| Ackworth Service Station Ltd |
| Registered number: |
04368463 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,371,690 |
|
|
942,184 |
|
| Current assets |
| Stocks |
|
|
172,697 |
|
|
306,232 |
| Debtors |
|
|
626,810 |
|
|
687,762 |
| Cash at bank and in hand |
|
|
1,077,643 |
|
|
1,027,476 |
|
|
|
1,877,150 |
|
|
2,021,470 |
|
| Creditors: amounts falling due within one year |
3 |
|
(680,924) |
|
|
(707,282) |
|
| Net current assets |
|
|
|
1,196,226 |
|
|
1,314,188 |
|
| Total assets less current liabilities |
|
|
|
2,567,916 |
|
|
2,256,372 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(592,423) |
|
|
(590,315) |
|
| Provisions for liabilities |
|
|
|
(5,383) |
|
|
- |
|
|
| Net assets |
|
|
|
1,970,110 |
|
|
1,666,057 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
3 |
|
|
3 |
| Profit and loss account |
|
|
|
1,970,107 |
|
|
1,666,054 |
|
| Shareholders' funds |
|
|
|
1,970,110 |
|
|
1,666,057 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| F Valli |
| Director |
| Approved by the board on 17 November 2016 |
|
| Ackworth Service Station Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
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. |
|
|
Depreciation |
|
Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
Freehold Buildings |
2% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
424,998 |
|
At 31 March 2016 |
424,998 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2015 |
424,998 |
|
At 31 March 2016 |
424,998 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
- |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
1,632,043 |
|
Additions |
527,331 |
|
Disposals |
(41,902) |
|
At 31 March 2016 |
2,117,472 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
689,859 |
|
Charge for the year |
83,411 |
|
On disposals |
(27,488) |
|
At 31 March 2016 |
745,782 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
1,371,690 |
|
At 31 March 2015 |
942,184 |
|
|
|
|
|
|
|
| 4 |
Creditors: Amounts falling due within 1 year |
|
|
£322,368 (2014:£386,956) of trade creditors owed to BP Oil UK Limited is secured by a first charge over one of the company's petrol stations. |
|
|
|
|
|
|
|
|
| 5 |
Share capital |
2016 |
|
2015 |
| £ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares £1 each |
|
|
|
|
3 |
|
3 |
|
|
|
|
|
|
|
|
|
