Abbreviated Company Accounts - LONDON CAR STORE LIMITED

LONDON CAR STORE LIMITED - Company Information

06591740 LONDON CAR STORE LIMITED 2013-05-31 false 2012-06-01 2013-05-31 true 06591740 2012-06-01 2013-05-31 06591740 2013-05-31 06591740 2012-05-31 06591740 uk-gaap-cd-bus:Director1 2012-06-01 2013-05-31 06591740 uk-gaap-cd-bus:Director2 2012-06-01 2013-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-06-01 2013-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-05-31 iso4217:GBP shares

Registered Number 06591740

LONDON CAR STORE LIMITED

Abbreviated Accounts

31 May 2013

LONDON CAR STORE LIMITED Registered Number 06591740

Abbreviated Balance Sheet as at 31 May 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	5,010	4,997
		5,010	4,997
Current assets
Debtors		5,944	5,692
Cash at bank and in hand		31,524	4,277
		37,468	9,969
Creditors: amounts falling due within one year		(55,261)	(29,093)
Net current assets (liabilities)		(17,793)	(19,124)
Total assets less current liabilities		(12,783)	(14,127)
Total net assets (liabilities)		(12,783)	(14,127)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(12,883)	(14,227)
Shareholders' funds		(12,783)	(14,127)

For the year ending 31 May 2013 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 17 October 2014

And signed on their behalf by:
MR EDIK KHACHATOURI, Director

LONDON CAR STORE LIMITED Registered Number 06591740

Notes to the Abbreviated Accounts for the period ended 31 May 2013

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 THE VALUE, NET OF VALUE ADDED TAX AND DISCOUNTS, OF GOODS PROVIDED TO CUSTOMERS AND WORK CARRIED OUT IN RESPECT OF SERVICES PROVIDED TO CUSTOMERS.

Tangible assets depreciation policy
DEPRECIATION HAS BEEN PROVIDED AT THE FOLLOWING RATES IN ORDER TO WRITE OFF THE ASSETS OVER THEIR ESTIMATED USEFUL LIVES.
PLANT & MACHINERY 20% STRAIGHT LINE METHOD
MOTOR VEHICLES 25% STRAIGHT LINE METHOD

Valuation information and policy
STOCK IS VALUED AT THE LOWER OF COST AND NET REALISABLE VALUE.

2Tangible fixed assets

	£
Cost
At 1 June 2012	9,585
Additions	1,265
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2013	10,850
Depreciation
At 1 June 2012	4,588
Charge for the year	1,252
On disposals	-
At 31 May 2013	5,840
Net book values
At 31 May 2013	5,010
At 31 May 2012	4,997

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

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100