Abbreviated Company Accounts - COMISKEY CARS LTD

NI613869 COMISKEY CARS LTD 2016-08-31 false 2015-09-01 2016-08-31 true NI613869 2015-09-01 2016-08-31 NI613869 2016-08-31 NI613869 2015-08-31 NI613869 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 NI613869 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:Director3 2015-09-01 2016-08-31 uk-gaap-cd-bus:Director3 2016-08-31 uk-gaap-cd-bus:Director3 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number NI613869

COMISKEY CARS LTD

Abbreviated Accounts

31 August 2016

COMISKEY CARS LTD Registered Number NI613869

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	57,964	28,439
		57,964	28,439
Current assets
Stocks		921,785	593,830
Debtors	3	23,340	29,682
Cash at bank and in hand		15,137	39,277
		960,262	662,789
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year	4	(189,988)	(52,534)
Net current assets (liabilities)		770,274	610,255
Total assets less current liabilities		828,238	638,694
Creditors: amounts falling due after more than one year	4	(579,553)	(557,389)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		248,685	81,305
Capital and reserves
Called up share capital	5	2	2
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		248,683	81,303
Shareholders' funds		248,685	81,305

For the year ending 31 August 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 30 May 2017

And signed on their behalf by:
Gareth Comiskey, Director
None, Director

COMISKEY CARS LTD Registered Number NI613869

Notes to the Abbreviated Accounts for the period ended 31 August 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
Turnover represents the total invoice value, excluding value added tax, for the year.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost, less accumulated depreciation to date. Depreciation is calculated in order to write off the cost of the fixed assets over their useful lives.

The rates by which depreciation is calculated are as follows:-

Plant and Machinery 7 years

Other accounting policies
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Tangible fixed assets

	£
Cost
At 1 September 2015	33,178
Additions	39,186
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	72,364
Depreciation
At 1 September 2015	4,739
Charge for the year	9,661
On disposals	-
At 31 August 2016	14,400
Net book values
At 31 August 2016	57,964
At 31 August 2015	28,439

Tangible fixed assets are stated at cost, less accumulated depreciation to date. Depreciation is calculated in order to write off the cost of the fixed assets over their useful lives.

3Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	23,340	29,682

4Creditors

	2016 £	2015 £
Secured Debts	579,553	557,389

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2

6Transactions with directors

Name of director receiving advance or credit:	Gareth Comiskey
Description of the transaction:	Directors Loan
Balance at 1 September 2015:	£ 557,389
Advances or credits made:	£ 22,164
Advances or credits repaid:	-
Balance at 31 August 2016:	£ 579,553

Directors Advance to the Company