R'S_AUTOS_(MOT)_LIMITED - Accounts

R'S AUTOS (MOT) LIMITED - Company Information

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Company Registration No. 05114614 (England and Wales)

R'S AUTOS (MOT) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

LB GROUP

82 East Hill

Colchester

Essex

CO1 2QW

R'S AUTOS (MOT) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

R'S AUTOS (MOT) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

310

414

Current assets

Debtors

5,671

12,719

Cash at bank and in hand

21,476

19,480

27,147

32,199

Creditors: amounts falling due within one year

(9,616)

(8,909)

Net current assets

17,531

23,290

Total assets less current liabilities

17,841

23,704

Capital and reserves

Called up share capital

100

Profit and loss account

17,741

23,604

Shareholders' funds

17,841

23,704

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 January 2017

R I Hibble

Director

Company Registration No. 05114614

R'S AUTOS (MOT) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

15% Straight Line

Plant and machinery

25% Reducing Balance

Computer equipment

25% Straight Line

Fixtures and fittings

15% Straight Line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

R'S AUTOS (MOT) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 May 2015 & at 30 April 2016

7,403

Depreciation

At 1 May 2015

6,989

Charge for the year

104

At 30 April 2016

7,093

Net book value

At 30 April 2016

310

At 30 April 2015

414

Share capital

2016

2015

Allotted, called up and fully paid

70 Ordinary A shares of £1 each

30 Ordinary B shares of £1 each

100