Company Registration No. 05924503 (England and Wales)
ROYTON MINIBUSES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
ROYTON MINIBUSES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ROYTON MINIBUSES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
30 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
36,000
36,000
Tangible assets
2
64,090
76,910
100,090
112,910
Current assets
Debtors
42,214
63,180
Cash at bank and in hand
37,993
60,001
80,207
123,181
Creditors: amounts falling due within one year
(108,761)
(162,798)
Net current liabilities
(28,554)
(39,617)
Total assets less current liabilities
71,536
73,293
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
71,436
73,193
Shareholders' funds
71,536
73,293
For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 September 2016
Mr David Birley
Director
Company Registration No. 05924503
ROYTON MINIBUSES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
20% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 December 2014
36,000
217,122
253,122
Additions
-
8,900
8,900
Disposals
-
(6,431)
(6,431)
At 30 November 2015
36,000
219,591
255,591
Depreciation
At 1 December 2014
-
140,212
140,212
On disposals
-
(631)
(631)
Charge for the year
-
15,920
15,920
At 30 November 2015
-
155,501
155,501
Net book value
At 30 November 2015
36,000
64,090
100,090
At 30 November 2014
36,000
76,910
112,910
ROYTON MINIBUSES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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