Ashton Quality Cars Limited - Limited company - abbreviated

REGISTERED NUMBER: 04138028 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2013

FOR

ASHTON QUALITY CARS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N S Worrall

REGISTERED OFFICE:

Albion House

163 - 167 King Street

Dukinfield

Cheshire

SK16 4LF

REGISTERED NUMBER:

04138028 (England and Wales)

ACCOUNTANTS:

Fletchers Chartered Accountants

Albion Hse 163 - 167 King St

Dukinfield

Cheshire

SK16 4LF

FIXED ASSETS

Tangible assets

2

3,411

4,263

CURRENT ASSETS

Stocks

222,660

252,094

Debtors

5,000

4,973

Cash in hand

107

227,767

257,174

CREDITORS

Amounts falling due within one year

186,678

221,987

NET CURRENT ASSETS

41,089

35,187

TOTAL ASSETS LESS CURRENT
LIABILITIES

44,500

39,450

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

44,490

39,440

SHAREHOLDERS' FUNDS

44,500

39,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 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 12th September 2014 and were signed
by:

N S Worrall - 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 goods, 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.

Fixtures and fittings

-

20% on reducing balance

Equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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 1st January 2013

and 31st December 2013

21,229

DEPRECIATION

At 1st January 2013

16,966

Charge for year

852

At 31st December 2013

17,818

NET BOOK VALUE

At 31st December 2013

3,411

At 31st December 2012

4,263

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

10

Ordinary

1

10

Ashton Quality Cars Limited - Limited company - abbreviated - 11.0.0

Ashton Quality Cars Limited - Limited company - abbreviated - 11.0.0