Accounts Submission

Accounts Submission

M. A. WHITE (CAR SALES) LIMITED - Company Information

Print Friendly Version

M. A. WHITE (CAR SALES) LIMITED

Company Registration Number:
06616736 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 August 2015

End date: 31 July 2016

M. A. WHITE (CAR SALES) LIMITED

Abbreviated Balance sheet

As at 31 July 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 2 30,598 38,003
Total fixed assets: 30,598 38,003
Current assets
Stocks: 5,438 31,900
Debtors: 310 679
Cash at bank and in hand: 31,975 20,022
Total current assets: 37,723 52,601
Creditors: amounts falling due within one year: ( 52,579 ) ( 84,967 )
Net current assets (liabilities): ( 14,856 ) ( 32,366 )
Total assets less current liabilities: 15,742 5,637
Creditors: amounts falling due after more than one year: 0 0
Total net assets (liabilities): 15,742 5,637

The notes form part of these financial statements

M. A. WHITE (CAR SALES) LIMITED

Balance sheet continued

As at 31 July 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 2 2
Profit and loss account: 15,740 5,635
Shareholders funds: 15,742 5,637

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.

The financial statements were approved by the Board of Directors on 18 April 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Janice Irene White
Status: Director

The notes form part of these financial statements

M. A. WHITE (CAR SALES) LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements 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 and services, excluding value added tax.
    In respect of long term contracts and contracts for on going services turnover represents the value of work done in the year, including estimates of amounts not yet invoiced. Turnover in respect of long term contracts and contracts for on going services is recognised by reference to the stage of completion.

    Tangible fixed assets depreciation policy

    all assets are initially recorded at cost

M. A. WHITE (CAR SALES) LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 2. Tangible assets

    Total
    Cost £
    01 August 2015: 74,094
    Additions: 10,923
    Disposals: ( 19,265 )
    Revaluations: 0
    Transfers: 0
    31 July 2016: 65,752
    Depreciation
    01 August 2015: 36,091
    Charge for year: 10,200
    On disposals: ( 11,137 )
    Other adjustments: 0
    31 July 2016: 35,154
    Net book value
    31 July 2016: 30,598
    31 July 2015: 38,003

M. A. WHITE (CAR SALES) LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2