Abbreviated Company Accounts - CAR RENTALS LIMITED

CAR RENTALS LIMITED - Company Information

02143908 CAR RENTALS LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 02143908 2015-11-01 2016-10-31 02143908 2016-10-31 02143908 2015-10-31 02143908 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 02143908 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 02143908

CAR RENTALS LIMITED

Abbreviated Accounts

31 October 2016

CAR RENTALS LIMITED Registered Number 02143908

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3	3
		3	3
Current assets
Stocks		918,687	-
Debtors		39,049	28,221
Cash at bank and in hand		150,368	841,088
		1,108,104	869,309
Creditors: amounts falling due within one year		(558,026)	(292,587)
Net current assets (liabilities)		550,078	576,722
Total assets less current liabilities		550,081	576,725
Total net assets (liabilities)		550,081	576,725
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		549,981	576,625
Shareholders' funds		550,081	576,725

For the year ending 31 October 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 28 July 2017

And signed on their behalf by:
C Jenner, Director

CAR RENTALS LIMITED Registered Number 02143908

Notes to the Abbreviated Accounts for the period ended 31 October 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax 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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipment 30% Reducing Balance

Other accounting policies
Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2Tangible fixed assets

	£
Cost
At 1 November 2015	8,999
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	8,999
Depreciation
At 1 November 2015	8,996
Charge for the year	-
On disposals	-
At 31 October 2016	8,996
Net book values
At 31 October 2016	3
At 31 October 2015	3

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100