OK Fleet Disposals Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08792861 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2014

FOR

OK FLEET DISPOSALS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

L Oliver

REGISTERED OFFICE:

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

South Yorkshire

S75 3SP

REGISTERED NUMBER:

08792861 (England and Wales)

ACCOUNTANTS:

Reed Smith Associates Limited

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

South Yorkshire

S75 3SP

BANKERS:

Lloyds Bank plc

50 Cheapside

Barnsley

South Yorkshire

S70 1RU

FIXED ASSETS

Tangible assets

2

7,073

CURRENT ASSETS

Stocks

156,899

Debtors

77,824

Cash at bank

25,046

259,769

CREDITORS

Amounts falling due within one year

206,760

NET CURRENT ASSETS

53,009

TOTAL ASSETS LESS CURRENT LIABILITIES

60,082

PROVISIONS FOR LIABILITIES

1,414

NET ASSETS

58,668

CAPITAL AND RESERVES

Called up share capital

3

3

Profit and loss account

58,665

SHAREHOLDERS' FUNDS

58,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 February 2016 and were signed by:

L Oliver - 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.

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

-

20% on cost

Fixtures and fittings

-

20% 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 timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

8,841

At 30 November 2014

8,841

DEPRECIATION

Charge for year

1,768

At 30 November 2014

1,768

NET BOOK VALUE

At 30 November 2014

7,073

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

3

Ordinary

£1

3

3 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.