Warwickshire Garage & Transport Group - Abbreviated accounts 16.1

REGISTERED NUMBER: 01991498 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

WARWICKSHIRE GARAGE & TRANSPORT GROUP

TRAINING ASSOCIATION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr S A Davis

Mr T Mcmullen

Mr S J Taylor

Mr D M Kirby

Mr R A Warrington

Mr J Poulter

REGISTERED OFFICE:

44 Holly Walk

Leamington Spa

Warwickshire

CV32 4HY

REGISTERED NUMBER:

01991498 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

2

21,122

12,721

CURRENT ASSETS

Debtors

44,988

54,564

Cash at bank and in hand

1,104,390

1,106,173

1,149,378

1,160,737

CREDITORS

Amounts falling due within one year

15,992

21,394

NET CURRENT ASSETS

1,133,386

1,139,343

TOTAL ASSETS LESS CURRENT LIABILITIES

1,154,508

1,152,064

RESERVES

Income and expenditure account

1,154,508

1,152,064

1,154,508

1,152,064

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

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

The directors acknowledge their 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 surplus or deficit 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 Board of Directors on 7 November 2016 and were signed on its behalf by:

Mr S A Davis - Director

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 the value of grants receivable and income from courses.

Turnover is all attributable to the principal activity of the company and all arises in the United Kingdom.

Tangible fixed assets

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

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

25% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income and expenditure account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

56,510

Additions

18,480

Disposals

(20,269

)

At 31 July 2016

54,721

DEPRECIATION

At 1 August 2015

43,789

Charge for year

10,079

Eliminated on disposal

(20,269

)

At 31 July 2016

33,599

NET BOOK VALUE

At 31 July 2016

21,122

At 31 July 2015

12,721

3.	ASSURANCE REPORT

These abbreviated accounts have been prepared from the company’s full annual financial statements

which have been subject to an Assurance Review Engagement complying with ICAEW TR 09/13 AAF

and with ISRE 2400.