Llandeilo Filling Station Ltd - Abbreviated accounts

Llandeilo Filling Station Ltd - Abbreviated accounts


Registered number
07155782
Llandeilo Filling Station Ltd
Abbreviated Accounts
29 February 2016
Llandeilo Filling Station Ltd
Registered number: 07155782
Abbreviated Balance Sheet
as at 29 February 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,400 7,350
Current assets
Stocks 20,500 12,250
Debtors 20,147 15,515
Cash at bank and in hand 2,296 8,270
42,943 36,035
Creditors: amounts falling due within one year (61,413) (47,455)
Net current liabilities (18,470) (11,420)
Total assets less current liabilities (12,070) (4,070)
Creditors: amounts falling due after more than one year (31,641) (45,711)
Net liabilities (43,711) (49,781)
Capital and reserves
Called up share capital 3 2 2
Profit and loss account (43,713) (49,783)
Shareholder's funds (43,711) (49,781)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr A L Whistance
Director
Approved by the board on 3 October 2016
Llandeilo Filling Station Ltd
Notes to the Abbreviated Accounts
for the year ended 29 February 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Tangible fixed assets £
Cost
At 1 March 2015 17,333
Additions 650
At 29 February 2016 17,983
Depreciation
At 1 March 2015 9,983
Charge for the year 1,600
At 29 February 2016 11,583
Net book value
At 29 February 2016 6,400
At 28 February 2015 7,350
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 2 2
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