Abbreviated Company Accounts - JOHN TOOVEY ROAD AND RACE LIMITED

JOHN TOOVEY ROAD AND RACE LIMITED - Company Information

05753552 JOHN TOOVEY ROAD AND RACE LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 05753552 2013-04-01 2014-03-31 05753552 2014-03-31 05753552 2013-03-31 05753552 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 05753552 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 05753552

JOHN TOOVEY ROAD AND RACE LIMITED

Abbreviated Accounts

31 March 2014

JOHN TOOVEY ROAD AND RACE LIMITED Registered Number 05753552

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	4,879	5,421
		4,879	5,421
Current assets
Stocks		3,500	4,000
Debtors		-	880
Cash at bank and in hand		26,487	26,727
		29,987	31,607
Creditors: amounts falling due within one year		(28,061)	(33,379)
Net current assets (liabilities)		1,926	(1,772)
Total assets less current liabilities		6,805	3,649
Creditors: amounts falling due after more than one year		(327)	(1,779)
Total net assets (liabilities)		6,478	1,870
Capital and reserves
Called up share capital	3	4	3
Profit and loss account		6,474	1,867
Shareholders' funds		6,478	1,870

For the year ending 31 March 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 1 November 2014

And signed on their behalf by:
C Toovey, Director

JOHN TOOVEY ROAD AND RACE LIMITED Registered Number 05753552

Notes to the Abbreviated Accounts for the period ended 31 March 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 10% reducing balance

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 April 2013	10,493
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	10,493
Depreciation
At 1 April 2013	5,072
Charge for the year	542
On disposals	-
At 31 March 2014	5,614
Net book values
At 31 March 2014	4,879
At 31 March 2013	5,421

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

	2014 £	2013 £
4 A Ordinary shares of £1 each (3 shares for 2013)	4	3