Carcare Repair Limited - Accounts to registrar - small 16.3

REGISTERED NUMBER: 08920249 (England and Wales)

CARCARE REPAIR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTOR:

Mr G.C. Worthington

REGISTERED OFFICE:

Unit 3 Factory Road

Tipton

West Midlands

DY4 9AU

REGISTERED NUMBER:

08920249 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Statement of

Comprehensive Income and certain other primary statements and the Report of the Director are not required to

be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Carcare Repair Limited for the year ended 31 March 2016 which comprise the Statement of

Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Carcare Repair Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Carcare Repair Limited and state those matters that we have agreed to state to the director of Carcare Repair Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carcare Repair Limited director for our work or for this report.

It is your duty to ensure that Carcare Repair Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Carcare Repair Limited. You consider that Carcare Repair Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Carcare Repair Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

9 December 2016

CURRENT ASSETS

Debtors

2

9,596

21,859

Cash at bank

1,625

-

11,221

21,859

CREDITORS

Amounts falling due within one year

3

123,406

79,331

NET CURRENT LIABILITIES

(112,185

)

(57,472

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(112,185

)

(57,472

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

7

(112,186

)

(57,473

)

SHAREHOLDERS' FUNDS

(112,185

)

(57,472

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 December 2016 and were signed by:

Mr G.C. Worthington - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements,

as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Turnover

Turnover represents net sales of goods/services, excluding value added tax

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

2.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

6,811

7,142

Other debtors

2,785

14,717

9,596

21,859

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts (see note 4)

-

1,031

Trade creditors

22,807

28,275

Taxation and social security

62,870

37,560

Other creditors

37,729

12,465

123,406

79,331

4.

LOANS

An analysis of the maturity of loans is given below:

2016

2015

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

1,031

5.	DEFERRED TAX

£

Balance at 1 April 2015

(14,365

)

Provided during year

14,365

Balance at 31 March 2016

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1

7.

RESERVES

Retained

earnings

£

At 1 April 2015

(57,473

)

Deficit for the year

(54,713

)

At 31 March 2016

(112,186

)

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2016 and the period

ended 31 March 2015:

2016

2015

£

£

Mr G.C. Worthington

Balance outstanding at start of year

352

-

Amounts advanced

-

352

Amounts repaid

(352

)

-

Balance outstanding at end of year

-

352

9.	ULTIMATE CONTROLLING PARTY

The control of the company is exercised by Mr G. Worthington by virtue of his shareholdings.

10.	COMPANY INFORMATION

The company is a private limited company incorporated in England and Wales.

11.	FIRST YEAR ADOPTION

No adjustments to the values included in the financial statements were required on transition to Financial

Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".