Kingstanding Auto Centre Ltd - Accounts to registrar (filleted) - small 17.3
Kingstanding Auto Centre Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2016 |
| FOR |
| KINGSTANDING AUTO CENTRE LTD |
| KINGSTANDING AUTO CENTRE LTD (REGISTERED NUMBER: 01935593) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| KINGSTANDING AUTO CENTRE LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 NOVEMBER 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| KINGSTANDING AUTO CENTRE LTD (REGISTERED NUMBER: 01935593) |
| BALANCE SHEET |
| 30 NOVEMBER 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 3 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Profit and loss account | 8 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 were approved by the director on |
| KINGSTANDING AUTO CENTRE LTD (REGISTERED NUMBER: 01935593) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared on a going concern basis on the grounds that the directors will continue to |
| support the company during the next twelve months. |
| 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 January 2015). |
| Turnover |
| Turnover represents revenue recognised by the company in respect of goods and services supplied during the |
| period, excluding value added tax. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| 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 taxation is provided on the liability method to take account of timing differences between the treatment |
| of certain items for accounts purposes and their treatment for tax purposes. |
| Tax deferred or accelerated is accounted for in respect of all material timing differences that have originated but |
| not reversed at the balance sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| KINGSTANDING AUTO CENTRE LTD (REGISTERED NUMBER: 01935593) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and | Motor |
| leasehold | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 December 2015 |
| Additions |
| At 30 November 2016 |
| DEPRECIATION |
| At 1 December 2015 |
| Charge for year |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors | - | 120 |
| Other debtors | 5,382 | 2,009 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 5. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2016 | 2015 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| 6. | OPERATING LEASE COMMITMENTS |
| KINGSTANDING AUTO CENTRE LTD (REGISTERED NUMBER: 01935593) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2016 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | 1 |
| 8. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 December 2015 | ( |
) |
| Profit for the year |
| At 30 November 2016 | ( |
) |
| 9. | RELATED PARTY DISCLOSURES |
| Included in other creditors is an amount of £14,303 which is owed to the directors (2015 - £16,534). |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |