Rawson Road Garage Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04607912

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Rawson Road Garage Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Nolan

SECRETARY:

Mrs E Nolan

REGISTERED OFFICE:

47 South Parade

Crosby

Liverpool

Merseyside

L23 9SA

REGISTERED NUMBER:

04607912

ACCOUNTANTS:

Topping & Company

Chartered Accountants

209 Liverpool Road

Birkdale

Southport

Merseyside

PR8 4PH

FIXED ASSETS

Tangible assets

2

48,200

52,270

CURRENT ASSETS

Stocks

1,000

Debtors

248

81

Cash at bank

4,341

3,308

5,589

4,389

CREDITORS

Amounts falling due within one year

13,470

16,233

NET CURRENT LIABILITIES

(7,881

)

(11,844

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

40,319

40,426

CREDITORS

Amounts falling due after more than one
year

40,000

NET ASSETS

319

426

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

318

425

SHAREHOLDERS' FUNDS

319

426

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 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 28 June 2016 and were signed by:

P Nolan - 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 January 2015).

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

71,726

Additions

1,159

At 31 December 2015

72,885

DEPRECIATION

At 1 January 2015

19,456

Charge for year

5,229

At 31 December 2015

24,685

NET BOOK VALUE

At 31 December 2015

48,200

At 31 December 2014

52,270

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1

ordinary

£1

1