Ray Twiss Motors Limited - Limited company - abbreviated - 11.9

Ray Twiss Motors Limited - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 04568172 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 January 2015

for

Ray Twiss Motors Limited

Ray Twiss Motors Limited (Registered number: 04568172)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Ray Twiss Motors Limited

Company Information
for the Year Ended 31 January 2015







DIRECTOR: R J Twiss





SECRETARY: Mrs E Twiss





REGISTERED OFFICE: 12/14 Macon Court
Crewe
Cheshire
CW1 6EA





REGISTERED NUMBER: 04568172 (England and Wales)





ACCOUNTANTS: Alextra Group Limited
12/14 Macon Court
Crewe
Cheshire
CW1 6EA

Ray Twiss Motors Limited (Registered number: 04568172)

Abbreviated Balance Sheet
31 January 2015

31.1.15 31.1.14
Notes £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 9,314 7,128
9,314 7,128

CURRENT ASSETS
Stocks 231,545 171,370
Debtors 2,165 1,890
Cash at bank 14,472 94,877
248,182 268,137
CREDITORS
Amounts falling due within one year (46,903 ) (65,135 )
NET CURRENT ASSETS 201,279 203,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

210,593

210,130

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 210,592 210,129
SHAREHOLDERS' FUNDS 210,593 210,130

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 26 October 2015 and were signed by:




R J Twiss - Director


Ray Twiss Motors Limited (Registered number: 04568172)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2015

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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
Fixtures and fittings - 15% on reducing balance
Computer equipment - 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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014
and 31 January 2015 30,000
AMORTISATION
At 1 February 2014
and 31 January 2015 30,000
NET BOOK VALUE

At 31 January 2015 -
At 31 January 2014 -

Ray Twiss Motors Limited (Registered number: 04568172)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014 10,545
Additions 2,887
At 31 January 2015 13,432
DEPRECIATION
At 1 February 2014 3,417
Charge for year 701
At 31 January 2015 4,118
NET BOOK VALUE
At 31 January 2015 9,314
At 31 January 2014 7,128

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.15 31.1.14
value: £    £   
1 Ordinary £1 1 1

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year ended 31 January 2015 the company owed the director £38,320. (2014 - £54,639). The advances
and credits made to the director were interest free and repayable on demand.