Abbreviated Company Accounts - USHER MOTORS LIMITED

USHER MOTORS LIMITED - Company Information

04302659 USHER MOTORS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 04302659 2013-04-01 2014-03-31 04302659 2014-03-31 04302659 2013-03-31 04302659 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 04302659 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-31 iso4217:GBP shares

Registered Number 04302659

USHER MOTORS LIMITED

Abbreviated Accounts

31 March 2014

USHER MOTORS LIMITED Registered Number 04302659

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	3,445	3,876
Tangible assets	3	9,355	10,501
		12,800	14,377
Current assets
Stocks		20,320	18,810
Debtors		3,486	3,741
Cash at bank and in hand		-	593
		23,806	23,144
Creditors: amounts falling due within one year		(40,440)	(34,059)
Net current assets (liabilities)		(16,634)	(10,915)
Total assets less current liabilities		(3,834)	3,462
Provisions for liabilities		(920)	(941)
Total net assets (liabilities)		(4,754)	2,521
Capital and reserves
Called up share capital	4	3	3
Profit and loss account		(4,757)	2,518
Shareholders' funds		(4,754)	2,521

For the year ending 31 March 2014 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 17 September 2014

And signed on their behalf by:
Mr P Usher, Director

USHER MOTORS LIMITED Registered Number 04302659

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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.

Tangible assets depreciation policy
Improvements to Property - 10% on reducing balance
Plant & Machinery - 20% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on reducing balance

2Intangible fixed assets

	£
Cost
At 1 April 2013	8,617
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	8,617
Amortisation
At 1 April 2013	4,741
Charge for the year	431
On disposals	-
At 31 March 2014	5,172
Net book values
At 31 March 2014	3,445
At 31 March 2013	3,876

3Tangible fixed assets

	£
Cost
At 1 April 2013	48,010
Additions	1,024
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	49,034
Depreciation
At 1 April 2013	37,509
Charge for the year	2,170
On disposals	-
At 31 March 2014	39,679
Net book values
At 31 March 2014	9,355
At 31 March 2013	10,501

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2
1 B Ordinary shares of £1 each	1	1