Abbreviated Company Accounts - PREMIER TYRES (CADISHEAD) LIMITED

Abbreviated Company Accounts - PREMIER TYRES (CADISHEAD) LIMITED

PREMIER TYRES (CADISHEAD) LIMITED - Company Information

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Registered Number 05395059

PREMIER TYRES (CADISHEAD) LIMITED

Abbreviated Accounts

31 March 2016

PREMIER TYRES (CADISHEAD) LIMITED Registered Number 05395059

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 22,608 27,572
22,608 27,572
Current assets
Stocks 10,000 17,000
Debtors 21,127 15,104
Cash at bank and in hand 1,423 2,579
32,550 34,683
Creditors: amounts falling due within one year (23,145) (23,262)
Net current assets (liabilities) 9,405 11,421
Total assets less current liabilities 32,013 38,993
Creditors: amounts falling due after more than one year (17,394) (24,511)
Total net assets (liabilities) 14,619 14,482
Capital and reserves
Called up share capital 2 2
Profit and loss account 14,617 14,480
Shareholders' funds 14,619 14,482
  • 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 31 January 2017

And signed on their behalf by:
DAVID ROBINSON, Director

PREMIER TYRES (CADISHEAD) LIMITED Registered Number 05395059

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 VALUE EXCLUDING VALUE ADDED TAX OF SALES MADE DURING THE YEAR

Tangible assets depreciation policy
PLANT AND MACHINERY - 18 % REDUCING BALANCE
MOTOR VEHICLES - 18% REDUCING BALANCE
FIXTURES AND FITTINGS - 18% REDUCING BALANCE

2Tangible fixed assets
£
Cost
At 1 April 2015 41,748
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 41,748
Depreciation
At 1 April 2015 14,176
Charge for the year 4,964
On disposals -
At 31 March 2016 19,140
Net book values
At 31 March 2016 22,608
At 31 March 2015 27,572