Dave Prance Tyre & Autocentres Limited - Accounts

Dave Prance Tyre & Autocentres Limited - Accounts

DAVE PRANCE TYRE & AUTOCENTRES LIMITED - Company Information

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2015-06-01 true false Private Limited Company 05818387 2015-06-01 2016-05-31 05818387 2016-05-31 05818387 uk-bus:RegisteredOffice 2015-06-01 2016-05-31 05818387 uk-bus:AllEntityOfficers 2015-06-01 2016-05-31 05818387 uk-bus:EntityAccountantsOrAuditors 2015-06-01 2016-05-31 05818387 uk-bus:EntityAccountantsOrAuditors 2016-05-31 05818387 uk-gaap:WithinOneYear 2016-05-31 05818387 uk-bus:Director1 2015-06-01 2016-05-31 05818387 uk-bus:Director1 2016-05-31 05818387 uk-bus:Director1 2014-06-01 2015-05-31 05818387 2014-06-01 05818387 uk-bus:EntityBankers 2015-06-01 2016-05-31 05818387 uk-bus:CompanySecretary 2015-06-01 2016-05-31 05818387 uk-bus:EntityLawyersOrLegalAdvisers 2015-06-01 2016-05-31 05818387 2014-06-01 2015-05-31 05818387 2015-05-31 05818387 uk-gaap:WithinOneYear 2015-05-31 05818387 uk-bus:AllEntityOfficers 2014-06-01 2015-05-31 05818387 uk-bus:EntityAccountantsOrAuditors 2014-06-01 2015-05-31 05818387 uk-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 05818387 uk-bus:OrdinaryShareClass1 2016-05-31 05818387 uk-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 05818387 uk-bus:OrdinaryShareClass1 2015-05-31 05818387 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2015-06-01 2016-05-31 05818387 uk-gaap:PlantMachinery 2015-06-01 2016-05-31 05818387 uk-gaap:PlantMachinery 2016-05-31 05818387 uk-gaap:PlantMachinery 2015-05-31 05818387 uk-gaap:MotorCars 2015-06-01 2016-05-31 05818387 uk-gaap:MotorCars 2016-05-31 05818387 uk-gaap:MotorCars 2015-05-31 05818387 uk-gaap:FixturesFittings 2015-06-01 2016-05-31 05818387 uk-gaap:FixturesFittings 2016-05-31 05818387 uk-gaap:FixturesFittings 2015-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number : 05818387
England and Wales

 

 

 

DAVE PRANCE TYRE & AUTOCENTRES LIMITED


Abbreviated Accounts
 


Period of accounts

Start date: 01 June 2015

End date: 31 May 2016

Dave Prance Tyre & Autocentres Limited
Contents Page
For the year ended 31 May 2016
 
 		 Notes
 		 2016
£		   2015
£
Fixed assets      
Tangible fixed assets 2 23,241    22,655 
23,241    22,655 
Current assets      
Stocks 203,754    193,611 
Debtors 107,097    76,404 
Cash at bank and in hand 49,549    78,583 
360,400    348,598 
Creditors: amount falling due within one year (356,012)   (335,769)
Net current assets 4,388    12,829 
Total assets less current liabilities 27,629    35,484 
Net assets 27,629    35,484 

Capital and reserves 		     
Called up share capital 3 1,000    1,000 
Profit and loss account 26,629    34,484 
Shareholders funds 27,629    35,484 


For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.
Signed on behalf of the board of directors


--------------------------------
Dave Prance
Director

Date approved by the board: 27 February 2017
1
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Plant and Machinery 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 June 2015 41,426    23,953    10,706    76,085 
Additions 12,848    -    -    12,848 
Disposals -    -    (4,500)   (4,500)
At 31 May 2016 54,274    23,953    6,206    84,433 
Depreciation
At 01 June 2015 33,371    14,671    5,388    53,430 
Charge for year 5,232    2,321    209    7,762 
On disposals -    -    -    - 
At 31 May 2016 38,603    16,992    5,597    61,192 
Net book values
At 31 May 2016 15,671    6,961    609    23,241 
At 01 June 2015 8,055    9,282    5,318    22,655 


3.

Share Capital

Allotted
2016
£		   2015
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

2