Abbreviated Company Accounts - CLC AUTOS LIMITED

Registered Number 04328302

CLC AUTOS LIMITED

Abbreviated Accounts

30 November 2015

CLC AUTOS LIMITED Registered Number 04328302

Abbreviated Balance Sheet as at 30 November 2015

	2015	2014
	£	£
Current assets
Stocks	34,704	26,150
Debtors	-	4,800
Cash at bank and in hand	22,576	27,614
	57,280	58,564
Creditors: amounts falling due within one year	(54,917)	(58,277)
Net current assets (liabilities)	2,363	287
Total assets less current liabilities	2,363	287
Creditors: amounts falling due after more than one year	-	(10,635)
Total net assets (liabilities)	2,363	(10,348)
Capital and reserves
Called up share capital	1	1
Profit and loss account	2,362	(10,349)
Shareholders' funds	2,363	(10,348)

For the year ending 30 November 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 20 July 2016

And signed on their behalf by:
Mrs V Stead, Director

CLC AUTOS LIMITED Registered Number 04328302

Notes to the Abbreviated Accounts for the period ended 30 November 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
Tangible Fixed Assets
Depreciation is provided on a straight line basis over the expected useful lives of each category of tangible fixed assets:

Fixtures and Fittings 33 % per annum on cost

Other accounting policies
Stocks
Stocks are stated at the lower of cost and net realisable value.

Leases
Rental costs under operating leases are charged to the profit and loss account in equal annual amounts over the periods of the leases.

Deferred Taxation
Deferred taxation is recognised in respect of all timing differences, between the treatment of certain items for accounts purposes and their treatment for tax purposes, that have originated but not reversed by the balance sheet date.

Deferred taxation is not recognised when assets are revalued unless, by the balance sheet date, the company has entered into a binding agreement to sell the assets and recognised the gains and losses expected to arise on sale or where assets have been sold and it is expected that the taxable gain will be rolled over into a replacement asset.

Cash Flow Statement
The company qualifies as a small company under the Companies Act 2006. The directors have elected to take advantage of the exemptions under FRS 1 not to prepare a cash flow statement.