Spring Lane Service Station (Erdington) - Abbreviated accounts 16.3

SPRING LANE SERVICE STATION

(ERDINGTON) LTD.

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D Connolly

SECRETARY:

Mrs P Connolly

REGISTERED OFFICE:

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

REGISTERED NUMBER:

03520734 (England and Wales)

ACCOUNTANTS:

Haslehursts Limited

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

17,136

18,291

17,136

18,291

CURRENT ASSETS

Stocks

8,565

8,726

Debtors

189,704

109,518

Cash at bank and in hand

51,935

105,153

250,204

223,397

CREDITORS

Amounts falling due within one year

(68,463

)

(74,660

)

NET CURRENT ASSETS

181,741

148,737

TOTAL ASSETS LESS CURRENT
LIABILITIES

198,877

167,028

PROVISIONS FOR LIABILITIES

(1,844

)

(2,263

)

NET ASSETS

197,033

164,765

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

196,033

163,765

SHAREHOLDERS' FUNDS

197,033

164,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 15 December 2016 and were signed by:

D Connolly - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

14,500

AMORTISATION

At 1 April 2015

and 31 March 2016

14,500

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

114,846

Additions

5,248

Disposals

(1,800

)

At 31 March 2016

118,294

DEPRECIATION

At 1 April 2015

96,555

Charge for year

5,546

Eliminated on disposal

(943

)

At 31 March 2016

101,158

NET BOOK VALUE

At 31 March 2016

17,136

At 31 March 2015

18,291

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1.00

1,000