Noble Tyres & Exhausts Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07273488 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

NOBLE TYRES & EXHAUSTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M P Noble

A R Noble

REGISTERED OFFICE:

Unit C1 Trade Park

Unit 3

Aberaman Industrial Estat

Aberdare

CF44 6DA

REGISTERED NUMBER:

07273488 (England and Wales)

ACCOUNTANTS:

Bucknell Whitehouse Limited

The Masters House

92a Arundel Street

Sheffield

South Yorkshire

S1 4RE

FIXED ASSETS

Tangible assets

2

22,404

27,845

CURRENT ASSETS

Stocks

10,000

15,500

Debtors

299

3,788

Cash at bank and in hand

14,545

4,679

24,844

23,967

CREDITORS

Amounts falling due within one year

51,110

51,227

NET CURRENT LIABILITIES

(26,266

)

(27,260

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,862

)

585

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(3,864

)

583

SHAREHOLDERS' FUNDS

(3,862

)

585

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 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 31 March 2016 and were signed on its behalf by:

A R Noble - Director

M P Noble - 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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 where transactions or events that result in an obligation

to pay more tax in the future or a right to pay less tax in the future have occurred at the

balance sheet date. Timing differences are differences between the company's taxable profit

and loss and its results as stated in the financial statements that arise from the inclusion of

gains and losses in assessments in periods different from those in which they are

recognised in the financial statements.

A net deferred tax asset is recognised only if can be regarding as more likely than not that

there will be suitable taxable profits from which the future reversal of the underlying timing

differences can be deducted.

Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

70,855

Additions

2,407

At 30 June 2015

73,262

DEPRECIATION

At 1 July 2014

43,010

Charge for year

7,848

At 30 June 2015

50,858

NET BOOK VALUE

At 30 June 2015

22,404

At 30 June 2014

27,845

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

2

Ordinary

£1

2

2