Abbreviated Company Accounts - COLLINGTREE MINIBUS & EXECUTIVE HIRE LTD.

COLLINGTREE MINIBUS & EXECUTIVE HIRE LTD. - Company Information

03528620 COLLINGTREE MINIBUS & EXECUTIVE HIRE LTD. 2016-07-31 false 2015-08-01 2016-07-31 true 03528620 2015-08-01 2016-07-31 03528620 2016-07-31 03528620 2015-07-31 03528620 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 03528620 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-07-31 iso4217:GBP shares

Registered Number 03528620

COLLINGTREE MINIBUS & EXECUTIVE HIRE LTD.

Abbreviated Accounts

31 July 2016

COLLINGTREE MINIBUS & EXECUTIVE HIRE LTD. Registered Number 03528620

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	477,097	412,164
		477,097	412,164
Current assets
Debtors		86,266	58,924
Cash at bank and in hand		29,036	17,899
		115,302	76,823
Creditors: amounts falling due within one year		(130,553)	(117,333)
Net current assets (liabilities)		(15,251)	(40,510)
Total assets less current liabilities		461,846	371,654
Creditors: amounts falling due after more than one year		(261,316)	(156,854)
Provisions for liabilities		(30,000)	(30,000)
Total net assets (liabilities)		170,530	184,800
Capital and reserves
Called up share capital	3	1,480	1,418
Share premium account		34,650	34,650
Profit and loss account		134,400	148,732
Shareholders' funds		170,530	184,800

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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 November 2016

And signed on their behalf by:
C M STEVENSON, Director

COLLINGTREE MINIBUS & EXECUTIVE HIRE LTD. Registered Number 03528620

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises the value of sales excluding VAT.

Tangible assets depreciation policy
Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets by annual instalments over their expected useful lives.

The rates generally applicable are:

Buses : 25% per annum straight line
Motor vehicles : 25% per annum straight line
Computer equipment : 15% per annum reducing balance

2Tangible fixed assets

	£
Cost
At 1 August 2015	504,978
Additions	244,535
Disposals	(212,300)
Revaluations	-
Transfers	-
At 31 July 2016	537,213
Depreciation
At 1 August 2015	92,814
Charge for the year	35,602
On disposals	(68,300)
At 31 July 2016	60,116
Net book values
At 31 July 2016	477,097
At 31 July 2015	412,164

Included in the net book amount of buses is £412,685 ( 2015- £302,500) in respect of assets held under finance contracts.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000
480 B Ordinary shares of £1 each (418 shares for 2015)	480	418