Clichy Car Sales Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06174081 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

CLICHY CAR SALES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs S Spyrou

SECRETARY:

Mr S Spyrou

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

06174081 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

129

172

CURRENT ASSETS

Stocks

5

86,791

125,591

Debtors

6

89,401

44,705

Cash at bank and in hand

7,099

21,715

183,291

192,011

CREDITORS

Amounts falling due within one year

7

138,019

161,000

NET CURRENT ASSETS

45,272

31,011

TOTAL ASSETS LESS CURRENT LIABILITIES

45,401

31,183

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

45,400

31,182

SHAREHOLDERS' FUNDS

45,401

31,183

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 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.

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 29 December 2017 and were signed by:

Mrs S Spyrou - Director

1.	STATUTORY INFORMATION

Clichy Car Sales 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover represents amounts derived from the sale of goods to customers during the year, and is recognised at

the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade

discounts and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

1,500

440

1,940

DEPRECIATION

At 1 April 2016

1,387

381

1,768

Charge for year

28

15

43

At 31 March 2017

1,415

396

1,811

NET BOOK VALUE

At 31 March 2017

85

44

129

At 31 March 2016

113

59

172

5.

STOCKS

31.3.17

31.3.16

£

£

Stocks

86,791

125,591

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

85,696

44,705

VAT

3,705

-

89,401

44,705

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

22,708

39,578

Tax

7,550

1,967

VAT

-

2,252

Clichy Car Services Ltd

104,761

114,203

Accrued expenses

3,000

3,000

138,019

161,000

8.	RELATED PARTY DISCLOSURES

During the year Clichy Car Services Limited gave Clichy Car Sales Limited an interest free loan that is repayable

on demand.

9.	CONTROLLING PARTY