Abbreviated Company Accounts - ICHTHUS MOTOR SERVICES LIMITED

ICHTHUS MOTOR SERVICES LIMITED - Company Information

02722611 ICHTHUS MOTOR SERVICES LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 02722611 2014-06-01 2015-05-31 02722611 2015-05-31 02722611 2014-05-31 02722611 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 02722611 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 02722611

ICHTHUS MOTOR SERVICES LIMITED

Abbreviated Accounts

31 May 2015

ICHTHUS MOTOR SERVICES LIMITED Registered Number 02722611

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	32,000	36,000
Tangible assets	3	1,975	2,984
		33,975	38,984
Current assets
Stocks		29,233	15,568
Debtors		4,489	3,433
Cash at bank and in hand		79,239	89,698
		112,961	108,699
Creditors: amounts falling due within one year		(67,937)	(69,078)
Net current assets (liabilities)		45,024	39,621
Total assets less current liabilities		78,999	78,605
Total net assets (liabilities)		78,999	78,605
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		78,997	78,603
Shareholders' funds		78,999	78,605

For the year ending 31 May 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 26 February 2016

And signed on their behalf by:
Dr L R Carne, Director

ICHTHUS MOTOR SERVICES LIMITED Registered Number 02722611

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Plant & machinery - 25% reducing balance
Office equipment - 25% reducing balance

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value
of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its
estimated economic life.

2Intangible fixed assets

	£
Cost
At 1 June 2014	80,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	80,000
Amortisation
At 1 June 2014	44,000
Charge for the year	4,000
On disposals	-
At 31 May 2015	48,000
Net book values
At 31 May 2015	32,000
At 31 May 2014	36,000

3Tangible fixed assets

	£
Cost
At 1 June 2014	37,967
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	37,967
Depreciation
At 1 June 2014	34,983
Charge for the year	1,009
On disposals	-
At 31 May 2015	35,992
Net book values
At 31 May 2015	1,975
At 31 May 2014	2,984

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2