ECAS 2CV Parts Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05649849 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

ECAS 2CV Parts Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R Eastwood

Mrs J E Eastwood

REGISTERED OFFICE:

Unit 9 Ladford Covert

Seighford

Stafford

Staffordshire

ST18 9QL

REGISTERED NUMBER:

05649849 (England and Wales)

ACCOUNTANTS:

Gilligans Limited

Unit 4 Lymedale Business Centre

Lymedale Business Park

Hooters Hall Road

Newcastle under Lyme

Staffordshire

ST5 9QF

FIXED ASSETS

Tangible assets

2

7,496

1,948

CURRENT ASSETS

Stocks

98,310

69,234

Debtors

14,617

19,130

Cash at bank and in hand

63,167

61,552

176,094

149,916

CREDITORS

Amounts falling due within one year

158,417

128,635

NET CURRENT ASSETS

17,677

21,281

TOTAL ASSETS LESS CURRENT LIABILITIES

25,173

23,229

CAPITAL AND RESERVES

Called up share capital

3

2

2

Capital redemption reserve

1

1

Profit and loss account

25,170

23,226

SHAREHOLDERS' FUNDS

25,173

23,229

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 23 September 2015 and were signed on its behalf by:

R Eastwood - Director

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

15,730

Additions

20,989

Disposals

(10,994

)

At 31 December 2014

25,725

DEPRECIATION

At 1 January 2014

13,782

Charge for year

4,447

At 31 December 2014

18,229

NET BOOK VALUE

At 31 December 2014

7,496

At 31 December 2013

1,948

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

Ordinary

£1

2

2