Abbreviated Company Accounts - JOHN TOOVEY ROAD AND RACE LIMITED

JOHN TOOVEY ROAD AND RACE LIMITED - Company Information

05753552 JOHN TOOVEY ROAD AND RACE LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 05753552 2015-04-01 2016-03-31 05753552 2016-03-31 05753552 2015-03-31 05753552 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 05753552 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 05753552

JOHN TOOVEY ROAD AND RACE LIMITED

Abbreviated Accounts

31 March 2016

JOHN TOOVEY ROAD AND RACE LIMITED Registered Number 05753552

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3,952	4,391
		3,952	4,391
Current assets
Stocks		4,593	9,241
Debtors		715	1,860
Cash at bank and in hand		27,783	18,276
		33,091	29,377
Creditors: amounts falling due within one year		(32,696)	(25,805)
Net current assets (liabilities)		395	3,572
Total assets less current liabilities		4,347	7,963
Total net assets (liabilities)		4,347	7,963
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		4,343	7,959
Shareholders' funds		4,347	7,963

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 23 December 2016

And signed on their behalf by:
C Toovey, Director

JOHN TOOVEY ROAD AND RACE LIMITED Registered Number 05753552

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 January 2015)

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 10% reducing balance

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 April 2015	10,493
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	10,493
Depreciation
At 1 April 2015	6,102
Charge for the year	439
On disposals	-
At 31 March 2016	6,541
Net book values
At 31 March 2016	3,952
At 31 March 2015	4,391

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
4 Ordinary shares of £1 each	4	4