Hamiltons Car Storage Limited - Accounts to registrar - small 17.2

Hamiltons Car Storage Limited - Accounts to registrar - small 17.2

HAMILTONS CAR STORAGE LIMITED - Company Information

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REGISTERED NUMBER: 05864942 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

HAMILTONS CAR STORAGE LIMITED

HAMILTONS CAR STORAGE LIMITED (REGISTERED NUMBER: 05864942)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

HAMILTONS CAR STORAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTOR: G H Wilson





SECRETARY: Mrs S M Wilson





REGISTERED OFFICE: 7/8 Eghams Court
Boston Drive
Bourne End
Buckinghamshire
SL8 5YS





BUSINESS ADDRESS: Lower Bottom House Farm
Bottom House Farm Lane
Chalfont St Giles
Buckinghamshire
HP8 4EF





REGISTERED NUMBER: 05864942 (England and Wales)





ACCOUNTANTS: M R Salvage Limited
Chartered Accountants
7/8 Eghams Court
Boston Drive
Bourne End
Buckinghamshire
SL8 5YS
Page 1
HAMILTONS CAR STORAGE LIMITED (REGISTERED NUMBER: 05864942)

ABRIDGED BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,772 111,444

CURRENT ASSETS
Debtors 376,163 262,263
Prepayments and accrued income 34,475 34,475
Cash at bank and in hand - 94,959
410,638 391,697
CREDITORS
Amounts falling due within one year 107,457 155,370
NET CURRENT ASSETS 303,181 236,327
TOTAL ASSETS LESS CURRENT
LIABILITIES
438,953
347,771

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 438,952 347,770
SHAREHOLDERS' FUNDS 438,953 347,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 31 March 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 27 September 2017 and were signed by:





G H Wilson - Director


The notes form part of these financial statements

Page 2
HAMILTONS CAR STORAGE LIMITED (REGISTERED NUMBER: 05864942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Hamiltons Car Storage Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The date of transition to Financial Reporting Standard 102 was 1 April 2015 and there were no
adjustments arising on transition.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Financial instruments
The company uses certain financial instruments in its normal operating and investing activities, which
are deemed appropriate to its circumstances, such as trade receivables and trade payables, cash at
bank deposits and bank overdrafts, loans and equity shares. Financial assets and liabilities are
recognised on the company's balance sheet at amortised cost when the company has become a party
to the contractual provisions of the instrument.

Page 3 continued...
HAMILTONS CAR STORAGE LIMITED (REGISTERED NUMBER: 05864942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016 235,366
Additions 53,207
At 31 March 2017 288,573
DEPRECIATION
At 1 April 2016 123,922
Charge for year 28,879
At 31 March 2017 152,801
NET BOOK VALUE
At 31 March 2017 135,772
At 31 March 2016 111,444

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and
31 March 2016:

2017 2016
£    £   
G H Wilson
Balance outstanding at start of year 158,422 39,225
Amounts advanced 31,728 180,243
Amounts repaid - (61,046 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 190,150 158,422

6. RELATED PARTY DISCLOSURES

At the balance sheet date £101,799 (2016: nil) was owed by Landmaze Limited a company under the
common control of the director G H Wilson. The loan is interest free with no fixed repayment terms.

At the balance sheet date £9,368 (2016: £7260) was owed by Lower Bottom House Farm, a business
owned by by the director G H Wilson.

During the year rent of £48,000 (2016: £48,000) was paid on an arms length basis to Lower Bottom
House Farm a business owned by the director G H Wilson.

7. POST BALANCE SHEET EVENTS

A dividend of £50,000 was paid after the balance sheet date.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HAMILTONS CAR STORAGE LIMITED

The following reproduces the text of the report prepared for the director and members in respect of
the company's annual unaudited financial statements. In accordance with the Companies Act 2006,
the company is only required to file a Balance Sheet. Readers are cautioned that the Income
Statement and certain other primary statements and the Report of the Director are not required to be
filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of Hamiltons Car Storage Limited for the year ended 31 March 2017 which comprise
the Income Statement, Abridged Balance Sheet, and the related notes from the company's accounting
records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hamiltons Car Storage Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hamiltons Car Storage Limited and state those matters that we have agreed to state to the director of Hamiltons Car Storage Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hamiltons Car Storage Limited director for our work or for this report.

It is your duty to ensure that Hamiltons Car Storage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hamiltons Car Storage Limited. You consider that Hamiltons Car Storage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hamiltons Car Storage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M R Salvage Limited
Chartered Accountants
7/8 Eghams Court
Boston Drive
Bourne End
Buckinghamshire
SL8 5YS


27 September 2017

This page does not form part of the statutory financial statements

Page 5