Abbreviated Company Accounts - NDR MOTORS LIMITED

NDR MOTORS LIMITED - Company Information

Registered Number 07179577

NDR MOTORS LIMITED

Abbreviated Accounts

31 March 2016

NDR MOTORS LIMITED Registered Number 07179577

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	53,404	57,244
Tangible assets	3	7,435	8,747
		60,839	65,991
Current assets
Stocks		6,000	3,500
Debtors		30,314	30,430
Cash at bank and in hand		72,222	78,332
		108,536	112,262
Creditors: amounts falling due within one year		(154,985)	(152,260)
Net current assets (liabilities)		(46,449)	(39,998)
Total assets less current liabilities		14,390	25,993
Total net assets (liabilities)		14,390	25,993
Capital and reserves
Called up share capital		100	100
Profit and loss account		14,290	25,893
Shareholders' funds		14,390	25,993

For the year ending 31 March 2016 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 7 June 2016

And signed on their behalf by:
Rajesh Shah, Director
Nishit Shah, Director

NDR MOTORS LIMITED Registered Number 07179577

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Plant and machinery 15% on a reducing balance basis
Fixtures, fittings & equipment 15% on a reducing balance basis
Equipment 15% on a reducing balance basis

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Land and buildings leasehold 15% on a reducing balance basis

2Intangible fixed assets

	£
Cost
At 1 April 2015	76,577
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	76,577
Amortisation
At 1 April 2015	19,333
Charge for the year	3,840
On disposals	-
At 31 March 2016	23,173
Net book values
At 31 March 2016	53,404
At 31 March 2015	57,244

3Tangible fixed assets

	£
Cost
At 1 April 2015	18,505
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	18,505
Depreciation
At 1 April 2015	9,758
Charge for the year	1,312
On disposals	-
At 31 March 2016	11,070
Net book values
At 31 March 2016	7,435
At 31 March 2015	8,747