HR Motors Limited,Ltd - Accounts

HR Motors Limited,Ltd - Accounts

H R MOTORS LIMITED - Company Information

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2015-04-01 true false Private Limited Company SC502265 2016-03-31 SC502265 2015-04-01 2016-03-31 SC502265 uk-bus:Director1 2015-04-01 2016-03-31 SC502265 uk-gaap:Buildings 2015-04-01 2016-03-31 SC502265 uk-gaap:OfficeEquipment 2015-04-01 2016-03-31 SC502265 uk-gaap:ComputerEquipment 2015-04-01 2016-03-31 SC502265 uk-gaap:Vehicles 2015-04-01 2016-03-31 SC502265 uk-gaap:FixturesFittings 2015-04-01 2016-03-31 iso4217:GBP
HR Motors Limited
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC502265
2
Contents Page
HR Motors Limited
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
HR Motors Limited
Accountants' Report
For the year ended 31 March 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 March 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
AMT Business (Northumbria) Ltd
8 Linnet Court
Cawledge Business Park
Alnwick
Northumberland
NE66 2GD
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4
Abbreviated Balance Sheet
HR Motors Limited
As at 31 March 2016
SC502265
Registered Number :
£
2016
Notes
Fixed assets
Intangible assets
2
57,950
Tangible assets
3
65,731
123,681
Current assets
Stocks
1,500
Debtors
1
Cash at bank and in hand
18,096
19,597
Creditors: amounts falling due within one year
(20,131)
(534)
Net current liabilities
Total assets less current liabilities
123,147
Creditors: amounts falling due after more than one year
4
(103,233)
19,914
Net assets/liabilities
Capital and reserves
Called up share capital
100
Profit and loss account
19,814
19,914
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 12 October 2016
Mr Stuart Hughes Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
HR Motors Limited
For the year ended 31 March 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the
estimated expected useful economic life of the goodwill of 0 years.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
2.5 Straight line
Plant and Machinery
20 Straight line
Computer Equipment
20 Straight line
Motor Vehicles
25 Straight line
Fixtures and Fittings
20 Straight line
2 Intangible fixed assets
Cost or valuation
Intangible
fixed assets
£
Additions
61,000
61,000
At 31 March 2016
Amortisation
3,050
Charge for year
3,050
At 31 March 2016
57,950
Net Book Values
At 31 March 2016
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6
Notes to the Abbreviated Financial Statements
HR Motors Limited
For the year ended 31 March 2016
3 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
69,531
Additions
At 31 March 2016
69,531
Depreciation
3,800
Charge for year
3,800
At 31 March 2016
Net book values
At 31 March 2016
65,731
2016
4 Creditors due after more than one year
£
40,780
Bank loans and overdraft
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