Abbreviated Company Accounts - COLEBROOK CAR SERVICE CENTRE AND TRANSPORTERS LIMITED

Abbreviated Company Accounts - COLEBROOK CAR SERVICE CENTRE AND TRANSPORTERS LIMITED

COLEBROOK CAR SERVICE CENTRE AND TRANSPORTERS LIMITED - Company Information

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Registered Number 08627226

COLEBROOK CAR SERVICE CENTRE AND TRANSPORTERS LIMITED

Abbreviated Accounts

31 July 2015

COLEBROOK CAR SERVICE CENTRE AND TRANSPORTERS LIMITED Registered Number 08627226

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 6,540 8,720
Tangible assets 3 16,669 7,387
23,209 16,107
Current assets
Stocks 37,069 500
Debtors 46,336 3,706
Cash at bank and in hand 1,604 -
85,009 4,206
Prepayments and accrued income 6,724 -
Creditors: amounts falling due within one year (83,280) (27,193)
Net current assets (liabilities) 8,453 (22,987)
Total assets less current liabilities 31,662 (6,880)
Accruals and deferred income (1,684) (1,242)
Total net assets (liabilities) 29,978 (8,122)
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 29,977 (8,123)
Shareholders' funds 29,978 (8,122)
  • For the year ending 31 July 2015 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 7 April 2016

And signed on their behalf by:
Rob Wanless, Director

COLEBROOK CAR SERVICE CENTRE AND TRANSPORTERS LIMITED Registered Number 08627226

Notes to the Abbreviated Accounts for the period ended 31 July 2015

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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 25% reducing balance
Fixtures and equipment - 33.3% straight line
Motor vehicles - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years.

Other accounting policies
Stock and work in progress are valued at the lower of cost and net realisable value

2Intangible fixed assets
£
Cost
At 1 August 2014 10,900
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2015 10,900
Amortisation
At 1 August 2014 2,180
Charge for the year 2,180
On disposals -
At 31 July 2015 4,360
Net book values
At 31 July 2015 6,540
At 31 July 2014 8,720
3Tangible fixed assets
£
Cost
At 1 August 2014 9,893
Additions 16,141
Disposals (1,465)
Revaluations -
Transfers -
At 31 July 2015 24,569
Depreciation
At 1 August 2014 2,506
Charge for the year 5,687
On disposals (293)
At 31 July 2015 7,900
Net book values
At 31 July 2015 16,669
At 31 July 2014 7,387
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
1 Ordinary shares of £1 each 1 1

5Transactions with directors

Name of director receiving advance or credit: Rob Wanless
Description of the transaction: Loan Account
Balance at 1 August 2014: £ 2,965
Advances or credits made: £ 510,774
Advances or credits repaid: £ 481,425
Balance at 31 July 2015: £ 32,314