Abbreviated Company Accounts - JOHN TOOVEY ROAD AND RACE LIMITED

JOHN TOOVEY ROAD AND RACE LIMITED - Company Information

05753552 JOHN TOOVEY ROAD AND RACE LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05753552 2014-04-01 2015-03-31 05753552 2015-03-31 05753552 2014-03-31 05753552 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05753552 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 05753552

JOHN TOOVEY ROAD AND RACE LIMITED

Abbreviated Accounts

31 March 2015

JOHN TOOVEY ROAD AND RACE LIMITED Registered Number 05753552

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,391	4,879
		4,391	4,879
Current assets
Stocks		9,241	3,500
Debtors		1,860	-
Cash at bank and in hand		18,276	26,487
		29,377	29,987
Creditors: amounts falling due within one year		(25,805)	(28,061)
Net current assets (liabilities)		3,572	1,926
Total assets less current liabilities		7,963	6,805
Creditors: amounts falling due after more than one year		-	(327)
Total net assets (liabilities)		7,963	6,478
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		7,959	6,474
Shareholders' funds		7,963	6,478

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 11 November 2015

And signed on their behalf by:
C Toovey, Director

JOHN TOOVEY ROAD AND RACE LIMITED Registered Number 05753552

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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 10% reducing balance

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

2Tangible fixed assets

	£
Cost
At 1 April 2014	10,493
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	10,493
Depreciation
At 1 April 2014	5,614
Charge for the year	488
On disposals	-
At 31 March 2015	6,102
Net book values
At 31 March 2015	4,391
At 31 March 2014	4,879

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
4 Ordinary shares of £1 each	4	4