Abbreviated Company Accounts - PAT LAVERY TYRE & EXHAUST CENTRE LIMITED

PAT LAVERY TYRE & EXHAUST CENTRE LIMITED - Company Information

05814683 PAT LAVERY TYRE & EXHAUST CENTRE LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 05814683 2015-06-01 2016-05-31 05814683 2016-05-31 05814683 2015-05-31 05814683 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 05814683 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 05814683

PAT LAVERY TYRE & EXHAUST CENTRE LIMITED

Abbreviated Accounts

31 May 2016

PAT LAVERY TYRE & EXHAUST CENTRE LIMITED Registered Number 05814683

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	75,163	79,284
		75,163	79,284
Current assets
Stocks		33,781	48,124
Debtors		1,459	2,651
Cash at bank and in hand		131,916	79,469
		167,156	130,244
Creditors: amounts falling due within one year		(51,667)	(41,007)
Net current assets (liabilities)		115,489	89,237
Total assets less current liabilities		190,652	168,521
Creditors: amounts falling due after more than one year		(13,747)	(16,408)
Total net assets (liabilities)		176,905	152,113
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		176,904	152,112
Shareholders' funds		176,905	152,113

For the year ending 31 May 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 28 February 2017

And signed on their behalf by:
T A RICHARDSON, Director

PAT LAVERY TYRE & EXHAUST CENTRE LIMITED Registered Number 05814683

Notes to the Abbreviated Accounts for the period ended 31 May 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 net invoiced sales of goods, excluding VAT

Tangible assets depreciation policy
Tangible assets are depreciated by annual instalments over their estimated useful lives:
Plant and machinery 20% reducing balance
Fixtures and fittings 20% reducing balance
Office equipment 25% reducing balance
Motor vehicles 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2015	167,386
Additions	10,233
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	177,619
Depreciation
At 1 June 2015	88,102
Charge for the year	14,354
On disposals	-
At 31 May 2016	102,456
Net book values
At 31 May 2016	75,163
At 31 May 2015	79,284

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1

There was no change in share capital during the year