Glen Tyre Services Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01608659 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

FOR

GLEN TYRE SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

E M B Curtis

SECRETARY:

G J Curtis

REGISTERED OFFICE:

1386 London Road

Leigh on sea

Essex

SS9 2UJ

REGISTERED NUMBER:

01608659 (England and Wales)

ACCOUNTANTS:

Francis James & Partners LLP

Chartered Accountants

1386 London Road

Leigh on Sea

Essex

SS9 2UJ

FIXED ASSETS

Tangible assets

2

477

561

CURRENT ASSETS

Stocks

3,021

1,653

Debtors

13,474

13,823

Cash at bank

3,696

11,244

20,191

26,720

CREDITORS

Amounts falling due within one year

12,768

19,139

NET CURRENT ASSETS

7,423

7,581

TOTAL ASSETS LESS CURRENT LIABILITIES

7,900

8,142

CREDITORS

Amounts falling due after more than one year

75

79

NET ASSETS

7,825

8,063

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

7,823

8,061

SHAREHOLDERS' FUNDS

7,825

8,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 13 August 2015 and were signed by:

E M B Curtis - 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.

In the year to 31st January 2015, £24,136 (2014: £37,334) of the company's turnover was to markets outside the

United Kingdom.

Tangible fixed assets

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

Plant and machinery

-

15% 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 has been calculated, but the amount involved is not significant enough to materially affect the

financial statements, and therefore no provision has been made.

Operating lease

Rent payments have been charged to the profit and loss account for the periods to which they relate.

2.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 February 2014

and 31 January 2015

13,215

DEPRECIATION

At 1 February 2014

12,654

Charge for year

84

At 31 January 2015

12,738

NET BOOK VALUE

At 31 January 2015

477

At 31 January 2014

561

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

There were no dividends voted in the year.

5.	RELATED PARTY DISCLOSURES

Included within creditors falling due after more than one year is £75 (2014: £79) owed to the director.