Cairston Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05207877 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

CAIRSTON LIMITED

T/A

DRIVE-HIRE CAR & VAN RENTAL

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S A Cairns

SECRETARY:

CCL Company Secretarial Services Limited

REGISTERED OFFICE:

9 High Street

Woburn Sands

Milton Keynes

Buckinghamshire

MK17 8RF

REGISTERED NUMBER:

05207877 (England and Wales)

ACCOUNTANTS:

Camfield Chapman Lowe

9 High Street

Woburn Sands

Milton Keynes

Buckinghamshire

MK17 8RF

FIXED ASSETS

Tangible assets

2

198,814

103,113

CURRENT ASSETS

Debtors

31,379

30,302

Cash at bank

13,041

15,187

44,420

45,489

CREDITORS

Amounts falling due within one year

118,475

73,319

NET CURRENT LIABILITIES

(74,055

)

(27,830

)

TOTAL ASSETS LESS CURRENT LIABILITIES

124,759

75,283

CREDITORS

Amounts falling due after more than one year

(91,856

)

(46,796

)

PROVISIONS FOR LIABILITIES

(5,655

)

(4,778

)

NET ASSETS

27,248

23,709

CAPITAL AND RESERVES

Called up share capital

3

250

250

Profit and loss account

26,998

23,459

SHAREHOLDERS' FUNDS

27,248

23,709

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22nd December 2016 and were signed by:

S A Cairns - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

Straight line over the life of the lease

Plant and machinery

-

15% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

15% on cost

Computer equipment

-

25% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

111,364

Additions

118,733

Disposals

(11,828

)

At 31st March 2016

218,269

DEPRECIATION

At 1st April 2015

8,251

Charge for year

11,904

Eliminated on disposal

(700

)

At 31st March 2016

19,455

NET BOOK VALUE

At 31st March 2016

198,814

At 31st March 2015

103,113

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

250

Ordinary

£1

250

250