Abbreviated Company Accounts - OAKLANDS HAND CAR WASH LTD

Abbreviated Company Accounts - OAKLANDS HAND CAR WASH LTD

OAKLANDS HAND CAR WASH LTD - Company Information

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Registered Number 08948348

OAKLANDS HAND CAR WASH LTD

Abbreviated Accounts

31 March 2016

OAKLANDS HAND CAR WASH LTD Registered Number 08948348

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 766 1,021
766 1,021
Current assets
Debtors 9,885 9,885
Cash at bank and in hand 39 1,110
9,924 10,995
Creditors: amounts falling due within one year (13,157) (12,951)
Net current assets (liabilities) (3,233) (1,956)
Total assets less current liabilities (2,467) (935)
Total net assets (liabilities) (2,467) (935)
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,567) (1,035)
Shareholders' funds (2,467) (935)
  • 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 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.

Approved by the Board on 16 December 2016

And signed on their behalf by:
Basharat Mahmood, Director
Zaffar Iqbal, Director

OAKLANDS HAND CAR WASH LTD Registered Number 08948348

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2015 1,362
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 1,362
Depreciation
At 1 April 2015 341
Charge for the year 255
On disposals -
At 31 March 2016 596
Net book values
At 31 March 2016 766
At 31 March 2015 1,021