Abbreviated Company Accounts - DAVID STUBBS MOTORS LIMITED

DAVID STUBBS MOTORS LIMITED - Company Information

04951346 DAVID STUBBS MOTORS LIMITED 2016-11-30 false 2015-12-01 2016-11-30 true 04951346 2015-12-01 2016-11-30 04951346 2016-11-30 04951346 2015-11-30 04951346 uk-gaap-cd-bus:Director1 2015-12-01 2016-11-30 04951346 uk-gaap-cd-bus:Director2 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 iso4217:GBP shares

Registered Number 04951346

DAVID STUBBS MOTORS LIMITED

Abbreviated Accounts

30 November 2016

DAVID STUBBS MOTORS LIMITED Registered Number 04951346

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	272,407	266,190
		272,407	266,190
Current assets
Stocks		7,423	8,000
Debtors		18,416	14,086
Cash at bank and in hand		1,832	2,772
		27,671	24,858
Creditors: amounts falling due within one year		(53,351)	(41,826)
Net current assets (liabilities)		(25,680)	(16,968)
Total assets less current liabilities		246,727	249,222
Creditors: amounts falling due after more than one year		(137,154)	(149,978)
Provisions for liabilities		(7,000)	(2,750)
Total net assets (liabilities)		102,573	96,494
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		102,473	96,394
Shareholders' funds		102,573	96,494

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 21 August 2017

And signed on their behalf by:
D J Stubbs, Director

DAVID STUBBS MOTORS LIMITED Registered Number 04951346

Notes to the Abbreviated Accounts for the period ended 30 November 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided to write off each asset over its estimated useful life
Plant & machinery 25% on reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving itms

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Intangible fixed assets

	£
Cost
At 1 December 2015	17,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	17,500
Amortisation
At 1 December 2015	17,500
Charge for the year	-
On disposals	-
At 30 November 2016	17,500
Net book values
At 30 November 2016	0
At 30 November 2015	0

3Tangible fixed assets

	£
Cost
At 1 December 2015	374,377
Additions	25,396
Disposals	(21,094)
Revaluations	-
Transfers	-
At 30 November 2016	378,679
Depreciation
At 1 December 2015	108,187
Charge for the year	16,414
On disposals	(18,329)
At 30 November 2016	106,272
Net book values
At 30 November 2016	272,407
At 30 November 2015	266,190

4Called Up Share Capital
Allotted, called up and fully paid:

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