Ormskirk Motors Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07676471 (England and Wales)

ORMSKIRK MOTORS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G P Dean

REGISTERED OFFICE:

The Coach House

47 Knowsley Road

Ormskirk

Lancashire

L39 4RB

REGISTERED NUMBER:

07676471 (England and Wales)

ACCOUNTANTS:

SCCA Ltd T/a Stafford & Co

Chartered Accountants

2nd Floor, Nelson Mill

Gaskell Street

Bolton

Lancashire

BL1 2QE

FIXED ASSETS

Tangible assets

2

1,263

1,829

CURRENT ASSETS

Stocks

46,635

48,000

Debtors

75,866

106,380

Cash at bank

46,172

33,013

168,673

187,393

CREDITORS

Amounts falling due within one year

123,110

154,581

NET CURRENT ASSETS

45,563

32,812

TOTAL ASSETS LESS CURRENT LIABILITIES

46,826

34,641

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

46,726

34,541

SHAREHOLDERS' FUNDS

46,826

34,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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 31 March 2016 and were signed by:

G P Dean - 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.

Plant and machinery etc

-

15% on cost

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 1 July 2014

and 30 June 2015

3,324

DEPRECIATION

At 1 July 2014

1,495

Charge for year

566

At 30 June 2015

2,061

NET BOOK VALUE

At 30 June 2015

1,263

At 30 June 2014

1,829

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary A

1

100

100