Car Solutions Southern Ltd - Period Ending 2016-03-31

Registration number: 06704874

Car Solutions Southern Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Power Accountax Limited
Chartered Accountants
8c High Street
Southampton
Hampshire
SO14 2DH

Car Solutions Southern Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Car Solutions Southern Ltd
(Registration number: 06704874)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					3,365			4,487
Current assets
Stocks					114,101			113,305
Cash at bank and in hand					56,465			50,263
					170,566			163,568
Creditors: Amounts falling due within one year					(52,361)			(40,086)
Net current assets					118,205			123,482
Net assets					121,570			127,969
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					121,568			127,967
Shareholders' funds					121,570			127,969

For the year ending 31 March 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 director acknowledges his 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 director on 10 November 2016

.........................................
Mr Michael Robert Mcfarland
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Car Solutions Southern Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		10,042			10,042
At 31 March 2016		10,042			10,042
Depreciation
At 1 April 2015		5,555			5,555
Charge for the year		1,122			1,122
At 31 March 2016		6,677			6,677
Net book value
At 31 March 2016		3,365			3,365
At 31 March 2015		4,487			4,487

Page 2

Car Solutions Southern Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 3