Matthew Seare Motors Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08656988 (England and Wales)

MATTHEW SEARE MOTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M R Seare

Mrs N Seare

SECRETARY:

REGISTERED OFFICE:

Hillview Business Centre

2 Leybourne Avenue

Bournemouth

Dorset

BH10 6HF

REGISTERED NUMBER:

08656988 (England and Wales)

ACCOUNTANTS:

Alan W. Simons & Co.

Chartered Accountants

Hillview Business Centre

2 Leybourne Avenue

Bournemouth

Dorset

BH10 6HF

FIXED ASSETS

Tangible assets

4

18,754

25,005

CURRENT ASSETS

Cash at bank

15,130

18,553

CREDITORS

Amounts falling due within one year

5

33,446

43,362

NET CURRENT LIABILITIES

(18,316

)

(24,809

)

TOTAL ASSETS LESS CURRENT LIABILITIES

438

196

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

436

194

SHAREHOLDERS' FUNDS

438

196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 July 2017 and were signed on its behalf by:

Mr M R Seare - Director

1.	STATUTORY INFORMATION

Matthew Seare Motors Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on reducing balance

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

52,265

1,016

193

53,474

DEPRECIATION

At 1 April 2016

27,759

517

193

28,469

Charge for year

6,126

125

-

6,251

At 31 March 2017

33,885

642

193

34,720

NET BOOK VALUE

At 31 March 2017

18,380

374

-

18,754

At 31 March 2016

24,506

499

-

25,005

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

10

10

Other creditors

33,436

43,352

33,446

43,362