Abbreviated Company Accounts - MY NEW MOTOR LTD

Registered Number 09155584

MY NEW MOTOR LTD

Abbreviated Accounts

31 July 2016

MY NEW MOTOR LTD Registered Number 09155584

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	8,690	1,920
		8,690	1,920
Current assets
Stocks		192,064	33,185
Cash at bank and in hand		15,850	250
		207,914	33,435
Creditors: amounts falling due within one year		(73,766)	(14,501)
Net current assets (liabilities)		134,148	18,934
Total assets less current liabilities		142,838	20,854
Creditors: amounts falling due after more than one year		(32,880)	(2,400)
Total net assets (liabilities)		109,958	18,454
Capital and reserves
Called up share capital		1	1
Profit and loss account		109,957	18,453
Shareholders' funds		109,958	18,454

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 26 April 2017

And signed on their behalf by:
G Arnold, Director

MY NEW MOTOR LTD Registered Number 09155584

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 April 2008.

Turnover policy
The whole turnover and profit before taxation is attributable to the one principal activity of the company, the sale of used cars within the United Kingdom.

2Tangible fixed assets

	£
Cost
At 1 August 2015	1,920
Additions	8,942
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	10,862
Depreciation
At 1 August 2015	-
Charge for the year	2,172
On disposals	-
At 31 July 2016	2,172
Net book values
At 31 July 2016	8,690
At 31 July 2015	1,920