Abbreviated Company Accounts - KELVEDON MOTOR COMPANY LIMITED

KELVEDON MOTOR COMPANY LIMITED - Company Information

05049264 KELVEDON MOTOR COMPANY LIMITED 2015-03-30 false 2014-03-31 2015-03-30 true 05049264 2014-03-31 2015-03-30 05049264 2015-03-30 05049264 2014-03-30 05049264 uk-gaap-cd-bus:Director1 2014-03-31 2015-03-30 05049264 uk-gaap-cd-bus:Director2 2014-03-31 2015-03-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 2015-03-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-30 iso4217:GBP shares

Registered Number 05049264

KELVEDON MOTOR COMPANY LIMITED

Abbreviated Accounts

30 March 2015

KELVEDON MOTOR COMPANY LIMITED Registered Number 05049264

Abbreviated Balance Sheet as at 30 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	18,610	14,344
		18,610	14,344
Current assets
Stocks		992,875	711,457
Debtors		22,695	47,715
Cash at bank and in hand		61,232	50,884
		1,076,802	810,056
Creditors: amounts falling due within one year		(659,247)	(415,622)
Net current assets (liabilities)		417,555	394,434
Total assets less current liabilities		436,165	408,778
Creditors: amounts falling due after more than one year		-	(62,110)
Total net assets (liabilities)		436,165	346,668
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		436,164	346,667
Shareholders' funds		436,165	346,668

For the year ending 30 March 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 21 April 2016

And signed on their behalf by:
Simon Holding, Director

KELVEDON MOTOR COMPANY LIMITED Registered Number 05049264

Notes to the Abbreviated Accounts for the period ended 30 March 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 amounts receivable for goods and services net of VAT and trade discounts.

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

Plant and machinery 15% per annum on a reducing balance basis
Motor vehicles 25% per annum on a reducing balance basis

Intangible assets amortisation policy
Acquired goodwill is written off in equal instalments over iys estimated useful life.

2Tangible fixed assets

	£
Cost
At 31 March 2014	32,009
Additions	7,550
Disposals	-
Revaluations	-
Transfers	-
At 30 March 2015	39,559
Depreciation
At 31 March 2014	17,665
Charge for the year	3,284
On disposals	-
At 30 March 2015	20,949
Net book values
At 30 March 2015	18,610
At 30 March 2014	14,344

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1