Tiverton Bodybuilders Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07730578 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

TIVERTON BODYBUILDERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Dawson

REGISTERED OFFICE:

Roundswell Industrial Estate

BARNSTAPLE

Devon

EX31 3NL

REGISTERED NUMBER:

07730578 (England and Wales)

ACCOUNTANTS:

Griffins

Chartered Accountants

Griffins Court

24-32 London Road

NEWBURY

Berkshire

RG14 1JX

FIXED ASSETS

Tangible assets

2

17,515

20,808

CURRENT ASSETS

Stocks

26,518

6,763

Debtors

8,543

47,952

Cash at bank

12,081

13,746

47,142

68,461

CREDITORS

Amounts falling due within one year

32,781

38,437

NET CURRENT ASSETS

14,361

30,024

TOTAL ASSETS LESS CURRENT LIABILITIES

31,876

50,832

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

31,776

50,732

SHAREHOLDERS' FUNDS

31,876

50,832

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 17 September 2015 and were signed by:

R Dawson - 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 etc

-

25% on reducing balance, 15% on cost and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

32,049

DEPRECIATION

At 1 April 2014

11,241

Charge for year

3,293

At 31 March 2015

14,534

NET BOOK VALUE

At 31 March 2015

17,515

At 31 March 2014

20,808

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/15

31/3/14

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE PARENT COMPANY

The company is under the control of its parent Western Truck Rental Limited which owns 100% of the issued share

capital.