts

31 October 2014

WATERLOO MOTOR COMPANY LIMITED Registered Number 06656393

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 8,844 8,248
8,844 8,248
Current assets
Stocks 4,200 4,500
Debtors 5,232 4,103
9,432 8,603
Creditors: amounts falling due within one year 3 (38,978) (41,025)
Net current assets (liabilities) (29,546) (32,422)
Total assets less current liabilities (20,702) (24,174)
Total net assets (liabilities) (20,702) (24,174)
Capital and reserves
Called up share capital 1 1
Profit and loss account (20,703) (24,175)
Shareholders' funds (20,702) (24,174)
  • For the year ending 31 October 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 17 July 2015

And signed on their behalf by:
G JOHNSON, Director

WATERLOO MOTOR COMPANY LIMITED Registered Number 06656393

Notes to the Abbreviated Accounts for the period ended 31 October 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 the net invoiced sales of good excluding vat

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:-
Plant and equipment 20% on cost
Motor vehicle 20% on cost

2Tangible fixed assets
£
Cost
At 1 November 2013 27,303
Additions 2,575
Disposals (2,000)
Revaluations -
Transfers -
At 31 October 2014 27,878
Depreciation
At 1 November 2013 19,055
Charge for the year 1,579
On disposals (1,600)
At 31 October 2014 19,034
Net book values
At 31 October 2014 8,844
At 31 October 2013 8,248
3Creditors
2014
£		 2013
£
Secured Debts 38,978 41,025