Abbreviated Company Accounts - PRIME CAR RENTALS LTD

Abbreviated Company Accounts - PRIME CAR RENTALS LTD

PRIME CAR RENTALS LTD - Company Information

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Registered Number 08631805

PRIME CAR RENTALS LTD

Abbreviated Accounts

31 July 2015

PRIME CAR RENTALS LTD Registered Number 08631805

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 36,774 1,574
36,774 1,574
Current assets
Debtors 14,545 2,015
Cash at bank and in hand 3,530 214
18,075 2,229
Creditors: amounts falling due within one year (54,368) (7,689)
Net current assets (liabilities) (36,293) (5,460)
Total assets less current liabilities 481 (3,886)
Total net assets (liabilities) 481 (3,886)
Capital and reserves
Called up share capital 1 1
Profit and loss account 480 (3,887)
Shareholders' funds 481 (3,886)
  • For the year ending 31 July 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 31 January 2016

And signed on their behalf by:
MR HAQUE NAWAZ, Director

PRIME CAR RENTALS LTD Registered Number 08631805

Notes to the Abbreviated Accounts for the period ended 31 July 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 represents the amount invoiced in respect of goods and services provided in the period under review.

Tangible assets depreciation policy
Depreciation is provided at the economic life of assets.

2Tangible fixed assets
£
Cost
At 1 August 2014 2,100
Additions 41,850
Disposals -
Revaluations -
Transfers -
At 31 July 2015 43,950
Depreciation
At 1 August 2014 526
Charge for the year 6,650
On disposals -
At 31 July 2015 7,176
Net book values
At 31 July 2015 36,774
At 31 July 2014 1,574