Company Registration No. 01100346 (England and Wales)
SAFARI SERVICE STATION LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
SAFARI SERVICE STATION LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SAFARI SERVICE STATION LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
9,394
7,511
Current assets
Stocks
1,000,421
927,132
Debtors
332,226
26,256
Cash at bank and in hand
143,945
194,385
1,476,592
1,147,773
Creditors: amounts falling due within one year
(411,944)
(357,199)
Net current assets
1,064,648
790,574
Total assets less current liabilities
1,074,042
798,085
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
1,074,038
798,081
Shareholders' funds
1,074,042
798,085
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 November 2016
I. Beaton, Esq.
Director
Company Registration No. 01100346
SAFARI SERVICE STATION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and United Kingdom Generally Accepted Accounting Practice for Smaller Entities.
1.2
Turnover
Turnover represents amounts receivable for selling and repairing of motor vehicles net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Improvements to premises
10% p.a. on a straight line basis
Fixtures, fittings & equipment
10% p.a. on a straight line basis
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
91,790
Additions
4,704
At 31 March 2016
96,494
Depreciation
At 1 April 2015
84,280
Charge for the period
2,820
At 31 March 2016
87,100
Net book value
At 31 March 2016
9,394
At 31 March 2015
7,511
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4 Ordinary shares of £1 each
4
4
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