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

REGISTERED NUMBER: 04352997 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

CLICHY CAR SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Spyrou

SECRETARY:

Mrs S Spyrou

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

04352997 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

9,320

9,713

CURRENT ASSETS

Stocks

5

5,950

5,800

Debtors

6

179,444

225,516

Cash at bank and in hand

23,659

5,451

209,053

236,767

CREDITORS

Amounts falling due within one year

7

127,955

171,659

NET CURRENT ASSETS

81,098

65,108

TOTAL ASSETS LESS CURRENT LIABILITIES

90,418

74,821

CREDITORS

Amounts falling due after more than one year

8

42,200

47,235

NET ASSETS

48,218

27,586

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

48,118

27,486

SHAREHOLDERS' FUNDS

48,218

27,586

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.

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:

Mr S Spyrou - Director

1.	STATUTORY INFORMATION

Clichy Car Services 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 represents amounts derived from the provision of services to customers during the year, and is

recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of

VAT.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

37,925

6,938

33,447

3,904

82,214

Additions

-

-

-

2,295

2,295

At 31 March 2017

37,925

6,938

33,447

6,199

84,509

DEPRECIATION

At 1 April 2016

33,732

4,163

31,924

2,682

72,501

Charge for year

1,048

555

381

704

2,688

At 31 March 2017

34,780

4,718

32,305

3,386

75,189

NET BOOK VALUE

At 31 March 2017

3,145

2,220

1,142

2,813

9,320

At 31 March 2016

4,193

2,775

1,523

1,222

9,713

5.

STOCKS

31.3.17

31.3.16

£

£

Stocks

5,950

5,800

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

74,683

111,313

Amount due from related party

104,761

114,203

179,444

225,516

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

49,181

108,744

Tax

47,710

34,416

Social security and other taxes

1,753

1,693

VAT

20,746

16,245

Directors' current accounts

1,565

271

Accrued expenses

7,000

10,290

127,955

171,659

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans more 5 yr by instal

42,200

47,235

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

42,200

47,235

9.	RELATED PARTY DISCLOSURES

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

on demand.

10.	FIRST YEAR ADOPTION

In the transition to FRS 102 from the old UK GAAP, there were no material measurement and recognition

adjustments required.