Clutch and Service Centre Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05730013

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

CLUTCH AND SERVICE CENTRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M L Wilkins

SECRETARY:

A S Hirons

REGISTERED OFFICE:

Kings chambers

Queens Cross

High Street

Dudley

West Midlands

DY1 1QT

REGISTERED NUMBER:

05730013

ACCOUNTANTS:

Saxon & Co.

Kings Chambers

Queens Cross

High Street

Dudley

West Midlands

DY1 1QT

FIXED ASSETS

Intangible assets

2

1,500

3,000

Tangible assets

3

9,014

8,424

10,514

11,424

CURRENT ASSETS

Stocks

50

50

Debtors

400

500

Cash at bank and in hand

10,622

11,605

11,072

12,155

CREDITORS

Amounts falling due within one year

11,699

13,881

NET CURRENT LIABILITIES

(627

)

(1,726

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,887

9,698

PROVISIONS FOR LIABILITIES

1,663

1,513

NET ASSETS

8,224

8,185

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

8,223

8,184

SHAREHOLDERS' FUNDS

8,224

8,185

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 15 December 2015 and were signed by:

M L Wilkins - 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 2007, 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

Stocks

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

moving items.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

15,000

AMORTISATION

At 1 April 2014

12,000

Amortisation for year

1,500

At 31 March 2015

13,500

NET BOOK VALUE

At 31 March 2015

1,500

At 31 March 2014

3,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

33,266

Additions

3,595

At 31 March 2015

36,861

DEPRECIATION

At 1 April 2014

24,842

Charge for year

3,005

At 31 March 2015

27,847

NET BOOK VALUE

At 31 March 2015

9,014

At 31 March 2014

8,424

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2015 the company owes the director £nil (2014 - £nil).