Paul Leigh Autos Limited - Period Ending 2016-11-30

Registration number: 00871413

Paul Leigh Autos Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Paul Leigh Autos Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Paul Leigh Autos Limited
(Registration number: 00871413)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Fixed assets
Investments					21,072			21,072
Current assets
Cash at bank and in hand					500			-
Creditors: Amounts falling due within one year					(7,382)			(5,619)
Net current liabilities					(6,882)			(5,619)
Net assets					14,190			15,453
Capital and reserves
Called up share capital		3			1,200			1,200
Other reserves					1,060			1,060
Profit and loss account					11,930			13,193
Shareholders' funds					14,190			15,453

For the year ending 30 November 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 25 August 2017 and signed on its behalf by:

.........................................
Mr Paul Goodman Levy
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Paul Leigh Autos Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 December 2015		21,072			21,072
At 30 November 2016		21,072			21,072
Depreciation
At 30 November 2016		-			-
Net book value
At 30 November 2016		21,072			21,072
At 30 November 2015		21,072			21,072

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Ferney Auto Enginering Ltd	England & Wales	Ordinary	100%	Motor dealers

Page 2

Paul Leigh Autos Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		600			600			600			600
Ordinary 'A' shares of £1 each		600			600			600			600
		1,200			1,200			1,200			1,200

Page 3