Ernie Page Motors Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC064647 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Ernie Page Motors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

E G R Page

J E Page

M Page

E M Stove

SECRETARY:

J E Page

REGISTERED OFFICE:

House of Lin

Clifton

Newbridge

Midlothian

EH28 8LQ

REGISTERED NUMBER:

SC064647 (Scotland)

ACCOUNTANTS:

R A Scott Wheelan & Co.

Chartered Accountants

13 Fitzroy Place

Glasgow

G3 7RW

FIXED ASSETS

Tangible assets

2

135,920

143,610

CURRENT ASSETS

Stocks

42,000

39,383

Cash at bank and in hand

738,855

720,962

780,855

760,345

CREDITORS

Amounts falling due within one year

68,721

19,965

NET CURRENT ASSETS

712,134

740,380

TOTAL ASSETS LESS CURRENT LIABILITIES

848,054

883,990

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

847,954

883,890

SHAREHOLDERS' FUNDS

848,054

883,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 October 2014 and were signed on its behalf by:

E G R Page - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

253,968

DEPRECIATION

At 1 April 2013

110,358

Charge for year

7,690

At 31 March 2014

118,048

NET BOOK VALUE

At 31 March 2014

135,920

At 31 March 2013

143,610

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary Shares

£1

100

100