On Site Tyres (Eaton Socon) Ltd - Limited company - abbreviated - 11.6

On Site Tyres (Eaton Socon) Ltd - Limited company - abbreviated - 11.6

ON SITE TYRES (EATON SOCON) LTD. - Company Information

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REGISTERED NUMBER: 05214188 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

ON SITE TYRES (EATON SOCON) LTD

ON SITE TYRES (EATON SOCON) LTD (REGISTERED NUMBER: 05214188)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ON SITE TYRES (EATON SOCON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2014







DIRECTORS: Mr A R Jackson
Mr R Stockley





SECRETARY: Mr A R Jackson





REGISTERED OFFICE: Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP





REGISTERED NUMBER: 05214188 (England and Wales)





ACCOUNTANTS: Davey Grover Limited
Chartered Accountants
Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP
Page 1
ON SITE TYRES (EATON SOCON) LTD (REGISTERED NUMBER: 05214188)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1 6,000
Tangible assets 3 24,136 24,442
24,137 30,442

CURRENT ASSETS
Stocks 12,166 16,150
Debtors 80,199 107,788
Cash at bank 70,174 36,734
162,539 160,672
CREDITORS
Amounts falling due within one year 125,690 138,226
NET CURRENT ASSETS 36,849 22,446
TOTAL ASSETS LESS CURRENT
LIABILITIES
60,986
52,888

PROVISIONS FOR LIABILITIES 4,180 4,099
NET ASSETS 56,806 48,789

CAPITAL AND RESERVES
Called up share capital 4 200 200
Profit and loss account 56,606 48,589
SHAREHOLDERS' FUNDS 56,806 48,789

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 notes form part of these abbreviated accounts

Page 2 continued...
ON SITE TYRES (EATON SOCON) LTD (REGISTERED NUMBER: 05214188)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2014


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 15 July 2015 and were signed on its behalf by:




Mr R Stockley - Director



Mr A R Jackson - Director


The notes form part of these abbreviated accounts

Page 3
ON SITE TYRES (EATON SOCON) LTD (REGISTERED NUMBER: 05214188)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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

Plant and machinery - 15% on reducing balance
Motor vehicles - 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 November 2013
and 31 October 2014 60,000
AMORTISATION
At 1 November 2013 54,000
Amortisation for year 5,999
At 31 October 2014 59,999
NET BOOK VALUE

At 31 October 2014 1
At 31 October 2013 6,000

Page 4 continued...
ON SITE TYRES (EATON SOCON) LTD (REGISTERED NUMBER: 05214188)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013 57,557
Additions 5,796
At 31 October 2014 63,353
DEPRECIATION
At 1 November 2013 33,115
Charge for year 6,102
At 31 October 2014 39,217
NET BOOK VALUE
At 31 October 2014 24,136
At 31 October 2013 24,442

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
200 Ordinary £1 200 200

5. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,375 (2013 - £45,125) were paid to the directors .

The directors have provided the company with interest free loans during the period and at the 31 October 2014
the following balances were owed as follows:

Mr A R Jackson £60,214

Mr R Stockley £2,329

Page 5