Cars Select Limited - Limited company - abbreviated

REGISTERED NUMBER: 02334513 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

FOR

CARS SELECT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

ML Rodwell

SECRETARY:

Mrs MJ Rodwell

REGISTERED OFFICE:

17 Cunliffe Drive

Kettering

Northamptonshire

NN16 8LD

REGISTERED NUMBER:

02334513 (England and Wales)

ACCOUNTANTS:

Bewers Turner & Co Limited

Chartered Accountants

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

CURRENT ASSETS

Stocks

56,657

70,547

Debtors

14,449

33,360

Cash at bank

42,146

58,440

113,252

162,347

CREDITORS

Amounts falling due within one year

38,244

86,078

NET CURRENT ASSETS

75,008

76,269

TOTAL ASSETS LESS CURRENT
LIABILITIES

75,008

76,269

CAPITAL AND RESERVES

Called up share capital

2

50,000

Capital redemption reserve

25,000

Profit and loss account

8

1,269

SHAREHOLDERS' FUNDS

75,008

76,269

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29th September 2015 and were signed by:

ML Rodwell - 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

50,000

Ordinary

£1

50,000

Cars Select Limited - Limited company - abbreviated - 11.6

Cars Select Limited - Limited company - abbreviated - 11.6