East Side Motor Co. Limited - Abbreviated accounts 16.1

East Side Motor Co. Limited - Abbreviated accounts 16.1

EAST SIDE MOTOR CO. LIMITED - Company Information

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REGISTERED NUMBER: SC058118 (Scotland)













ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

EAST SIDE MOTOR CO. LIMITED

EAST SIDE MOTOR CO. LIMITED (REGISTERED NUMBER: SC058118)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

EAST SIDE MOTOR CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTOR: J Davidson





SECRETARY: D Davidson





REGISTERED OFFICE: Bannerman Johnstone Maclay
213 St Vincent Street
Glasgow
G2 5QY





REGISTERED NUMBER: SC058118 (Scotland)





ACCOUNTANTS: Bannerman Johnstone Maclay
Chartered Accountants
213 St Vincent Street
Glasgow
G2 5QY
Page 1
EAST SIDE MOTOR CO. LIMITED (REGISTERED NUMBER: SC058118)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 48,376 49,683

CURRENT ASSETS
Stocks - 12,500
Debtors 8,336 16,123
Cash at bank 52,346 27,975
60,682 56,598
CREDITORS
Amounts falling due within one year 76,469 73,629
NET CURRENT LIABILITIES (15,787 ) (17,031 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
32,589
32,652

CAPITAL AND RESERVES
Called up share capital 3 300 300
Capital redemption reserve 100 100
Profit and loss account 32,189 32,252
SHAREHOLDERS' FUNDS 32,589 32,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 19 October 2016 and were signed by:





J Davidson - Director


The notes form part of these abbreviated accounts

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EAST SIDE MOTOR CO. LIMITED (REGISTERED NUMBER: SC058118)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016


1. ACCOUNTING POLICIES

Accounting convention
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
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 72,283
DEPRECIATION
At 1 February 2015 22,600
Charge for year 1,307
At 31 January 2016 23,907
NET BOOK VALUE
At 31 January 2016 48,376
At 31 January 2015 49,683

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
300 Ordinary £1 300 300

4. CONTROL

The company is under the control of J Davidson who is the director of the company.

Page 3