Whitecroft Garage Limited - Abbreviated accounts 16.1

Whitecroft Garage Limited - Abbreviated accounts 16.1

WHITECROFT GARAGE LIMITED - Company Information

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REGISTERED NUMBER: 09631486 (England and Wales)















Abbreviated Unaudited Accounts

for the Period 10 June 2015 to 30 June 2016

for

Whitecroft Garage Limited

Whitecroft Garage Limited (Registered number: 09631486)






Contents of the Abbreviated Accounts
for the Period 10 June 2015 to 30 June 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Whitecroft Garage Limited

Company Information
for the Period 10 June 2015 to 30 June 2016







DIRECTORS: G Lever
Mrs A Lever





SECRETARY:





REGISTERED OFFICE: Whitecroft Garage
Lucy Street
Bolton
Lancashire
BL1 5PU





REGISTERED NUMBER: 09631486 (England and Wales)





ACCOUNTANTS: Dawson & Co
Suite 9, Rockfield House
512 Darwen Road
Bromley Cross
Bolton
Lancashire
BL7 9DX
Page 1
Whitecroft Garage Limited (Registered number: 09631486)

Abbreviated Balance Sheet
30 June 2016

Notes £    £   
FIXED ASSETS
Intangible assets 2 190,000
Tangible assets 3 17,991
207,991

CURRENT ASSETS
Stocks 250
Debtors 1
Cash at bank 64,739
64,990
CREDITORS
Amounts falling due within one year 205,157
NET CURRENT LIABILITIES (140,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
67,824

PROVISIONS FOR LIABILITIES 3,575
NET ASSETS 64,249

CAPITAL AND RESERVES
Called up share capital 4 101
Profit and loss account 64,148
SHAREHOLDERS' FUNDS 64,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these abbreviated accounts

Page 2 continued...
Whitecroft Garage Limited (Registered number: 09631486)

Abbreviated Balance Sheet - continued
30 June 2016


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 Board of Directors on 27 September 2016 and were signed on its behalf by:





G Lever - Director


The notes form part of these abbreviated accounts

Page 3
Whitecroft Garage Limited (Registered number: 09631486)

Notes to the Abbreviated Accounts
for the Period 10 June 2015 to 30 June 2016

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 0, is being amortised evenly over its estimated useful life of nil 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 - 33% on cost, 25% on reducing balance and 15% on 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 200,000
At 30 June 2016 200,000
AMORTISATION
Amortisation for period 10,000
At 30 June 2016 10,000
NET BOOK VALUE

At 30 June 2016 190,000

Page 4 continued...
Whitecroft Garage Limited (Registered number: 09631486)

Notes to the Abbreviated Accounts - continued
for the Period 10 June 2015 to 30 June 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 23,925
At 30 June 2016 23,925
DEPRECIATION
Charge for period 5,934
At 30 June 2016 5,934
NET BOOK VALUE
At 30 June 2016 17,991

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 ORDINARY 1 100
1 ORDINARY A £1 1
101

The following shares were issued during the period for cash at par :

100 ORDINARY shares of 1
1 ORDINARY A share of £1

Page 5