Formby M.O.T. And Service Centre Limited - Period Ending 2014-06-30

Registration number: 02374587

Formby M.O.T. And Service Centre Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Stubbs Parkin Taylor & Co
Chartered Accountants
18a London Street
Southport
Merseyside
PR9 0UE

Formby M.O.T. And Service Centre Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Formby M.O.T. And Service Centre Limited
(Registration number: 02374587)
Abbreviated Balance Sheet at 30 June 2014

		Note			2014 £						2013 £
	£			£			£			£
Fixed assets
Tangible fixed assets								65,203						76,214
Current assets
Stocks					2,000						2,000
Debtors					24,836						20,496
Cash at bank and in hand					81,082						59,339
					107,918						81,835
Creditors: Amounts falling due within one year					(101,476)						(91,415)
Net current assets/(liabilities)								6,442						(9,580)
Net assets								71,645						66,634
Capital and reserves
Called up share capital		3			100						100
Profit and loss account					71,545						66,534
Shareholders' funds								71,645						66,634

For the year ending 30 June 2014 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 6 October 2014 and signed on its behalf by:

.........................................
Mr J D Walker
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Formby M.O.T. And Service Centre Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & machinery	10% reducing balance
Fixtures & fittings	10% reducing balance
Motor vehicles	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Formby M.O.T. And Service Centre Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2013		146,668			146,668
Additions		1,106			1,106
Disposals		(15,560)			(15,560)
At 30 June 2014		132,214			132,214
Depreciation
At 1 July 2013		70,454			70,454
Charge for the year		8,869			8,869
Eliminated on disposals		(12,312)			(12,312)
At 30 June 2014		67,011			67,011
Net book value
At 30 June 2014		65,203			65,203
At 30 June 2013		76,214			76,214

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3