Cora Car Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05622922 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2016

for

Cora Car Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr D Smith

REGISTERED OFFICE:

1 Waterloo Road

Waterloo

Liverpool

Merseyside

L22 1RE

REGISTERED NUMBER:

05622922 (England and Wales)

ACCOUNTANTS:

Verinder & Associates

Chartered Certified Accountants

and Chartered Accountants

1-3 Crosby Road South

Waterloo

Liverpool

Merseyside

L22 1RG

FIXED ASSETS

Tangible assets

2

62,516

62,983

CURRENT ASSETS

Cash at bank

11,598

2,328

CREDITORS

Amounts falling due within one year

11,015

6,081

NET CURRENT ASSETS/(LIABILITIES)

583

(3,753

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

63,099

59,230

CREDITORS

Amounts falling due after more than one
year

(35,444

)

(41,756

)

ACCRUALS AND DEFERRED INCOME

(720

)

(720

)

NET ASSETS

26,935

16,754

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

26,735

16,554

SHAREHOLDERS' FUNDS

26,935

16,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 August 2017 and were signed by:

Mr D Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

73,009

DEPRECIATION

At 1 December 2015

10,026

Charge for year

467

At 30 November 2016

10,493

NET BOOK VALUE

At 30 November 2016

62,516

At 30 November 2015

62,983

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

200

Ordinary

£1

200