Harold Webb Motors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00420557 (England and Wales)

HAROLD WEBB MOTORS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P. Webb

SECRETARY:

Mrs L.C. Webb

REGISTERED OFFICE:

21 Lodge Lane

Grays

Essex

RM17 5RY

REGISTERED NUMBER:

00420557 (England and Wales)

ACCOUNTANTS:

Bland Baker

Chartered Accountants

21 Lodge Lane

Grays

Essex

RM17 5RY

FIXED ASSETS

Tangible assets

2

41,022

CURRENT ASSETS

Cash at bank

24,463

11,844

CREDITORS

Amounts falling due within one year

9,471

9,476

NET CURRENT ASSETS

14,992

2,368

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,014

43,390

CAPITAL AND RESERVES

Called up share capital

3

5,000

Profit and loss account

51,014

38,390

SHAREHOLDERS' FUNDS

56,014

43,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 31 July 2016 and were signed by:

P. Webb - 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 rents receivable.

Tangible fixed assets

Land and buildings - not provided.

No depreciation has been provided on the freehold property as the director considers, for the reasons set out

below, that such a charge would be immaterial. It is neither practicable nor relevant to quantify the affects of

this departure from the requirements of Financial Reporting Standards.

(a) The company requires its tenant to carry out regular maintenance and repair enabling the property to retain

its previously assessed standard of performance.

(b) The assets are unlikely to suffer technological or economic obsolescence due to a change in demand for the

company's services.

Impairment review

In the opinion of the director the site occupied by the property has a development value significantly in excess

of its carrying value and consequently no impairment has occurred under the provisions of Financial Reporting

Standards.

Land and buildings - separable cost

The director recognises that both the Companies Act and Financial Reporting Standards require land and

buildings to be dealt with separately for accounting purposes.

The property was constructed many years ago and there are no remaining records of the separable costs.

The cumulative effect of inflation since construction ensures that the historical cost of the building now

comprises a negligible part of the current carrying value not requiring separate disclosure.

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 2015

and 31 March 2016

41,022

NET BOOK VALUE

At 31 March 2016

41,022

At 31 March 2015

41,022

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

5,000

Ordinary

£1

5,000