Fricker Automotive Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05188303 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 July 2015

for

FRICKER AUTOMOTIVE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P Fricker

Ms T F Russell

SECRETARY:

Ms T F Russell

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

05188303 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

2

5,441

6,801

CURRENT ASSETS

Debtors

66,976

56,645

Cash at bank

120,279

117,433

187,255

174,078

CREDITORS

Amounts falling due within one year

141,886

150,246

NET CURRENT ASSETS

45,369

23,832

TOTAL ASSETS LESS CURRENT LIABILITIES

50,810

30,633

PROVISIONS FOR LIABILITIES

758

758

NET ASSETS

50,052

29,875

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

49,952

29,775

SHAREHOLDERS' FUNDS

50,052

29,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 3 March 2016 and were signed on its behalf by:

Mr P Fricker - 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Workshop improvements

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which

they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

33,526

DEPRECIATION

At 1 August 2014

26,725

Charge for year

1,360

At 31 July 2015

28,085

NET BOOK VALUE

At 31 July 2015

5,441

At 31 July 2014

6,801

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

95

Ordinary A

£1

95

95

5

Ordinary B

£1

5

5

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the directors £120,564 (2014: £128,227). This

was an interest free loan to the company and is included in other creditors.

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2014 - £38,200) were paid to the directors .

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Fricker.