Abbreviated Company Accounts - PERFECTION CAR RESPRAY'S LTD

Abbreviated Company Accounts - PERFECTION CAR RESPRAY'S LTD

PERFECTION CAR RESPRAY'S LTD - Company Information

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Registered Number 07971126

PERFECTION CAR RESPRAY'S LTD

Abbreviated Accounts

31 March 2015

PERFECTION CAR RESPRAY'S LTD Registered Number 07971126

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 10,414 9,144
10,414 9,144
Current assets
Stocks 495 245
Debtors 1,558 940
Cash at bank and in hand 3,047 7,106
5,100 8,291
Creditors: amounts falling due within one year (14,812) (16,860)
Net current assets (liabilities) (9,712) (8,569)
Total assets less current liabilities 702 575
Total net assets (liabilities) 702 575
Capital and reserves
Called up share capital 1 1
Profit and loss account 701 574
Shareholders' funds 702 575
  • For the year ending 31 March 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 18 November 2015

And signed on their behalf by:
D M Purcell, Director

PERFECTION CAR RESPRAY'S LTD Registered Number 07971126

Notes to the Abbreviated Accounts for the period ended 31 March 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

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:

Fixtures, fittings and equipment - 10% straight line

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

2Tangible fixed assets
£
Cost
At 1 April 2014 11,053
Additions 2,639
Disposals -
Revaluations -
Transfers -
At 31 March 2015 13,692
Depreciation
At 1 April 2014 1,909
Charge for the year 1,369
On disposals -
At 31 March 2015 3,278
Net book values
At 31 March 2015 10,414
At 31 March 2014 9,144