Motortech (Kent) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06975886 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st July 2016

for

Motortech (Kent) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S C Blyth

SECRETARY:

REGISTERED OFFICE:

227 Sea Street

Herne Bay

Kent

CT6 8JZ

REGISTERED NUMBER:

06975886 (England and Wales)

ACCOUNTANTS:

CWW Accountants

149-151 Mortimer Street

Herne Bay

Kent

CT6 5HA

FIXED ASSETS

Intangible assets

2

13,500

15,000

Tangible assets

3

13,185

1,017

26,685

16,017

CURRENT ASSETS

Stocks

10,000

11,000

Debtors

4,934

323

Cash at bank and in hand

41,506

24,502

56,440

35,825

CREDITORS

Amounts falling due within one year

63,066

29,846

NET CURRENT (LIABILITIES)/ASSETS

(6,626

)

5,979

TOTAL ASSETS LESS CURRENT LIABILITIES

20,059

21,996

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

20,058

21,995

SHAREHOLDERS' FUNDS

20,059

21,996

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 13th December 2016 and were signed by:

Mr S C Blyth - 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 2009, 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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2015

and 31st July 2016

15,000

AMORTISATION

Amortisation for year

1,500

At 31st July 2016

1,500

NET BOOK VALUE

At 31st July 2016

13,500

At 31st July 2015

15,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2015

3,247

Additions

16,563

At 31st July 2016

19,810

DEPRECIATION

At 1st August 2015

2,230

Charge for year

4,395

At 31st July 2016

6,625

NET BOOK VALUE

At 31st July 2016

13,185

At 31st July 2015

1,017

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

1

Ordinary

1