Abbreviated Company Accounts - LOUGHSHORE AUTOS LTD

Abbreviated Company Accounts - LOUGHSHORE AUTOS LTD

LOUGHSHORE AUTOS T/A QUINN'S COACH HIRE LTD - Company Information

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Registered Number NI037334

LOUGHSHORE AUTOS LTD

Abbreviated Accounts

31 December 2014

LOUGHSHORE AUTOS LTD Registered Number NI037334

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,142,136 693,641
1,142,136 693,641
Current assets
Stocks 554,815 539,255
Debtors 206,914 76,568
Cash at bank and in hand - 3,348
761,729 619,171
Creditors: amounts falling due within one year (590,159) (421,885)
Net current assets (liabilities) 171,570 197,286
Total assets less current liabilities 1,313,706 890,927
Creditors: amounts falling due after more than one year (507,577) (276,832)
Total net assets (liabilities) 806,129 614,095
Capital and reserves
Called up share capital 375,001 375,001
Profit and loss account 431,128 239,094
Shareholders' funds 806,129 614,095
  • For the year ending 31 December 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 27 August 2015

And signed on their behalf by:
Kevin Quinn, Director

LOUGHSHORE AUTOS LTD Registered Number NI037334

Notes to the Abbreviated Accounts for the period ended 31 December 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.

2Tangible fixed assets
£
Cost
At 1 January 2014 1,177,007
Additions 687,679
Disposals (262,008)
Revaluations -
Transfers -
At 31 December 2014 1,602,678
Depreciation
At 1 January 2014 483,366
Charge for the year 100,619
On disposals (123,443)
At 31 December 2014 460,542
Net book values
At 31 December 2014 1,142,136
At 31 December 2013 693,641