Micro-entity Accounts - WITLEY STATION GARAGE LIMITED

WITLEY STATION GARAGE LIMITED - Company Information

04625665 WITLEY STATION GARAGE LIMITED 2017-02-28 false 2016-02-29 2017-02-28 true 04625665 2016-02-29 2017-02-28 04625665 2017-02-28 04625665 2016-02-28 04625665 uk-gaap-cd-bus:Director1 2016-02-29 2017-02-28 04625665 uk-gaap-cd-bus:Director2 2016-02-29 2017-02-28 04625665 uk-gaap-cd-bus:AllEntityOfficers 2016-02-29 2017-02-28 iso4217:GBP shares

Registered Number 04625665

WITLEY STATION GARAGE LIMITED

Micro-entity Accounts

28 February 2017

WITLEY STATION GARAGE LIMITED Registered Number 04625665

Micro-entity Balance Sheet as at 28 February 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	56,344	70,740
		56,344	70,740
Current assets
Stocks		65,743	65,500
Debtors		37,112	41,994
Cash at bank and in hand		3,897	7,035
		106,752	114,529
Prepayments and accrued income		16,600	16,600
Creditors: amounts falling due within one year		(136,849)	(124,651)
Net current assets (liabilities)		(13,497)	6,478
Total assets less current liabilities		42,847	77,218
Creditors: amounts falling due after more than one year		(99,513)	(129,503)
Total net assets (liabilities)		(56,666)	(52,285)
Capital and reserves
Called up share capital		4	4
Profit and loss account		(56,670)	(52,289)
Shareholders' funds		(56,666)	(52,285)

For the year ending 28 February 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 November 2017

And signed on their behalf by:
L Howard, Director

WITLEY STATION GARAGE LIMITED Registered Number 04625665

Notes to the Micro-entity Accounts for the period ended 28 February 2017

1Tangible fixed assets

	£
Cost
At 29 February 2016	203,371
Additions	6,579
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2017	209,950
Depreciation
At 29 February 2016	132,631
Charge for the year	20,975
On disposals	-
At 28 February 2017	153,606
Net book values
At 28 February 2017	56,344
At 28 February 2016	70,740

2Accounting 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 amounts chargeable, net of value added tax, in respect of the sale goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful life as follows:
Motor vehicles 25% reducing balance
Office equipment 25% reducing balance
Plant & machinery 25% reducing balance