Stamford Vehicle Hire Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06902304 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Stamford Vehicle Hire Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P N Taylor

SECRETARY:

Mrs E C Taylor

REGISTERED OFFICE:

Unit C

Brownlow Street

Stamford

Lincolnshire

PE9 2EL

REGISTERED NUMBER:

06902304 (England and Wales)

ACCOUNTANTS:

Cumulo Accountancy and Taxation Limited

6 Crown Passage

Uppingham

Rutland

LE15 9NB

FIXED ASSETS

Tangible assets

2

59,544

74,110

CURRENT ASSETS

Debtors

12,108

11,653

Cash in hand

178

1

12,286

11,654

CREDITORS

Amounts falling due within one year

53,774

68,691

NET CURRENT LIABILITIES

(41,488

)

(57,037

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,056

17,073

CREDITORS

Amounts falling due after more than one year

4,987

13,182

NET ASSETS

13,069

3,891

CAPITAL AND RESERVES

Called up share capital

3

3

3

Profit and loss account

13,066

3,888

SHAREHOLDERS' FUNDS

13,069

3,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 10 September 2014 and were signed by:

P N Taylor - 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

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 cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 1 April 2013

123,284

Additions

16,590

Disposals

(24,116

)

At 31 March 2014

115,758

DEPRECIATION

At 1 April 2013

49,174

Charge for year

19,989

Eliminated on disposal

(12,949

)

At 31 March 2014

56,214

NET BOOK VALUE

At 31 March 2014

59,544

At 31 March 2013

74,110

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

£1

3

3