Ultimate 4X4 Specialists Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06517062 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Ultimate 4X4 Specialists Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T Fones

SECRETARY:

T Fones

REGISTERED OFFICE:

Unit C

Chappel Street

Netherton

Dudley

West Midlands

DY2 9PN

REGISTERED NUMBER:

06517062 (England and Wales)

ACCOUNTANTS:

S R Higgs

Accountant

101 Dixons Green Road

Dudley

West Midlands

DY2 7DJ

FIXED ASSETS

Tangible assets

2

16,984

13,645

CURRENT ASSETS

Cash at bank and in hand

32,024

31,251

CREDITORS

Amounts falling due within one year

44,658

39,226

NET CURRENT LIABILITIES

(12,634

)

(7,975

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,350

5,670

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

4,250

5,570

SHAREHOLDERS' FUNDS

4,350

5,670

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 13 November 2015 and were signed by:

T Fones - 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.

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

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

25,929

Additions

8,170

Disposals

(5,080

)

At 31 March 2015

29,019

DEPRECIATION

At 1 April 2014

12,284

Charge for year

3,661

Eliminated on disposal

(3,910

)

At 31 March 2015

12,035

NET BOOK VALUE

At 31 March 2015

16,984

At 31 March 2014

13,645

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the financial year dividends of £40,500 (net) were paid to the director of the company.