Ray Winfield Car Sales Limited - Limited company - abbreviated - 11.9
Ray Winfield Car Sales Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 June 2015 |
| for |
| Ray Winfield Car Sales Limited |
| Ray Winfield Car Sales Limited (Registered number: 01012676) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Ray Winfield Car Sales Limited |
| Company Information |
| for the Year Ended 30 June 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Ray Winfield Car Sales Limited (Registered number: 01012676) |
| Abbreviated Balance Sheet |
| 30 June 2015 |
| 30.6.15 | 30.6.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Ray Winfield Car Sales Limited (Registered number: 01012676) |
| Abbreviated Balance Sheet - continued |
| 30 June 2015 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Ray Winfield Car Sales Limited (Registered number: 01012676) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets 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. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment property |
| In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the |
| company's properties are held for long term investment and are included in the balance sheet at their |
| open market values. The surplus or deficit on annual revaluation of such properties is transferred to |
| the investment property revaluation reserve. |
| Depreciation is not provided in respect of freehold investment properties. Leasehold investment |
| properties are not amortised. This represents a departure from the Financial Reporting Standard for |
| Smaller Entities, which requires depreciation to be provided on all fixed assets. The directors consider |
| that this policy is necessary in order that the Financial Statements may give a true and fair view |
| because current values and changes in values are of prime importance rather than the calculation of |
| systematic annual depreciation. Depreciation is only one of many factors reflected in the annual |
| valuation and the amount, which might otherwise have been shown, cannot be separately identified or |
| quantified. |
| 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 is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
| over the period of the lease. |
| Ray Winfield Car Sales Limited (Registered number: 01012676) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| and 30 June 2015 |
| DEPRECIATION |
| At 1 July 2014 |
| Charge for year |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 July 2014 |
| Revaluations | ( |
) |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.15 | 30.6.14 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Included in other creditors is an amount of £114,855 (2014 £130,910) due to the directors. This loan is |
| interest free and repayable on demand. |
| 6. | ULTIMATE CONTROLLING PARTY |
| The controlling party is |
| The ultimate controlling party is |