On Site Tyres (Eaton Socon) Ltd - Limited company - abbreviated - 11.0.0

On Site Tyres (Eaton Socon) Ltd - Limited company - abbreviated - 11.0.0

ON SITE TYRES (EATON SOCON) LTD. - Company Information

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05214188 1.11.12 31.10.13 31.10.13 Company accounts Private Limited Company FY true false true false true false false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure052141882012-10-31052141882013-10-31052141882012-11-012013-10-31052141882011-10-31052141882011-11-012012-10-31052141882012-10-3105214188ns12:England2012-11-012013-10-3105214188ns14:PoundSterling2012-11-012013-10-3105214188ns7:Director12012-11-012013-10-3105214188ns7:Director22012-11-012013-10-3105214188ns7:OrdinaryShareClass12012-11-012013-10-3105214188ns7:CompanySecretary2012-11-012013-10-3105214188ns7:RegisteredOffice2012-11-012013-10-3105214188ns7:EntityAccountantsOrAuditors2012-11-012013-10-3105214188ns5:PlantMachinery2012-11-012013-10-3105214188ns5:MotorVehicles2012-11-012013-10-3105214188ns7:OrdinaryShareClass12013-10-3105214188ns7:OrdinaryShareClass12012-10-31
REGISTERED NUMBER: 05214188 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

ON SITE TYRES (EATON SOCON) LTD

ON SITE TYRES (EATON SOCON) LTD (REGISTERED NUMBER: 05214188)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ON SITE TYRES (EATON SOCON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2013







DIRECTORS: Mr A R Jackson
Mr R Stockley





SECRETARY: Mr A R Jackson





REGISTERED OFFICE: Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP





REGISTERED NUMBER: 05214188 (England and Wales)





ACCOUNTANTS: Davey Grover Limited
Chartered Certified Accountants
Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP
Page 1
ON SITE TYRES (EATON SOCON) LTD (REGISTERED NUMBER: 05214188)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 6,000 12,000
Tangible assets 3 24,442 30,710
30,442 42,710

CURRENT ASSETS
Stocks 16,150 18,750
Debtors 107,788 93,197
Cash at bank 36,734 29,494
160,672 141,441
CREDITORS
Amounts falling due within one year 138,226 122,336
NET CURRENT ASSETS 22,446 19,105
TOTAL ASSETS LESS CURRENT
LIABILITIES
52,888
61,815

PROVISIONS FOR LIABILITIES 4,099 5,180
NET ASSETS 48,789 56,635

CAPITAL AND RESERVES
Called up share capital 4 200 200
Profit and loss account 48,589 56,435
SHAREHOLDERS' FUNDS 48,789 56,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
ON SITE TYRES (EATON SOCON) LTD (REGISTERED NUMBER: 05214188)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2013


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 4 July 2014 and were signed on its behalf by:




Mr R Stockley - Director



Mr A R Jackson - Director


The notes form part of these abbreviated accounts

Page 3
ON SITE TYRES (EATON SOCON) LTD (REGISTERED NUMBER: 05214188)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2013

1. ACCOUNTING POLICIES

Accounting convention
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
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2012
and 31 October 2013 60,000
AMORTISATION
At 1 November 2012 48,000
Amortisation for year 6,000
At 31 October 2013 54,000
NET BOOK VALUE

At 31 October 2013 6,000
At 31 October 2012 12,000

Page 4 continued...
ON SITE TYRES (EATON SOCON) LTD (REGISTERED NUMBER: 05214188)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2012 57,057
Additions 500
At 31 October 2013 57,557
DEPRECIATION
At 1 November 2012 26,347
Charge for year 6,768
At 31 October 2013 33,115
NET BOOK VALUE
At 31 October 2013 24,442
At 31 October 2012 30,710

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
200 Ordinary £1 200 200

5. RELATED PARTY DISCLOSURES

During the year, total dividends of £47,500 (2012 - £19,000) were paid to the directors .

The directors have provided the company with interest free loans during the period and at the 31 October 2013
the following balances were owed as follows:

Mr A R Jackson £63,828

Mr R Stockley £2,334

Page 5