Abbreviated Company Accounts - LINTON VILLAGE MOTORS LIMITED

LINTON VILLAGE MOTORS LIMITED - Company Information

Registered Number 03598025

LINTON VILLAGE MOTORS LIMITED

Abbreviated Accounts

31 July 2016

LINTON VILLAGE MOTORS LIMITED Registered Number 03598025

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	6,608	9,260
		6,608	9,260
Current assets
Stocks		3,750	3,750
Debtors		4,308	9,275
Cash at bank and in hand		17,369	18,299
		25,427	31,324
Creditors: amounts falling due within one year		(31,890)	(32,448)
Net current assets (liabilities)		(6,463)	(1,124)
Total assets less current liabilities		145	8,136
Total net assets (liabilities)		145	8,136
Capital and reserves
Called up share capital		100	100
Profit and loss account		45	8,036
Shareholders' funds		145	8,136

For the year ending 31 July 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 21 April 2017

And signed on their behalf by:
Mr R Stock, Director

LINTON VILLAGE MOTORS LIMITED Registered Number 03598025

Notes to the Abbreviated Accounts for the period ended 31 July 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 January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% straight line
Office equipment 25% straight line
Motor vehicles 25% reducing balance

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets

	£
Cost
At 1 August 2015	78,388
Additions	250
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	78,638
Depreciation
At 1 August 2015	69,128
Charge for the year	2,902
On disposals	-
At 31 July 2016	72,030
Net book values
At 31 July 2016	6,608
At 31 July 2015	9,260