Abbreviated Company Accounts - UNIVERSAL CLASSIC CARS LIMITED

Abbreviated Company Accounts - UNIVERSAL CLASSIC CARS LIMITED

UNIVERSAL CLASSIC CARS LIMITED - Company Information

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Registered Number 07788885

UNIVERSAL CLASSIC CARS LIMITED

Abbreviated Accounts

30 September 2015

UNIVERSAL CLASSIC CARS LIMITED Registered Number 07788885

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 76,242 49,936
76,242 49,936
Current assets
Debtors 127,329 197,905
Cash at bank and in hand 14,726 16,175
142,055 214,080
Creditors: amounts falling due within one year (134,644) (195,239)
Net current assets (liabilities) 7,411 18,841
Total assets less current liabilities 83,653 68,777
Creditors: amounts falling due after more than one year (209,392) (225,000)
Total net assets (liabilities) (125,739) (156,223)
Capital and reserves
Called up share capital 100 100
Share premium account 199,975 199,975
Profit and loss account (325,814) (356,298)
Shareholders' funds (125,739) (156,223)
  • For the year ending 30 September 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 10 June 2016

And signed on their behalf by:
H Allaway, Director

UNIVERSAL CLASSIC CARS LIMITED Registered Number 07788885

Notes to the Abbreviated Accounts for the period ended 30 September 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.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% Straight line
Fixtures, fittings
and equipment - 25% straight line
Motor vehicles - 25% straight line
Leasehold
improvement - 25% straight line

2Tangible fixed assets
£
Cost
At 1 October 2014 75,430
Additions 72,071
Disposals (21,000)
Revaluations -
Transfers -
At 30 September 2015 126,501
Depreciation
At 1 October 2014 25,494
Charge for the year 31,626
On disposals (6,861)
At 30 September 2015 50,259
Net book values
At 30 September 2015 76,242
At 30 September 2014 49,936