Abbreviated Company Accounts - PORTSMOUTH MOTOR COMPANY LIMITED

PORTSMOUTH MOTOR COMPANY LIMITED - Company Information

05189015 PORTSMOUTH MOTOR COMPANY LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 05189015 2013-08-01 2014-07-31 05189015 2014-07-31 05189015 2013-07-31 05189015 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 05189015 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 05189015

PORTSMOUTH MOTOR COMPANY LIMITED

Abbreviated Accounts

31 July 2014

PORTSMOUTH MOTOR COMPANY LIMITED Registered Number 05189015

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	6,474	5,362
		6,474	5,362
Current assets
Stocks		12,611	2,122
Debtors		8,180	-
Cash at bank and in hand		22,254	40,993
		43,045	43,115
Creditors: amounts falling due within one year		(20,591)	(17,968)
Net current assets (liabilities)		22,454	25,147
Total assets less current liabilities		28,928	30,509
Total net assets (liabilities)		28,928	30,509
Capital and reserves
Called up share capital	3	200	200
Profit and loss account		28,728	30,309
Shareholders' funds		28,928	30,509

For the year ending 31 July 2014 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 10 November 2014

And signed on their behalf by:
M A Mihell, Director

PORTSMOUTH MOTOR COMPANY LIMITED Registered Number 05189015

Notes to the Abbreviated Accounts for the period ended 31 July 2014

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.

2Tangible fixed assets

	£
Cost
At 1 August 2013	11,940
Additions	3,270
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	15,210
Depreciation
At 1 August 2013	6,578
Charge for the year	2,158
On disposals	-
At 31 July 2014	8,736
Net book values
At 31 July 2014	6,474
At 31 July 2013	5,362

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
200 Ordinary shares of £1 each	200	200