Abbreviated Company Accounts - PRESTIGE MOTOR CORPORATION LIMITED

Abbreviated Company Accounts - PRESTIGE MOTOR CORPORATION LIMITED

PRESTIGE MOTOR CORPORATION LIMITED - Company Information

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Registered Number 03073030

PRESTIGE MOTOR CORPORATION LIMITED

Abbreviated Accounts

30 June 2014

PRESTIGE MOTOR CORPORATION LIMITED Registered Number 03073030

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 165 206
165 206
Current assets
Stocks 1,100 73,800
Debtors 460,895 294,650
Cash at bank and in hand 364,093 417,636
826,088 786,086
Creditors: amounts falling due within one year (728,846) (694,859)
Net current assets (liabilities) 97,242 91,227
Total assets less current liabilities 97,407 91,433
Total net assets (liabilities) 97,407 91,433
Capital and reserves
Called up share capital 2 2
Profit and loss account 97,405 91,431
Shareholders' funds 97,407 91,433
  • For the year ending 30 June 2014 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 7 November 2014

And signed on their behalf by:
V Hansraj, Director

PRESTIGE MOTOR CORPORATION LIMITED Registered Number 03073030

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting 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.

2Tangible fixed assets
£
Cost
At 1 July 2013 4,123
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2014 4,123
Depreciation
At 1 July 2013 3,917
Charge for the year 41
On disposals -
At 30 June 2014 3,958
Net book values
At 30 June 2014 165
At 30 June 2013 206