Harrisons MOT Centre Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07439164 (England and Wales)

Harrisons MOT Centre Ltd

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr L Harrison

SECRETARY:

Mrs S Harrison

REGISTERED OFFICE:

c/o Lloyd Piggott

Wellington House

39/41 Piccadilly

Manchester

Greater Manchester

M1 1LQ

REGISTERED NUMBER:

07439164 (England and Wales)

ACCOUNTANTS:

Lloyd Piggott Limited

Chartered Accountants

Wellington House

39/41 Piccadilly

Manchester

M1 1LQ

FIXED ASSETS

Tangible assets

2

12,236

13,358

CURRENT ASSETS

Stocks

850

625

Debtors

8,252

8,688

Cash at bank

31,006

24,247

40,108

33,560

CREDITORS

Amounts falling due within one year

39,480

35,369

NET CURRENT ASSETS/(LIABILITIES)

628

(1,809

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,864

11,549

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

12,764

11,449

SHAREHOLDERS' FUNDS

12,864

11,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 12 October 2014 and were signed by:

Mr L Harrison - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on 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.

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

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

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

15,853

Additions

2,300

At 31 March 2014

18,153

DEPRECIATION

At 1 April 2013

2,495

Charge for year

3,422

At 31 March 2014

5,917

NET BOOK VALUE

At 31 March 2014

12,236

At 31 March 2013

13,358

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary shares

£1

100

100