Abbreviated Company Accounts - COLLINGTREE MINIBUS & EXECUTIVE HIRE LTD.

COLLINGTREE MINIBUS & EXECUTIVE HIRE LTD. - Company Information

03528620 COLLINGTREE MINIBUS & EXECUTIVE HIRE LTD. 2015-07-31 false 2014-08-01 2015-07-31 true 03528620 2014-08-01 2015-07-31 03528620 2015-07-31 03528620 2014-07-31 03528620 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 03528620 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-31 iso4217:GBP shares

Registered Number 03528620

COLLINGTREE MINIBUS & EXECUTIVE HIRE LTD.

Abbreviated Accounts

31 July 2015

COLLINGTREE MINIBUS & EXECUTIVE HIRE LTD. Registered Number 03528620

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	412,164	337,857
		412,164	337,857
Current assets
Debtors		58,924	24,559
Cash at bank and in hand		17,899	-
		76,823	24,559
Creditors: amounts falling due within one year		(117,333)	(85,862)
Net current assets (liabilities)		(40,510)	(61,303)
Total assets less current liabilities		371,654	276,554
Creditors: amounts falling due after more than one year		(156,854)	(118,668)
Provisions for liabilities		(30,000)	(30,000)
Total net assets (liabilities)		184,800	127,886
Capital and reserves
Called up share capital	3	1,418	1,418
Share premium account		34,650	34,650
Profit and loss account		148,732	91,818
Shareholders' funds		184,800	127,886

For the year ending 31 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 October 2015

And signed on their behalf by:
C M STEVENSON, Director

COLLINGTREE MINIBUS & EXECUTIVE HIRE LTD. Registered Number 03528620

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the value of sales excluding VAT.

Tangible assets depreciation policy
Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets by annual instalments over their expected useful lives.

The rates generally applicable are:

Buses : 25% per annum straight line
Motor vehicles : 25% per annum straight line
Computer equipment : 15% per annum reducing balance

Other accounting policies
Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. The company has not adopted a policy of discounting deferred tax assets and liabilities.

2Tangible fixed assets

	£
Cost
At 1 August 2014	473,296
Additions	145,000
Disposals	(96,000)
Revaluations	-
Transfers	-
At 31 July 2015	522,296
Depreciation
At 1 August 2014	135,439
Charge for the year	37,693
On disposals	(63,000)
At 31 July 2015	110,132
Net book values
At 31 July 2015	412,164
At 31 July 2014	337,857

Included in the net book amount of buses is £302,500 (2014 – £262,500) in respect of assets held under finance contracts.

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000
418 B Ordinary shares of £1 each	418	418