Lancashire Motor Bodies (Manchester) Ltd - Period Ending 2015-12-31

Registration number: 03477091

Lancashire Motor Bodies (Manchester) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

HML Davies Limited
Chartered Certified Accountants
9 Riverside
Waters Meeting Road
Bolton
BL1 8TU

Lancashire Motor Bodies (Manchester) Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Lancashire Motor Bodies (Manchester) Ltd
(Registration number: 03477091)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			52,875			48,832
Current assets
Debtors					182,088			206,775
Cash at bank and in hand					136,504			87,760
					318,592			294,535
Creditors: Amounts falling due within one year					(179,582)			(214,113)
Net current assets					139,010			80,422
Net assets					191,885			129,254
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					190,885			128,254
Shareholders' funds					191,885			129,254

For the year ending 31 December 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 director acknowledges his 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 director on 27 September 2016

.........................................
Mr S A Radcliffe
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Lancashire Motor Bodies (Manchester) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Fixtures and fittings	15% reducing balance
Motor vehicles	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

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Lancashire Motor Bodies (Manchester) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		140,697			140,697
Additions		14,616			14,616
At 31 December 2015		155,313			155,313
Depreciation
At 1 January 2015		91,865			91,865
Charge for the year		10,573			10,573
At 31 December 2015		102,438			102,438
Net book value
At 31 December 2015		52,875			52,875
At 31 December 2014		48,832			48,832

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

4

Control

The company is controlled by Lancashire Motor Bodies (North West) Ltd. Lancashire Motor Bodies (North West) Ltd is the parent company of Lancashire Motor Bodies (Manchester) Ltd. Copies of their financial statements can be obtained from Companies House. The ultimate controlling party is Mr S A Radcliffe by virtue of his interest in 100% of the shares in the parent company.

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