Abbreviated Company Accounts - SHINE MOTORS LIMITED

Abbreviated Company Accounts - SHINE MOTORS LIMITED

SHINE MOTORS LIMITED - Company Information

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Registered Number 06047222

SHINE MOTORS LIMITED

Abbreviated Accounts

31 January 2015

SHINE MOTORS LIMITED Registered Number 06047222

Abbreviated Balance Sheet as at 31 January 2015

Notes 2015 2014
£ £
Current assets
Stocks 82,637 76,823
Debtors - 484
Cash at bank and in hand 17,298 26,735
99,935 104,042
Creditors: amounts falling due within one year (129,554) (109,665)
Net current assets (liabilities) (29,619) (5,623)
Total assets less current liabilities (29,619) (5,623)
Creditors: amounts falling due after more than one year (250,000) (250,000)
Total net assets (liabilities) (279,619) (255,623)
Capital and reserves
Called up share capital 100 100
Profit and loss account (279,719) (255,723)
Shareholders' funds (279,619) (255,623)
  • For the year ending 31 January 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 30 October 2015

And signed on their behalf by:
M Ali, Director

SHINE MOTORS LIMITED Registered Number 06047222

Notes to the Abbreviated Accounts for the period ended 31 January 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.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% straight line
Fixtures, fittings and equipment - 20% straight line
Motor vehicles - 20% straight line

Valuation information and policy
Stock
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Going concern
The company had net deficiency of shareholders funds at the balance sheet date. The company was supported by the directors and creditors and accordingly the accounts are prepared on a going concern basis.