Dunbridge Autos Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07426142 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

DUNBRIDGE AUTOS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B Sofroniou

SECRETARY:

REGISTERED OFFICE:

Cambridge House

27 Cambridge Park

Wanstead

London

E11 2PU

REGISTERED NUMBER:

07426142 (England and Wales)

ACCOUNTANTS:

Tish Press & Company

Cambridge House

27 Cambridge Park

Wanstead

London

E11 2PU

FIXED ASSETS

Tangible assets

2

64,500

291,140

CURRENT ASSETS

Debtors

42,475

96

Cash at bank and in hand

72

1

42,547

97

CREDITORS

Amounts falling due within one year

31,685

235,023

NET CURRENT ASSETS/(LIABILITIES)

10,862

(234,926

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

75,362

56,214

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

75,361

56,213

SHAREHOLDERS' FUNDS

75,362

56,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 6 February 2017 and were signed by:

B Sofroniou - 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 services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

454,906

Additions

64,500

Disposals

(454,906

)

At 29 February 2016

64,500

DEPRECIATION

At 1 March 2015

163,766

Eliminated on disposal

(163,766

)

At 29 February 2016

-

NET BOOK VALUE

At 29 February 2016

64,500

At 28 February 2015

291,140

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

1