| R Wadham Tyre Services Ltd |
| Registered number: |
01543606 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
12,831 |
|
|
14,394 |
|
| Current assets |
| Stocks |
|
|
29,134 |
|
|
31,751 |
| Debtors |
|
|
274,365 |
|
|
86,899 |
| Cash at bank and in hand |
|
|
166,072 |
|
|
386,098 |
|
|
|
469,571 |
|
|
504,748 |
|
| Creditors: amounts falling due within one year |
|
|
(112,562) |
|
|
(89,950) |
|
| Net current assets |
|
|
|
357,009 |
|
|
414,798 |
|
| Net assets |
|
|
|
369,840 |
|
|
429,192 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
368,840 |
|
|
428,192 |
|
| Shareholders' funds |
|
|
|
369,840 |
|
|
429,192 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Ron Hannington |
| Director |
| Approved by the board on 30 December 2016 |
|
| R Wadham Tyre Services Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Short Leasehold Property |
Straight line over the lease life |
|
Plant and machinery & Fixtures |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
219,119 |
|
Additions |
3,788 |
|
At 31 March 2016 |
222,907 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
204,725 |
|
Charge for the year |
5,351 |
|
At 31 March 2016 |
210,076 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
12,831 |
|
At 31 March 2015 |
14,394 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Ron Hannington |
|
Mortgage loan |
29,843 |
|
233,101 |
|
(95,000) |
|
167,944 |
|
|
|
29,843 |
|
233,101 |
|
(95,000) |
|
167,944 |
|
|
|
|
|
|
|
|
|
