Washbourne (Garage) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 00548443 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

Washbourne (Garage) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs S M Washbourne

R J Washbourne

T F Washbourne

SECRETARY:

T F Washbourne

REGISTERED OFFICE:

Cross Garage

Caldicot

Monmouthshire

NP6 4XB

REGISTERED NUMBER:

00548443 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

Park Chambers

10 Hereford Road

Abergavenny

Monmouthshire

NP7 5PR

FIXED ASSETS

Tangible assets

2

220,811

225,873

Investments

3

339,002

339,002

559,813

564,875

CURRENT ASSETS

Debtors

626,827

637,346

Cash at bank

879

10,694

627,706

648,040

CREDITORS

Amounts falling due within one year

4

22,097

4,967

NET CURRENT ASSETS

605,609

643,073

TOTAL ASSETS LESS CURRENT LIABILITIES

1,165,422

1,207,948

CREDITORS

Amounts falling due after more than one year

4

281,250

300,000

NET ASSETS

884,172

907,948

CAPITAL AND RESERVES

Called up share capital

5

3,608

3,608

Revaluation reserve

157,474

160,755

Capital redemption reserve

1,406

1,406

Profit and loss account

721,684

742,179

SHAREHOLDERS' FUNDS

884,172

907,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 26 January 2016 and were signed on its behalf by:

T F Washbourne - 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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

442,445

DEPRECIATION

At 1 May 2014

216,572

Charge for year

5,062

At 30 April 2015

221,634

NET BOOK VALUE

At 30 April 2015

220,811

At 30 April 2014

225,873

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 May 2014

and 30 April 2015

339,002

NET BOOK VALUE

At 30 April 2015

339,002

At 30 April 2014

339,002

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Washbourne Limited

Nature of business: Hardware and motor fuel retailer.

%

Class of shares:

holding

Ordinary

100.00

30.4.15

30.4.14

£

£

Aggregate capital and reserves

(723,411

)

(637,677

)

Loss for the year

(85,734

)

(36,379

)

4.

CREDITORS

Creditors include an amount of £ 300,000 (30.4.14 - £ 300,000 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.4.15

30.4.14

£

£

Repayable by instalments

131,250

168,750

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

3,600

Ordinary

£1

3,600

3,600

4

A Ordinary

£1

4

4

2

B Ordinary

£1

2

2

1

C Ordinary

£1

1

1

1

D Ordinary

£1

1

1

3,608

3,608