Company Registration No. 01100346 (England and Wales)
SAFARI SERVICE STATION LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2015
SAFARI SERVICE STATION LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SAFARI SERVICE STATION LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
7,511
8,985
Current assets
Stocks
927,132
828,028
Debtors
26,256
71,765
Cash at bank and in hand
194,385
-
1,147,773
899,793
Creditors: amounts falling due within one year
(357,199)
(367,330)
Net current assets
790,574
532,463
Total assets less current liabilities
798,085
541,448
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
798,081
541,444
Shareholders' funds
798,085
541,448
For the financial period ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 December 2015
I. Beaton, Esq.
Director
Company Registration No. 01100346
SAFARI SERVICE STATION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and United Kingdom Generally Accepted Accounting Practice for Smaller Entities.
1.2
Turnover
Turnover represents amounts receivable for selling and repairing of motor vehicles net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Improvements to premises
10% p.a. on a straight line basis
Fixtures, fittings & equipment
10% p.a. on a straight line basis
2
Fixed assets
Tangible assets
£
Cost
At 6 April 2014
90,716
Additions
1,075
At 31 March 2015
91,791
Depreciation
At 6 April 2014
81,731
Charge for the period
2,549
At 31 March 2015
84,280
Net book value
At 31 March 2015
7,511
At 5 April 2014
8,985
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4 Ordinary shares of £1 each
4
4
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