Harold Webb Motors Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 00420557

HAROLD WEBB MOTORS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P. Webb

SECRETARY:

Mrs L.C. Webb

REGISTERED OFFICE:

21 Lodge Lane

Grays

Essex

RM17 5RY

REGISTERED NUMBER:

00420557

ACCOUNTANTS:

Bland Baker

Chartered Accountants

21 Lodge Lane

Grays

Essex

RM17 5RY

FIXED ASSETS

Tangible assets

2

41,022

41,022

CURRENT ASSETS

Cash at bank

24,204

25,568

CREDITORS

Amounts falling due within one year

9,474

9,474

NET CURRENT ASSETS

14,730

16,094

TOTAL ASSETS LESS CURRENT LIABILITIES

55,752

57,116

CAPITAL AND RESERVES

Called up share capital

3

5,000

5,000

Profit and loss account

50,752

52,116

SHAREHOLDERS' FUNDS

55,752

57,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 25 September 2014 and were signed by:

P. Webb - 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 rents receivable.

Tangible fixed assets

Land and buildings - not provided.

No depreciation has been provided on the freehold property as the director considers, for the reasons

set out below, that such a charge would be immaterial. It is neither practicable nor relevant to quantify

the affects of this departure from the requirements of Financial Reporting Standard No. 15.

(a) The company requires its tenant to carry out regular maintenance and repair enabling the property

to retain its previously assessed standard of performance.

(b) The assets are unlikely to suffer technological or economic obsolescence due to a change in

demand for the company's services.

Impairment review

In the opinion of the director the site occupied by the property has a development value significantly

in excess of its carrying value and consequently no impairment has occurred under the provisions of

Financial Reporting Standard No. 15.

Land and buildings - separable cost

The director recognises that both the Companies Act and Financial Reporting Standard No. 15 require

land and buildings to be dealt with separately for accounting purposes.

The property was constructed many years ago and there are no remaining records of the separable

costs.

The cumulative effect of inflation since construction ensures that the historical cost of the building

now comprises a negligible part of the current carrying value not requiring separate disclosure.

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

At 1 April 2013

and 31 March 2014

41,022

NET BOOK VALUE

At 31 March 2014

41,022

At 31 March 2013

41,022

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

5,000

Ordinary

£1

5,000

5,000