Quay Garage (Braunton) Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05651956 (England and Wales)

Unaudited Financial Statements

for the Year Ended 9 May 2017

for

Quay Garage (Braunton) Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs P J Woollacott

SECRETARY:

Mr I S Woollacott

REGISTERED OFFICE:

69 High Street

Bideford

Devon

EX39 2AT

REGISTERED NUMBER:

05651956 (England and Wales)

ACCOUNTANTS:

R T Marke & Co Ltd

Chartered Accountants

69 High Street

Bideford

Devon

EX39 2AT

CURRENT ASSETS

Debtors

831

831

CREDITORS

Amounts falling due within one year

5,246

5,198

NET CURRENT LIABILITIES

(4,415

)

(4,367

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,415

)

(4,367

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Retained earnings

(4,416

)

(4,368

)

SHAREHOLDERS' FUNDS

(4,415

)

(4,367

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 9 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 9 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 9 May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 September 2017 and were signed by:

Mrs P J Woollacott - Director

1.	STATUTORY INFORMATION

Quay Garage (Braunton) Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company is not trading. The financial statements have been prepared on a break up basis. Accordingly, full

provision has been made in these account for all known liabilities and anticipated losses on realisation of assets.

This is in accordance with the provisions of FRS 102 Section 1A small entities and the Companies Act 2006.

The principal accounting policies adopted in the preparation of the financial statements are set out below and

remain unchanged from the previous period, and also have been consistently applied within the same accounts.

These financial statements are the first financial statements to comply with FRS 102 Section 1A small entities.

The date of transition is the first day of the previous accounting period.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary

£1

1

1

5.	EMPLOYEES AND DIRECTORS

There were no employees under contracts of employment in force at any time either during the current or

preceding year.

6.	GOING CONCERN

The company ceased trading on 9 May 2013. Consequently all assets and liabilities have been written down to

their realisable values.

7.	FIRST YEAR ADOPTION

No adjustments to accounting policies or equity have been required as a result of the transition to FRS 102

Section 1A in these financial statements.