Wrigglesworth Garage Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08662995 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Wrigglesworth Garage Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S G Wrigglesworth

SECRETARY:

REGISTERED OFFICE:

2 Clifton Moor Business Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

REGISTERED NUMBER:

08662995 (England and Wales)

ACCOUNTANTS:

Beckingtons

2 Clifton Moor Business

Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

FIXED ASSETS

Intangible assets

2

24,000

27,000

Tangible assets

3

10,107

5,190

34,107

32,190

CURRENT ASSETS

Stocks

3,290

875

Debtors

5,972

17,471

Cash at bank and in hand

10,176

22,828

19,438

41,174

CREDITORS

Amounts falling due within one year

42,160

63,385

NET CURRENT LIABILITIES

(22,722

)

(22,211

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,385

9,979

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

11,375

9,969

SHAREHOLDERS' FUNDS

11,385

9,979

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 1 December 2015 and were signed by:

S G Wrigglesworth - 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 2013, is being amortised evenly over its estimated useful life of ten years.

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 and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

30,000

AMORTISATION

At 1 September 2014

3,000

Amortisation for year

3,000

At 31 August 2015

6,000

NET BOOK VALUE

At 31 August 2015

24,000

At 31 August 2014

27,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

6,488

Additions

7,940

At 31 August 2015

14,428

DEPRECIATION

At 1 September 2014

1,298

Charge for year

3,023

At 31 August 2015

4,321

NET BOOK VALUE

At 31 August 2015

10,107

At 31 August 2014

5,190

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

10

Ordinary

£1

10

10