Abbreviated Company Accounts - CAR & KEYS NATIONWIDE LIMITED

Abbreviated Company Accounts - CAR & KEYS NATIONWIDE LIMITED

CAR & KEYS NATIONWIDE LIMITED - Company Information

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Registered Number 08668461

CAR & KEYS NATIONWIDE LIMITED

Abbreviated Accounts

31 August 2015

CAR & KEYS NATIONWIDE LIMITED Registered Number 08668461

Abbreviated Balance Sheet as at 31 August 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 262,629 262,629
Tangible assets 3 13,917 19,462
276,546 282,091
Current assets
Debtors 36,251 53,036
Cash at bank and in hand 10,113 7,752
46,364 60,788
Creditors: amounts falling due within one year (316,167) (341,605)
Net current assets (liabilities) (269,803) (280,817)
Total assets less current liabilities 6,743 1,274
Provisions for liabilities - (184)
Total net assets (liabilities) 6,743 1,090
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 6,643 990
Shareholders' funds 6,743 1,090
  • For the year ending 31 August 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 13 January 2016

And signed on their behalf by:
Mr L M Tasker, Director
Mr A McMurray, Director

CAR & KEYS NATIONWIDE LIMITED Registered Number 08668461

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of Measurement and preparation of accounts
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). The financial statements are prepared in accordance with applicable UK Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. The company's revenue is derived from it's principal activity of the provision of mobile locksmith services to motorists and the motoring insurance market. Revenue is recognised as turnover when the services have been performed.

Tangible assets depreciation policy
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:
Plant and machinery: 25% straight line
Fixtures, fittings and equipment: 33% straight line

Intangible assets amortisation policy
Acquired goodwill is written off in equal installments over its estimated useful economic life.

2Intangible fixed assets
£
Cost
At 1 September 2014 274,048
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2015 274,048
Amortisation
At 1 September 2014 11,419
Charge for the year -
On disposals -
At 31 August 2015 11,419
Net book values
At 31 August 2015 262,629
At 31 August 2014 262,629
3Tangible fixed assets
£
Cost
At 1 September 2014 21,636
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2015 21,636
Depreciation
At 1 September 2014 2,174
Charge for the year 5,545
On disposals -
At 31 August 2015 7,719
Net book values
At 31 August 2015 13,917
At 31 August 2014 19,462
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
100 Ordinary shares of £1 each 100 100