MERCURY GARAGE/WARSOP VALE TYRE SERVICE LIMITED

MERCURY GARAGE/WARSOP VALE TYRE SERVICE LIMITED

MERCURY GARAGE/WARSOP VALE TYRE SERVICE LIMITED - Company Information

Print Friendly Version

MERCURY GARAGE/WARSOP VALE TYRE SERVICE LIMITED

Company Registration Number:
04330763 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2017

Period of accounts

Start date: 29 February 2016

End date: 28 February 2017

MERCURY GARAGE/WARSOP VALE TYRE SERVICE LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2017

Balance sheet
Notes

MERCURY GARAGE/WARSOP VALE TYRE SERVICE LIMITED

Balance sheet

As at 28 February 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 245,673 253,623
Total fixed assets: 245,673 253,623
Current assets
Stocks: 9,000 7,501
Debtors:   10,396 5,529
Cash at bank and in hand:   13,714
Total current assets: 19,396 26,744
Creditors: amounts falling due within one year:   (58,540) (48,295)
Net current assets (liabilities): (39,144) (21,551)
Total assets less current liabilities: 206,529 232,072
Creditors: amounts falling due after more than one year:   (111,266) (116,845)
Provision for liabilities: (3,115) (3,115)
Total net assets (liabilities): 92,148 112,112
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 92,048 112,012
Shareholders funds: 92,148 112,112

The notes form part of these financial statements

MERCURY GARAGE/WARSOP VALE TYRE SERVICE LIMITED

Balance sheet statements

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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 December 2017
and signed on behalf of the board by:

Name: Mr John Griffiths
Status: Director

The notes form part of these financial statements

MERCURY GARAGE/WARSOP VALE TYRE SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MERCURY GARAGE/WARSOP VALE TYRE SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2017

2. Employees

2017 2016
Average number of employees during the period 6 6

MERCURY GARAGE/WARSOP VALE TYRE SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2017


3. Tangible Assets

Total
Cost £
At 29 February 2016 317,198
At 28 February 2017 317,198
Depreciation
At 29 February 2016 63,575
Charge for year 7,950
At 28 February 2017 71,525
Net book value
At 28 February 2017 245,673
At 28 February 2016 253,623

MERCURY GARAGE/WARSOP VALE TYRE SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2017

4. Changes in presentation and prior period adjustments

The prior year adjustment represents a correction to dividends and directors current account in 2016.