Four Counties Lubricants Limited,Ltd - Accounts

FOUR COUNTIES LUBRICANTS LTD - Company Information

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Four Counties Lubricants Limited

For the period ended 31 March 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 08882376

Draft

Four Counties Lubricants Limited

Accountants' Report

For the period ended 31 March 2016

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

accounts of Four Counties Lubricants Limited for the period ended 31 March 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other

professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Four Counties Lubricants Limited, as a body, in accordance

with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval

the accounts of Four Counties Lubricants Limited and state those matters that we have agreed to state to the

Board of Directors of Four Counties Lubricants Limited, as a body, in this report in accordance with the

requirements of the Association of Chartered Certified Accountants and as detailed at

http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than Four Counties Lubricants Limited and its Board of Directors as a body for our

work or for this report.

It is your duty to ensure that Four Counties Lubricants Limited has kept adequate accounting records and to

prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Four

Counties Lubricants Limited. You consider that Four Counties Lubricants Limited is exempt from the statutory audit

requirement for the year.

Cole & Co

4 The Sheepcote, Monks Orchard

Lumber Lane

Lugwardine

Hereford

HR1 4AG

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Abbreviated Balance Sheet

Four Counties Lubricants Limited

As at 31 March 2016

08882376

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

8,526

Current assets

Stocks

48,507

Debtors

113,985

Cash at bank and in hand

1,255

163,747

Creditors: amounts falling due within one year

(86,846)

76,901

Net current assets

Total assets less current liabilities

85,427

Net assets

Capital and reserves

Called up share capital

Profit and loss account

85,425

85,427

Shareholders funds

For the period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;

2) 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.

Date approved by the board: 22 December 2016

Mr T A Hinton Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Four Counties Lubricants Limited

For the period ended 31 March 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

15% Reducing balance

Motor Vehicles

20% Reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

10,639

Additions

At 31 March 2016

10,639

Depreciation

2,113

Charge for period

2,113

At 31 March 2016

Net book values

At 31 March 2016

8,526

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Notes to the Abbreviated Financial Statements

Four Counties Lubricants Limited

For the period ended 31 March 2016

3 Share capital

Allotted called up and fully paid

2016

2015

2 Class A shares of £1.00 each

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