Abbreviated Company Accounts - ELITE CARS ( WALES ) LIMITED

Abbreviated Company Accounts - ELITE CARS ( WALES ) LIMITED

ELITE CARS ( WALES ) LIMITED - Company Information

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Registered Number 08608414

ELITE CARS ( WALES ) LIMITED

Abbreviated Accounts

31 July 2015

ELITE CARS ( WALES ) LIMITED Registered Number 08608414

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 10,071 12,408
10,071 12,408
Current assets
Stocks 127,500 98,000
Debtors 16,561 -
Cash at bank and in hand 490 6,173
144,551 104,173
Creditors: amounts falling due within one year (240,546) (104,454)
Net current assets (liabilities) (95,995) (281)
Total assets less current liabilities (85,924) 12,127
Total net assets (liabilities) (85,924) 12,127
Capital and reserves
Called up share capital 100 100
Profit and loss account (86,024) 12,027
Shareholders' funds (85,924) 12,127
  • 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 29 April 2016

And signed on their behalf by:
Scott Jenkins, Director

ELITE CARS ( WALES ) LIMITED Registered Number 08608414

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.

2Tangible fixed assets
£
Cost
At 1 August 2014 14,745
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2015 14,745
Depreciation
At 1 August 2014 2,337
Charge for the year 2,337
On disposals -
At 31 July 2015 4,674
Net book values
At 31 July 2015 10,071
At 31 July 2014 12,408