Lewis Coaches (Stalbridge) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02241917

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2015

FOR

LEWIS COACHES (STALBRIDGE) LIMITED

Page

Abbreviated Balance Sheet

1

to

2

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

95,614

98,008

CURRENT ASSETS

Stocks

245

250

Debtors

1,811

2,033

Cash at bank

27,210

26,502

29,266

28,785

CREDITORS

Amounts falling due within one year

(10,685

)

(15,363

)

NET CURRENT ASSETS

18,581

13,422

TOTAL ASSETS LESS CURRENT
LIABILITIES

114,195

111,430

PROVISIONS FOR LIABILITIES

(1,023

)

(1,363

)

NET ASSETS

113,172

110,067

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

113,170

110,065

SHAREHOLDERS' FUNDS

113,172

110,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26th May 2016 and were signed on its behalf by:

ML Withers - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

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:

Freehold Property

The rate of 1% per annum - straight line basis

Motor Vehicles

The rate of 25% per annum - reducing balance basis

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2014

and 31st August 2015

153,977

DEPRECIATION

At 1st September 2014

55,969

Charge for year

2,394

At 31st August 2015

58,363

NET BOOK VALUE

At 31st August 2015

95,614

At 31st August 2014

98,008

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary shares

£1

2