ABC Cars (Essex) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06620015 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE PERIOD 1 JULY 2014 TO 30 APRIL 2015

FOR

ABC CARS (ESSEX) LIMITED

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

3

DIRECTOR:

M R Browne

SECRETARY:

Rapid Business Services Limited

REGISTERED OFFICE:

Leigh House

Weald Road

Brentwood

Essex

CM14 4SX

REGISTERED NUMBER:

06620015 (England and Wales)

ACCOUNTANTS:

Marriotts Associates

Leigh House

Weald Road

Brentwood

Essex

CM14 4SX

FIXED ASSETS

Intangible assets

2

4,634

6,950

Tangible assets

3

8,237

11,808

12,871

18,758

CURRENT ASSETS

Debtors

22,767

3,417

Cash at bank and in hand

133

183

22,900

3,600

CREDITORS

Amounts falling due within one year

35,596

18,711

NET CURRENT LIABILITIES

(12,696

)

(15,111

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

175

3,647

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

75

3,547

SHAREHOLDERS' FUNDS

175

3,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 June 2016 and were signed by:

M R Browne - 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 services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, 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 etc

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 April 2015

11,584

AMORTISATION

At 1 July 2014

4,634

Amortisation for period

2,316

At 30 April 2015

6,950

NET BOOK VALUE

At 30 April 2015

4,634

At 30 June 2014

6,950

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

20,441

Additions

2,000

Disposals

(5,003

)

At 30 April 2015

17,438

DEPRECIATION

At 1 July 2014

8,633

Charge for period

2,745

Eliminated on disposal

(2,177

)

At 30 April 2015

9,201

NET BOOK VALUE

At 30 April 2015

8,237

At 30 June 2014

11,808

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100