| Rosewood Garages Limited |
| Registered number: |
05422087 |
| Abbreviated Balance Sheet |
| as at 30 April 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
433,974 |
|
|
439,799 |
|
| Current assets |
| Debtors |
|
|
- |
|
|
1,021 |
| Cash at bank and in hand |
|
|
74,544 |
|
|
77,580 |
|
|
|
74,544 |
|
|
78,601 |
|
| Creditors: amounts falling due within one year |
|
|
(85,634) |
|
|
(157,462) |
|
| Net current liabilities |
|
|
|
(11,090) |
|
|
(78,861) |
|
| Total assets less current liabilities |
|
|
|
422,884 |
|
|
360,938 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(201,684) |
|
|
(216,632) |
|
|
|
| Net assets |
|
|
|
221,200 |
|
|
144,306 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
221,100 |
|
|
144,206 |
|
| Shareholders' funds |
|
|
|
221,200 |
|
|
144,306 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Hardial Tawana |
| Director |
| Approved by the board on 30 September 2015 |
|
| Rosewood Garages Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 April 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2014 |
482,222 |
|
At 30 April 2015 |
482,222 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2014 |
42,423 |
|
Charge for the year |
5,825 |
|
At 30 April 2015 |
48,248 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2015 |
433,974 |
|
At 30 April 2014 |
439,799 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2015 |
|
2014 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
108,468 |
|
123,300 |
|
Secured bank loans |
224,988 |
|
239,965 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Director's loan account |
|
Hardial Tawana |
(69,657) |
|
66,201 |
|
3,400 |
|
(56) |
|
|
|
(69,657) |
|
66,201 |
|
3,400 |
|
(56) |
|
|
|
|
|
|
|
|
|
