Abbreviated Company Accounts - A S D MOTORHOUSE LIMITED

A S D MOTORHOUSE LIMITED - Company Information

02404877 A S D MOTORHOUSE LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 02404877 2014-08-01 2015-07-31 02404877 2015-07-31 02404877 2014-07-31 02404877 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 02404877 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 02404877

A S D MOTORHOUSE LIMITED

Abbreviated Accounts

31 July 2015

A S D MOTORHOUSE LIMITED Registered Number 02404877

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	454	677
		454	677
Current assets
Stocks		4,585	7,416
Debtors		166	54
Cash at bank and in hand		4,442	1,505
		9,193	8,975
Creditors: amounts falling due within one year		(17,896)	(19,365)
Net current assets (liabilities)		(8,703)	(10,390)
Total assets less current liabilities		(8,249)	(9,713)
Total net assets (liabilities)		(8,249)	(9,713)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(8,251)	(9,715)
Shareholders' funds		(8,249)	(9,713)

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 28 April 2016

And signed on their behalf by:
Mr A S Dhaliwal, Director

A S D MOTORHOUSE LIMITED Registered Number 02404877

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
The turnover shown in the profit and loss account represents amounts invoiced during the
year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the
value of work done in the year, including estimates of amounts not invoiced. Turnover in
respect of long-term contracts and contracts for on-going services is recognised by
reference to the stage of completion.

Tangible 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 - 33% reducing balance

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Going Concern

The company is envisaged to continue to trade for the foreseeable future due to the
continued financial support of the directors.

2Tangible fixed assets

	£
Cost
At 1 August 2014	5,386
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	5,386
Depreciation
At 1 August 2014	4,709
Charge for the year	223
On disposals	-
At 31 July 2015	4,932
Net book values
At 31 July 2015	454
At 31 July 2014	677

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

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2