ONE_2_ONE_CAR_AUDIO_AND_V - Accounts

ONE 2 ONE CAR AUDIO LIMITED - Company Information

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Company Registration No. 05920106 (England and Wales)

ONE 2 ONE CAR AUDIO AND VALETING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

ONE 2 ONE CAR AUDIO AND VALETING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ONE 2 ONE CAR AUDIO AND VALETING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,267

2,810

Current assets

Stocks

500

850

Debtors

2,276

1,830

Cash at bank and in hand

8,275

7,895

11,051

10,575

Creditors: amounts falling due within one year

(28,954)

(30,072)

Net current liabilities

(17,903)

(19,497)

Total assets less current liabilities

(15,636)

(16,687)

Capital and reserves

Called up share capital

Profit and loss account

(15,637)

(16,688)

Shareholders' funds

(15,636)

(16,687)

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 August 2017

Mr Paul Taylor

Director

Company Registration No. 05920106

ONE 2 ONE CAR AUDIO AND VALETING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The director has given an undertaking that he will provide, both directly and indirectly, sufficient funds to enable the company to meet its day to day working capital requirements.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 December 2015 & at 30 November 2016

17,919

Depreciation

At 1 December 2015

15,109

Charge for the year

543

At 30 November 2016

15,652

Net book value

At 30 November 2016

2,267

At 30 November 2015

2,810

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary of £1 each