ONE_2_ONE_CAR_AUDIO_AND_V - Accounts

ONE 2 ONE CAR AUDIO LIMITED - Company Information

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Company Registration No. 05920106 (England and Wales)

ONE 2 ONE CAR AUDIO AND VALETING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

ONE 2 ONE CAR AUDIO AND VALETING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ONE 2 ONE CAR AUDIO AND VALETING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

3,480

4,310

Current assets

Stocks

850

Debtors

1,821

1,623

Cash at bank and in hand

6,031

8,158

8,702

10,631

Creditors: amounts falling due within one year

(32,980)

(36,660)

Net current liabilities

(24,278)

(26,029)

Total assets less current liabilities

(20,798)

(21,719)

Capital and reserves

Called up share capital

Profit and loss account

(20,799)

(21,720)

Shareholders' funds

(20,798)

(21,719)

For the financial year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have 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 28 August 2015

Mr Paul Taylor

Director

Company Registration No. 05920106

ONE 2 ONE CAR AUDIO AND VALETING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 2 -

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 director has given an undertaking that he will provide, both directly and indirectly, sufficient funds to enable the company to meet its day to day working capital requirements.

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.

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

Motor vehicles

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 December 2013 & at 30 November 2014

17,919

Depreciation

At 1 December 2013

13,610

Charge for the year

829

At 30 November 2014

14,439

Net book value

At 30 November 2014

3,480

At 30 November 2013

4,310

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary of £1 each