Technicar (Derby) Limited - Limited company - abbreviated - 11.9

Technicar (Derby) Limited - Limited company - abbreviated - 11.9

TECHNICAR (DERBY) LIMITED - Company Information

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REGISTERED NUMBER: 04884772 (England and Wales)



















Abbreviated Accounts

for the Year Ended 30 September 2015

for

Technicar (Derby) Limited

Technicar (Derby) Limited (Registered number: 04884772)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Technicar (Derby) Limited

Company Information
for the Year Ended 30 September 2015







DIRECTORS: F A Harman
C D Tilley





SECRETARY: C D Tilley





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 04884772 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ
Page 1
Technicar (Derby) Limited (Registered number: 04884772)

Abbreviated Balance Sheet
30 September 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 10,000 11,250
Tangible assets 3 25,682 30,322
35,682 41,572

CURRENT ASSETS
Stocks 30,915 29,875
Debtors 37,235 40,348
Cash at bank and in hand 64,444 37,462
132,594 107,685
CREDITORS
Amounts falling due within one year 4 42,179 36,999
NET CURRENT ASSETS 90,415 70,686
TOTAL ASSETS LESS CURRENT
LIABILITIES
126,097
112,258

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 125,997 112,158
SHAREHOLDERS' FUNDS 126,097 112,258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 20 January 2016 and were signed on its
behalf by:





F A Harman - Director


The notes form part of these abbreviated accounts

Page 2
Technicar (Derby) Limited (Registered number: 04884772)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2015

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 the net invoiced value of goods and services, excluding value added tax. In the
case of work in progress it includes relevant costs and overheads plus attributable profit to date on
uninvoiced work.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 material timing differences.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

Page 3 continued...
Technicar (Derby) Limited (Registered number: 04884772)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014
and 30 September 2015 25,000
AMORTISATION
At 1 October 2014 13,750
Amortisation for year 1,250
At 30 September 2015 15,000
NET BOOK VALUE

At 30 September 2015 10,000
At 30 September 2014 11,250

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 71,660
Additions 557
At 30 September 2015 72,217
DEPRECIATION
At 1 October 2014 41,338
Charge for year 5,197
At 30 September 2015 46,535
NET BOOK VALUE
At 30 September 2015 25,682
At 30 September 2014 30,322

4. CREDITORS

Creditors include an amount of £ 0 (2014 - £ 1,667 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year £2.860 was advanced to a director, the balance is repayable on demand. Interest of
£518 was paid to the company during the year.

Page 4