CASTELL CARS LIMITED Accounts filed on 31-07-2015
CASTELL CARS LIMITED Accounts filed on 31-07-2015
CASTELL CARS LIMITED
Company Registration Number:
04424884 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st August 2014
End date: 31st July 2015
SUBMITTED
CASTELL CARS LIMITED
Company Information
for the Period Ended
31st July 2015
| Director: |
|
|
| Registered office: |
|
|
|
|
||
|
|
||
|
|
||
| Company Registration Number: |
|
|
CASTELL CARS LIMITED
Abbreviated Balance sheet
As at 31st July 2015
| Notes | 2015 £ |
2014 £ |
|
|---|---|---|---|
| Fixed assets | |||
| Intangible assets: | 3 |
|
|
| Tangible assets: | 4 |
|
|
| Total fixed assets: |
|
|
|
| Current assets | |||
| Debtors: | 5 |
|
|
| Cash at bank and in hand: |
|
|
|
| Total current assets: |
|
|
|
| Creditors | |||
| Creditors: amounts falling due within one year | 6 |
|
|
| Net current assets (liabilities): | ( |
( |
|
| Total assets less current liabilities: |
|
|
|
| Total net assets (liabilities): |
|
|
The notes form part of these financial statements
CASTELL CARS LIMITED
Abbreviated Balance sheet
As at 31st July 2015
continued
| Notes | 2015 £ |
2014 £ |
|
|---|---|---|---|
| Capital and reserves | |||
| Called up share capital: | 7 |
|
|
| Profit and Loss account: |
|
|
|
| Total shareholders funds: |
|
|
The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: A A Ismail
Status: Director
The notes form part of these financial statements
CASTELL CARS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st July 2015
-
1. Accounting policies
Basis of measurement and preparation of accounts
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 policy
the turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. Tangible fixed assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Equipment - 20% on reducing balance Intangible fixed assets amortisation policy
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its estimated useful life up to a maximum of 20 years. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that the carrying value may not be recoverable.
CASTELL CARS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st July 2015
-
3. Intangible assets
Total Cost £ At 01st August 2014: 75,000 75,000 Net book value £ At 31st July 2015: 75,000 At 31st July 2014: 75,000
CASTELL CARS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st July 2015
-
4. Tangible assets
Total Cost £ At 01st August 2014: 110,054 Additions: 7,043 At 31st July 2015: 117,097 Depreciation At 01st August 2014: 52,356 Charge for year: 12,948 At 31st July 2015: 65,304 Net book value At 31st July 2015: 51,793 At 31st July 2014: 57,698
CASTELL CARS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st July 2015
-
5. Debtors
2015
£2014
£Trade debtors: 13,649 14,262 Other debtors: - 3,977 Total: 13,649 18,239
CASTELL CARS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st July 2015
-
6. Creditors: amounts falling due within one year
2015
£2014
£Trade creditors: 23,718 21,446 Taxation and social security: 32,620 24,997 Other creditors: 125,466 139,895 Total: 181,804 186,338