MOTOR_&_ARMATURE_REWINDS_ - Accounts

MOTOR & ARMATURE REWINDS LIMITED - Company Information

Print Friendly Version

Company Registration No. 941689 (England and Wales)

MOTOR & ARMATURE REWINDS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

MOTOR & ARMATURE REWINDS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

MOTOR & ARMATURE REWINDS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

1,902

1,968

Current assets

Stocks

4,078

2,500

Debtors

5,132

15,654

Cash at bank and in hand

10,022

9,514

19,232

27,668

Creditors: amounts falling due within one year

(26,249)

(26,551)

Net current (liabilities)/assets

(7,017)

1,117

Total assets less current liabilities

(5,115)

3,085

Provisions for liabilities

(381)

(166)

(5,496)

2,919

Capital and reserves

Called up share capital

100

Profit and loss account

(5,596)

2,819

Shareholders' funds

(5,496)

2,919

MOTOR & ARMATURE REWINDS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2013

- 2 -

For the financial year ended 30 November 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 August 2014

D. Nagy

Director

Company Registration No. 941689

MOTOR & ARMATURE REWINDS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company is able to meet its day-to-day working capital requirements through the operation of a bank overdraft and reliance on the terms of its creditors. This support is not expected to be withdrawn, and on this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised over the period the service is provided to the customer.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% reducing balance

Fixtures, fittings & equipment

15% & 40% reducing balance

Motor vehicles

20% reducing balance

1.5

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

MOTOR & ARMATURE REWINDS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2013

- 4 -

Fixed assets

Tangible assets

Cost

At 1 December 2012

22,310

Additions

509

Disposals

(300)

At 30 November 2013

22,519

Depreciation

At 1 December 2012

20,342

On disposals

(299)

Charge for the year

574

At 30 November 2013

20,617

Net book value

At 30 November 2013

1,902

At 30 November 2012

1,968

Share capital

2013

2012

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100