M T Wilson Motor Repairs Limited - Limited company - abbreviated - 11.9

M T Wilson Motor Repairs Limited - Limited company - abbreviated - 11.9

M T WILSON MOTOR REPAIRS LIMITED - Company Information

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M T WILSON MOTOR REPAIRS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015






M T WILSON MOTOR REPAIRS LIMITED (REGISTERED NUMBER: 04943276)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015










Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

M T WILSON MOTOR REPAIRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: Mr M T Wilson
Mr P Wilson
Mr P Di-Fonzo





SECRETARY: Mrs S J Wilson





REGISTERED OFFICE: Riverside House
14 Prospect Place
Welwyn
Hertfordshire
AL6 9EN





REGISTERED NUMBER: 04943276 (England and Wales)





ACCOUNTANTS: RS Partnership Ltd.
Riverside House
14 Prospect Place
Welwyn
Hertfordshire
AL6 9EN
Page 1
M T WILSON MOTOR REPAIRS LIMITED (REGISTERED NUMBER: 04943276)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 2,741 3,655
2,741 3,655

CURRENT ASSETS
Stocks 9,150 9,150
Debtors 21,632 27,204
Cash at bank 9,424 3,474
40,206 39,828
CREDITORS
Amounts falling due within one year 25,903 27,155
NET CURRENT ASSETS 14,303 12,673
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,044
16,328

PROVISIONS FOR LIABILITIES 200 306
NET ASSETS 16,844 16,022

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 16,744 15,922
SHAREHOLDERS' FUNDS 16,844 16,022

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these abbreviated accounts

Page 2 continued...
M T WILSON MOTOR REPAIRS LIMITED (REGISTERED NUMBER: 04943276)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 30 March 2016 and were signed on its behalf by:





Mr M T Wilson - Director


The notes form part of these abbreviated accounts

Page 3
M T WILSON MOTOR REPAIRS LIMITED (REGISTERED NUMBER: 04943276)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 30,000
AMORTISATION
At 1 January 2015
and 31 December 2015 30,000
NET BOOK VALUE

At 31 December 2015 -
At 31 December 2014 -

Page 4 continued...
M T WILSON MOTOR REPAIRS LIMITED (REGISTERED NUMBER: 04943276)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 18,861
DEPRECIATION
At 1 January 2015 15,206
Charge for year 914
At 31 December 2015 16,120
NET BOOK VALUE
At 31 December 2015 2,741
At 31 December 2014 3,655

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 'A' Voting £1 100 100

Page 5