Abbreviated Company Accounts - USHER MOTORS LIMITED

USHER MOTORS LIMITED - Company Information

04302659 USHER MOTORS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 04302659 2014-04-01 2015-03-31 04302659 2015-03-31 04302659 2014-03-31 04302659 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 04302659 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 iso4217:GBP shares

Registered Number 04302659

USHER MOTORS LIMITED

Abbreviated Accounts

31 March 2015

USHER MOTORS LIMITED Registered Number 04302659

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	3,014	3,445
Tangible assets	3	9,902	9,355
		12,916	12,800
Current assets
Stocks		16,828	20,320
Debtors		1,828	3,486
Cash at bank and in hand		3,886	-
		22,542	23,806
Creditors: amounts falling due within one year		(34,181)	(40,440)
Net current assets (liabilities)		(11,639)	(16,634)
Total assets less current liabilities		1,277	(3,834)
Provisions for liabilities		(1,201)	(920)
Total net assets (liabilities)		76	(4,754)
Capital and reserves
Called up share capital	4	3	3
Profit and loss account		73	(4,757)
Shareholders' funds		76	(4,754)

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 20 August 2015

And signed on their behalf by:
Mr P Usher, Director

USHER MOTORS LIMITED Registered Number 04302659

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.

Tangible assets depreciation policy
Improvements to Property - 10% on reducing balance
Plant & Machinery - 20% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on reducing balance

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its useful economic life of twenty years.

2Intangible fixed assets

	£
Cost
At 1 April 2014	8,617
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	8,617
Amortisation
At 1 April 2014	5,172
Charge for the year	431
On disposals	-
At 31 March 2015	5,603
Net book values
At 31 March 2015	3,014
At 31 March 2014	3,445

3Tangible fixed assets

	£
Cost
At 1 April 2014	49,034
Additions	3,155
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	52,189
Depreciation
At 1 April 2014	39,679
Charge for the year	2,608
On disposals	-
At 31 March 2015	42,287
Net book values
At 31 March 2015	9,902
At 31 March 2014	9,355

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2
1 B Ordinary shares of £1 each	1	1