Abbreviated Company Accounts - SGM CARS LTD

Abbreviated Company Accounts - SGM CARS LTD

SGM CARS LTD - Company Information

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Registered Number SC384911

SGM CARS LTD

Abbreviated Accounts

31 October 2015

SGM CARS LTD Registered Number SC384911

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 40,000 40,000
Tangible assets 3 9,402 9,998
49,402 49,998
Current assets
Stocks 1,800 1,800
Debtors 9,950 9,960
Cash at bank and in hand 29,026 5,173
40,776 16,933
Creditors: amounts falling due within one year (87,798) (65,071)
Net current assets (liabilities) (47,022) (48,138)
Total assets less current liabilities 2,380 1,860
Total net assets (liabilities) 2,380 1,860
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,280 1,760
Shareholders' funds 2,380 1,860
  • For the year ending 31 October 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 24 February 2016

And signed on their behalf by:
A Soutter, Director
H Gibson, Director

SGM CARS LTD Registered Number SC384911

Notes to the Abbreviated Accounts for the period ended 31 October 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.

2Intangible fixed assets
£
Cost
At 1 November 2014 40,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2015 40,000
Amortisation
At 1 November 2014 -
Charge for the year -
On disposals -
At 31 October 2015 -
Net book values
At 31 October 2015 40,000
At 31 October 2014 40,000
3Tangible fixed assets
£
Cost
At 1 November 2014 16,250
Additions 1,100
Disposals -
Revaluations -
Transfers -
At 31 October 2015 17,350
Depreciation
At 1 November 2014 6,252
Charge for the year 1,696
On disposals -
At 31 October 2015 7,948
Net book values
At 31 October 2015 9,402
At 31 October 2014 9,998