PC Autocare Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07326750 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

PC AUTOCARE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Cummings

Mrs N Cummings

SECRETARY:

Mrs N Cummings

REGISTERED OFFICE:

Quayside House 5 Highland Terrace

Barrington Street

Tiverton

Devon

EX16 6PT

REGISTERED NUMBER:

07326750 (England and Wales)

ACCOUNTANTS:

William Withers & Co

Quayside House

Highland Terrace

Barrington Street

TIVERTON

Devon

EX16 6PT

FIXED ASSETS

Intangible assets

4

70,000

86,667

Tangible assets

5

781,102

519,494

851,102

606,161

CURRENT ASSETS

Debtors

2,409

2,699

Cash at bank

201,065

285,855

203,474

288,554

CREDITORS

Amounts falling due within one year

96,277

92,946

NET CURRENT ASSETS

107,197

195,608

TOTAL ASSETS LESS CURRENT LIABILITIES

958,299

801,769

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

958,297

801,767

SHAREHOLDERS' FUNDS

958,299

801,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 January 2018 and were signed on its behalf by:

P Cummings - Director

1.	STATUTORY INFORMATION

PC Autocare 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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 6 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2016

and 31 July 2017

186,667

AMORTISATION

At 1 August 2016

100,000

Amortisation for year

16,667

At 31 July 2017

116,667

NET BOOK VALUE

At 31 July 2017

70,000

At 31 July 2016

86,667

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2016

558,134

Additions

273,348

At 31 July 2017

831,482

DEPRECIATION

At 1 August 2016

38,640

Charge for year

11,740

At 31 July 2017

50,380

NET BOOK VALUE

At 31 July 2017

781,102

At 31 July 2016

519,494