Technicar (Derby) Limited - Abbreviated accounts 16.3

Technicar (Derby) Limited - Abbreviated accounts 16.3

TECHNICAR (DERBY) LIMITED - Company Information

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REGISTERED NUMBER: 04884772 (England and Wales)



















Abbreviated Accounts

for the Year Ended 30 September 2016

for

Technicar (Derby) Limited

Technicar (Derby) Limited (Registered number: 04884772)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Technicar (Derby) Limited

Company Information
for the Year Ended 30 September 2016







DIRECTORS: F A Harman
C D Tilley





SECRETARY: C D Tilley





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 04884772 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ
Page 1
Technicar (Derby) Limited (Registered number: 04884772)

Abbreviated Balance Sheet
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 8,000 10,000
Tangible assets 3 22,350 25,682
30,350 35,682

CURRENT ASSETS
Stocks 51,276 30,915
Debtors 27,285 37,235
Cash at bank and in hand 38,471 64,444
117,032 132,594
CREDITORS
Amounts falling due within one year 42,910 42,179
NET CURRENT ASSETS 74,122 90,415
TOTAL ASSETS LESS CURRENT
LIABILITIES
104,472
126,097

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 104,372 125,997
SHAREHOLDERS' FUNDS 104,472 126,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14 December 2016 and were signed on
its behalf by:





F A Harman - Director


The notes form part of these abbreviated accounts

Page 2
Technicar (Derby) Limited (Registered number: 04884772)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2016

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 the net invoiced value of goods and services, excluding value added tax. In the
case of work in progress it includes relevant costs and overheads plus attributable profit to date on
uninvoiced work.

Goodwill
Goodwill, being the amounts in connection with the acquisition of a business in 2003, is being
amortised over its remaining useful economic life of five years from 1 October 2015.

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

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 material timing differences.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

Page 3 continued...
Technicar (Derby) Limited (Registered number: 04884772)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 25,000
AMORTISATION
At 1 October 2015 15,000
Amortisation for year 2,000
At 30 September 2016 17,000
NET BOOK VALUE

At 30 September 2016 8,000
At 30 September 2015 10,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 72,217
Additions 1,094
At 30 September 2016 73,311
DEPRECIATION
At 1 October 2015 46,535
Charge for year 4,426
At 30 September 2016 50,961
NET BOOK VALUE
At 30 September 2016 22,350
At 30 September 2015 25,682

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 4