BNJ Tyre Sales Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04996084 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

BNJ TYRE SALES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B N Jones

J F Murray

SECRETARY:

Mrs L J Jones

REGISTERED OFFICE:

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

REGISTERED NUMBER:

04996084 (England and Wales)

ACCOUNTANTS:

McLintocks Limited

Chartered Accountants

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

21,759

25,607

21,759

25,607

CURRENT ASSETS

Stocks

1,200

1,500

Debtors

41,939

45,396

Cash at bank and in hand

23,033

12,626

66,172

59,522

CREDITORS

Amounts falling due within one year

4

84,491

65,913

NET CURRENT LIABILITIES

(18,319

)

(6,391

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,440

19,216

CREDITORS

Amounts falling due after more than
one year

4

(938

)

(4,688

)

PROVISIONS FOR LIABILITIES

(2,102

)

(2,742

)

NET ASSETS

400

11,786

CAPITAL AND RESERVES

Called up share capital

5

101

Profit and loss account

299

11,685

SHAREHOLDERS' FUNDS

400

11,786

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 Board of Directors on 1 November 2016 and were
signed on its behalf by:

B N Jones - 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 goods supplied during the year, exclusive of value added

tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost, 15% on reducing balance and in accordance with the property

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

30,000

AMORTISATION

At 1 April 2015

and 31 March 2016

30,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

35,711

DEPRECIATION

At 1 April 2015

10,104

Charge for year

3,848

At 31 March 2016

13,952

NET BOOK VALUE

At 31 March 2016

21,759

At 31 March 2015

25,607

4.

CREDITORS

Creditors include an amount of £ 4,688 (2015 - £ 8,438 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

101

Ordinary shares

£1

101