Abbreviated Company Accounts - MANOR AUTO SALVAGE LIMITED

MANOR AUTO SALVAGE LIMITED - Company Information

Registered Number NI037815

MANOR AUTO SALVAGE LIMITED

Abbreviated Accounts

31 March 2016

MANOR AUTO SALVAGE LIMITED Registered Number NI037815

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	189,506	206,997
Investments	3	175,157	-
		364,663	206,997
Current assets
Stocks		216,540	162,671
Debtors		70,881	1,905
Cash at bank and in hand		352,852	585,564
		640,273	750,140
Creditors: amounts falling due within one year		(35,934)	(25,433)
Net current assets (liabilities)		604,339	724,707
Total assets less current liabilities		969,002	931,704
Provisions for liabilities		(23,583)	(23,583)
Total net assets (liabilities)		945,419	908,121
Capital and reserves
Called up share capital		100	100
Profit and loss account		945,319	908,021
Shareholders' funds		945,419	908,121

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 29 December 2016

And signed on their behalf by:
Kevin Monaghan, Director

MANOR AUTO SALVAGE LIMITED Registered Number NI037815

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 total invoice value, excluding value added tax, of sales made during the year.

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

Land and buildings - Straight line over fifty years
Plant and machinery - 15% reducing balance
Computer equipment - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2015	555,160
Additions	2,640
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	557,800
Depreciation
At 1 April 2015	348,163
Charge for the year	20,131
On disposals	-
At 31 March 2016	368,294
Net book values
At 31 March 2016	189,506
At 31 March 2015	206,997

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.