Abbreviated Company Accounts - PREMIER CARS (MIDLANDS) LTD

Abbreviated Company Accounts - PREMIER CARS (MIDLANDS) LTD

PREMIER CARS (MIDLANDS) LTD - Company Information

Print Friendly Version

Registered Number 08348292

PREMIER CARS (MIDLANDS) LTD

Abbreviated Accounts

31 January 2014

PREMIER CARS (MIDLANDS) LTD Registered Number 08348292

Abbreviated Balance Sheet as at 31 January 2014

Notes 2014
£
Current assets
Stocks 2,021
Debtors 2 23,000
Cash at bank and in hand 183
25,204
Creditors: amounts falling due within one year (24,626)
Net current assets (liabilities) 578
Total assets less current liabilities 578
Total net assets (liabilities) 578
Capital and reserves
Called up share capital 1
Profit and loss account 577
Shareholders' funds 578
  • For the year ending 31 January 2014 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 6 October 2014

And signed on their behalf by:
Raymond Khan, Director

PREMIER CARS (MIDLANDS) LTD Registered Number 08348292

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The principle accounting policies adopted in the preparation of the Financial Statements are set out below and have remained unchanged during the year and have been consistently applied within the accounts. 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 policy
Turnover represents the invoiced amount of goods sold and services provided exclusive of Value Added Tax.

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value.

2Debtors
2014
£
Debtors include the following amounts due after more than one year 23,000