Grantham Autocare Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08957427 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2015

for

Grantham Autocare Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Kershaw

R Tinkler

REGISTERED OFFICE:

1st Floor

28 Market Place

Grantham

Lincolnshire

NG31 6LR

REGISTERED NUMBER:

08957427 (England and Wales)

ACCOUNTANTS:

Hood Parkes & Co

1st Floor

28 Market Place

Grantham

Lincolnshire

NG31 6LR

FIXED ASSETS

Intangible assets

2

58,127

Tangible assets

3

10,720

68,847

CURRENT ASSETS

Stocks

4,000

Debtors

21,942

Cash at bank

7,599

33,541

CREDITORS

Amounts falling due within one year

101,488

NET CURRENT LIABILITIES

(67,947

)

TOTAL ASSETS LESS CURRENT LIABILITIES

900

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

800

SHAREHOLDERS' FUNDS

900

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 19th October 2015 and were signed on its behalf by:

R Tinkler - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

64,586

At 31st March 2015

64,586

AMORTISATION

Amortisation for year

6,459

At 31st March 2015

6,459

NET BOOK VALUE

At 31st March 2015

58,127

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

13,400

At 31st March 2015

13,400

DEPRECIATION

Charge for year

2,680

At 31st March 2015

2,680

NET BOOK VALUE

At 31st March 2015

10,720

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1.00

100