BLACKSMITH_LANE_CAR_SALES - Accounts

BLACKSMITH LANE CAR SALES LTD - Company Information

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Company Registration No. 04906232 (England and Wales)

BLACKSMITH LANE CAR SALES LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

BLACKSMITH LANE CAR SALES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BLACKSMITH LANE CAR SALES LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

12,686

6,167

Current assets

Stocks

167,995

268,460

Debtors

322

297

Cash at bank and in hand

166,012

95,277

334,329

364,034

Creditors: amounts falling due within one year

(149,329)

(243,231)

Net current assets

185,000

120,803

Total assets less current liabilities

197,686

126,970

Provisions for liabilities

(1,587)

(1,230)

196,099

125,740

Capital and reserves

Called up share capital

Profit and loss account

196,098

125,739

Shareholders' funds

196,099

125,740

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 February 2016

Mr John Dixon

Director

Company Registration No. 04906232

BLACKSMITH LANE CAR SALES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

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

Land and buildings Leasehold

5% Straight Line

Plant and machinery

15% Reducing Balance

Computer equipment

33% Straight Line

Fixtures, fittings & equipment

15% Reducing Balance/10% Straight Line

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 October 2014

10,639

Additions

7,806

At 30 September 2015

18,445

Depreciation

At 1 October 2014

4,474

Charge for the year

1,285

At 30 September 2015

5,759

Net book value

At 30 September 2015

12,686

At 30 September 2014

6,167

BLACKSMITH LANE CAR SALES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary shares of £1 each