Heath Garage Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07252609 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST MAY 2015

FOR

HEATH GARAGE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Flello

Mrs J Flello

SECRETARY:

Mrs J Flello

REGISTERED OFFICE:

37 Elton Way

Gnosall

Staffordshire

ST20 0EM

REGISTERED NUMBER:

07252609 (England and Wales)

FIXED ASSETS

Tangible assets

2

11,526

12,875

CURRENT ASSETS

Stocks

2,900

2,900

Debtors

2,698

86

Cash at bank

28,893

17,878

34,491

20,864

CREDITORS

Amounts falling due within one year

12,264

6,595

NET CURRENT ASSETS

22,227

14,269

TOTAL ASSETS LESS CURRENT LIABILITIES

33,753

27,144

PROVISIONS FOR LIABILITIES

2,221

2,483

NET ASSETS

31,532

24,661

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

31,432

24,561

SHAREHOLDERS' FUNDS

31,532

24,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 24th February 2016 and were signed on its behalf by:

J Flello - 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 etc

-

25% on reducing balance and 10% 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.

Hire purchase and leasing commitments

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2014

18,274

Additions

237

At 31st May 2015

18,511

DEPRECIATION

At 1st June 2014

5,399

Charge for year

1,586

At 31st May 2015

6,985

NET BOOK VALUE

At 31st May 2015

11,526

At 31st May 2014

12,875

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100