Abbreviated Company Accounts - SOUTHERN AUTOMOTIVE LTD

SOUTHERN AUTOMOTIVE LTD - Company Information

06830631 SOUTHERN AUTOMOTIVE LTD 2014-02-28 false 2013-03-01 2014-02-28 true 06830631 2013-03-01 2014-02-28 06830631 2014-02-28 06830631 2013-02-28 06830631 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 06830631 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:Director3 2013-03-01 2014-02-28 uk-gaap-cd-bus:Director3 2014-02-28 uk-gaap-cd-bus:Director3 2013-02-28 uk-gaap-cd-bus:Director4 2013-03-01 2014-02-28 uk-gaap-cd-bus:Director4 2014-02-28 uk-gaap-cd-bus:Director4 2013-02-28 iso4217:GBP shares

Registered Number 06830631

SOUTHERN AUTOMOTIVE LTD

Abbreviated Accounts

28 February 2014

SOUTHERN AUTOMOTIVE LTD Registered Number 06830631

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	195	-
		195	-
Current assets
Debtors		20,964	19,559
Cash at bank and in hand		4,564	8,476
		25,528	28,035
Creditors: amounts falling due within one year		(25,555)	(27,915)
Net current assets (liabilities)		(27)	120
Total assets less current liabilities		168	120
Total net assets (liabilities)		168	120
Capital and reserves
Called up share capital		100	100
Profit and loss account		68	20
Shareholders' funds		168	120

For the year ending 28 February 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 16 December 2014

And signed on their behalf by:
D Plimmer, Director

SOUTHERN AUTOMOTIVE LTD Registered Number 06830631

Notes to the Abbreviated Accounts for the period ended 28 February 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.

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax. Where a service is incomplete at the year end, turnover represents the sales value of services provided based on an appropriate proportion of time spent. Any partially completed services that are un-billed at year end are recorded in accrued income within trade debtors.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment - 3 years straight line

2Tangible fixed assets

	£
Cost
At 1 March 2013	-
Additions	292
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	292
Depreciation
At 1 March 2013	-
Charge for the year	97
On disposals	-
At 28 February 2014	97
Net book values
At 28 February 2014	195
At 28 February 2013	-

3Transactions with directors

Name of director receiving advance or credit:	D Plimmer
Description of the transaction:	Directors loan
Balance at 1 March 2013:	£ 6,017
Advances or credits made:	£ 1,513
Advances or credits repaid:	-
Balance at 28 February 2014:	£ 7,530

Name of director receiving advance or credit:	S Plimmer
Description of the transaction:	Directors loan
Balance at 1 March 2013:	£ 6,018
Advances or credits made:	£ 1,512
Advances or credits repaid:	-
Balance at 28 February 2014:	£ 7,530