East Bristol Auctions Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07940923 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

East Bristol Auctions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr E McPherson

Ms S Homes

REGISTERED OFFICE:

1 Hanham Business Park

Memorial Road

Hanham

Bristol

BS15 3JE

REGISTERED NUMBER:

07940923 (England and Wales)

ACCOUNTANTS:

Norton Tax Shops Limited

3 & 5 Station Road

Keynsham

Bristol

BS31 2BH

FIXED ASSETS

Tangible assets

2

12,300

14,791

CURRENT ASSETS

Debtors

20,249

12,014

Cash at bank

65,762

43,901

86,011

55,915

CREDITORS

Amounts falling due within one year

96,326

62,645

NET CURRENT LIABILITIES

(10,315

)

(6,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,985

8,061

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,885

7,961

SHAREHOLDERS' FUNDS

1,985

8,061

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 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 18 September 2015 and were signed on its behalf by:

Mr E McPherson - 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.

Short leasehold

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

27,074

Additions

2,537

At 31 March 2015

29,611

DEPRECIATION

At 1 April 2014

12,283

Charge for year

5,028

At 31 March 2015

17,311

NET BOOK VALUE

At 31 March 2015

12,300

At 31 March 2014

14,791

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