Accounts filed on 31-07-2016

---

			Company registration number:05497353
			VICTORIA GARAGE (PENARTH) LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 July 2016

---

VICTORIA GARAGE (PENARTH) LIMITED
BALANCE SHEET
AS AT 31 July 2016
			2016				2015
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			13,133				14,134
					13,133				14,134
CURRENT ASSETS
Stocks			7,000				7,000
Debtors			31,416				24,869
Cash at bank and in hand			28,203				21,259
			66,619				53,128
CREDITORS
Amounts falling due within one year			(58,032)				(45,338)
NET CURRENT ASSETS					8,587				7,790
TOTAL ASSETS LESS
CURRENT LIABILITIES					21,720				21,924
NET ASSETS					21,720				21,924
CAPITAL AND RESERVES
Called-up equity share capital		4			4				4
Profit and loss account					21,716				21,920
SHAREHOLDERS FUNDS					21,720				21,924
For the year ending 31 July 2016 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 the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Approved by the board of directors on 20 October 2016 and signed on its behalf.
..........................................................................
Simon Prosser
20 October 2016
The annexed notes form part of these financial statements.

---

VICTORIA GARAGE (PENARTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention.

Statement of cashflow

The company has taken advantage of the exemption provided by Financial Reporting Standard 1 and has not prepared a cash flow statement for the period.

Turnover

Turnover represents the net invoiced sales of motor service repairs.

Intangible assets

Goodwill is amortised over 10 years on a straight line basis.

Fixed assets

Depreciation is calculated using the straight line method on the gross values of fixed assets without any deduction for government grants. The following rates are used:

Plant25%

Fixtures10%

Vehicles25%

Stocks and work In progress

Stock is valued at the lower of cost and net realiseable value.

Deferred taxation

Deferred Taxation is provided using the liability method in respect of the taxation effect of all timing differences to the extent that tax liabilities are likely to crystallise in the foreseeable future.

Pension scheme

The company contributed £3,338 (2015: £3,338) to the directors pension scheme during the year.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			61,647
	Additions			6,379
	At end of period			68,026
	Depreciation
	At start of period			47,513
	Provided during the period			7,380
	At end of period			54,893
	Net Book Value
	At start of period			14,134
	At end of period			13,133

3.	Debtors
	Debtors include £1,145 (2015 £1,145) In respect of amounts due after more than one year.

4.	Share capital				Allotted, issued and fully paid
					2016	2015
					£	£
	Issued and Fully Paid				4	4
	Total issued share capital				4	4