Walkers Motors Limited Small abbreviated accounts

WALKERS MOTORS LTD - Company Information

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COMPANY REGISTRATION NUMBER 08145841

WALKERS MOTORS LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

31 July 2016

STERLING FINANCE [UK] LIMITED

Chartered Certified Accountants

Westbourne House

159 Oldham Road

Ashton Under Lyne

Lancashire

United Kingdom

OL7 9AR

WALKERS MOTORS LIMITED

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE

DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY

ACCOUNTS OF WALKERS MOTORS LIMITED

YEAR ENDED 31 JULY 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Walkers Motors Limited for the year ended 31 July 2016 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html

This report is made solely to the director of Walkers Motors Limited in accordance with the terms of our engagement letter dated 28 November 2013. Our work has been undertaken solely to prepare for your approval the abbreviated accounts of Walkers Motors Limited and state those matters that we have agreed to state to him in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Walkers Motors Limited and its director for our work or for this report.

It is your duty to ensure that Walkers Motors Limited has kept adequate accounting records and to prepare statutory abbreviated accounts that give a true and fair view of the assets, liabilities, financial position and profit of Walkers Motors Limited. You consider that Walkers Motors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the abbreviated accounts of Walkers Motors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abbreviated accounts.

STERLING FINANCE [UK] LIMITED Chartered Certified Accountants

Westbourne House 159 Oldham Road Ashton Under Lyne Lancashire United Kingdom OL7 9AR

31 March 2017

WALKERS MOTORS LIMITED

ABBREVIATED BALANCE SHEET

31 July 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Tangible assets			2,609	2,912
			-------	-------

CURRENT ASSETS

Debtors	106		-
Cash at bank and in hand	11,504		1,086
	---------		-------
	11,610		1,086
CREDITORS: Amounts falling due within one year	648		100
	---------		-------
NET CURRENT ASSETS		10,962	986
		---------	-------
TOTAL ASSETS LESS CURRENT LIABILITIES		13,571	3,898

CREDITORS: Amounts falling due after more than one year	14,635	10,013
	---------	---------
	( 1,064)	( 6,115)
	---------	---------

CAPITAL AND RESERVES

Called up equity share capital	3	100	100
Profit and loss account		( 1,164)	( 6,215)
		-------	-------
DEFICIT		( 1,064)	( 6,115)
		-------	-------

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

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 31 March 2017 .

Mr A Walker Director

Company Registration Number: 08145841

WALKERS MOTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 JULY 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery-20% Straight Line Method

Fixtures & Fittings-33% Straight Line Method

Equipment-20% Straight Line Method

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 August 2015	3,866
Additions	360
	-------
At 31 July 2016	4,226
	-------

DEPRECIATION

At 1 August 2015	954
Charge for year	663
	-------
At 31 July 2016	1,617
	-------

NET BOOK VALUE

At 31 July 2016	2,609
	-------

At 31 July 2015	2,912
	-------

3. SHARE CAPITAL

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----