Nottingham Garage Doors Ltd,Ltd - Accounts

Nottingham Garage Doors Ltd,Ltd - Accounts

NOTTINGHAM GARAGE DOORS LTD - Company Information

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2014-10-01 true false Private Limited Company 05249544 2015-09-30 05249544 2014-10-01 2015-09-30 05249544 2014-09-30 05249544 2013-10-01 2014-09-30 05249544 uk-bus:Director1 2014-10-01 2015-09-30 05249544 uk-gaap:PlantMachinery 2014-10-01 2015-09-30 05249544 uk-gaap:ComputerEquipment 2014-10-01 2015-09-30 05249544 uk-gaap:WithinOneYear 2015-09-30 05249544 uk-gaap:WithinOneYear 2014-09-30 05249544 uk-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP
Nottingham Garage Doors Ltd
For the year ended 30 September 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05249544
2
Contents Page
Nottingham Garage Doors Ltd
For the year ended 30 September 2015
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Nottingham Garage Doors Ltd
Accountant's Report
For the year ended 30 September 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 30 September 2015 and you consider that the company is exempt from an audit under the Companies Act
2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Chaddesden Accountants Ltd
The Old Post Office
478 Nottingham Road
Chaddesden
Derby
DE21 6PF
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4
Abbreviated Balance Sheet
Nottingham Garage Doors Ltd
As at 30 September 2015
05249544
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
2,370
2,852
2,370
2,852
Current assets
Stocks
961
961
Debtors
22,820
20,468
Cash at bank and in hand
24,679
18,919
46,108
42,700
Creditors: amounts falling due within one year
3
(86,901)
(71,398)
(44,201)
(25,290)
Net current liabilities
Total assets less current liabilities
(22,920)
(41,349)
Creditors: amounts falling due after more than one year
-
-
(22,920)
Net liabilities
(41,349)
Capital and reserves
Called up share capital
1
4
1
Profit and loss account
(22,921)
(41,350)
(22,920)
(41,349)
Shareholders funds
For the 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 responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 17 November 2015
J R Godber Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Nottingham Garage Doors Ltd
For the year ended 30 September 2015
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
Office Equipment
25% Reducing balance
The company's freehold properties were professionally valued in . This valuation has been reduced by subsequent
depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective April
2008) the properties continue to be stated at that valuation less accumulated depreciation to date and that valuation
has not been updated.
The company's freehold properties are revalued in full every five years. Interim valuations are carried out when it is
likely that there has been a material change in value.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and
rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets
and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
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6
Notes to the Abbreviated Financial Statements
Nottingham Garage Doors Ltd
For the year ended 30 September 2015
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
10,569
At 01 October 2014
At 30 September 2015
10,569
Depreciation
7,717
At 01 October 2014
482
Charge for year
8,199
At 30 September 2015
Net book values
At 30 September 2015
2,370
2,852
At 30 September 2014
2015
3 Creditors: amounts falling due within one year
£
£
2014
9,734
12,734
Bank loans and overdrafts (secured)
4 Share capital
Allotted called up and fully paid
2015
2014
£
£
1 Ordinary share of £1.00 each
1
1
1
1
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