Abbreviated Company Accounts - WESTBURY CAR AUCTIONS LTD

WESTBURY CAR AUCTIONS LTD - Company Information

07757745 WESTBURY CAR AUCTIONS LTD 2016-08-31 false 2015-09-01 2016-08-31 true 07757745 2015-09-01 2016-08-31 07757745 2016-08-31 07757745 2015-08-31 07757745 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 07757745 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 07757745

WESTBURY CAR AUCTIONS LTD

Abbreviated Accounts

31 August 2016

WESTBURY CAR AUCTIONS LTD Registered Number 07757745

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	5,540	6,055
		5,540	6,055
Current assets
Debtors	3	50,773	15,378
Cash at bank and in hand		44,106	46,213
		94,879	61,591
Creditors: amounts falling due within one year		(41,179)	(30,746)
Net current assets (liabilities)		53,700	30,845
Total assets less current liabilities		59,240	36,900
Creditors: amounts falling due after more than one year		0	(14,990)
Total net assets (liabilities)		59,240	21,910
Capital and reserves
Called up share capital	4	10	10
Profit and loss account		59,230	21,900
Shareholders' funds		59,240	21,910

For the year ending 31 August 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 16 November 2016

And signed on their behalf by:
PAUL BURDEN, Director

WESTBURY CAR AUCTIONS LTD Registered Number 07757745

Notes to the Abbreviated Accounts for the period ended 31 August 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 represents amounts receivable for goods and services net of Value Added Tax and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost of fixed assets over their expected useful lives on the following issues:
Fixtures and Fittings - 15% reducing balance, per annum
Vehicle & Computer Equipment - 25% reducing balance, per annum

2Tangible fixed assets

	£
Cost
At 1 September 2015	7,570
Additions	3,200
Disposals	(2,190)
Revaluations	-
Transfers	-
At 31 August 2016	8,580
Depreciation
At 1 September 2015	1,515
Charge for the year	1,963
On disposals	(438)
At 31 August 2016	3,040
Net book values
At 31 August 2016	5,540
At 31 August 2015	6,055

3Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	50,773	15,378

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10 Ordinary shares of £1 each	10	10