Forge Car Sales Limited,Ltd - Accounts

Forge Car Sales Limited,Ltd - Accounts

FORGE CAR SALES LIMITED - Company Information

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2013-04-01 true false Private Limited Company 06527793 2014-03-31 06527793 2013-04-01 2014-03-31 06527793 2013-03-31 06527793 2012-04-01 2013-03-31 06527793 uk-bus:Director1 2013-04-01 2014-03-31 06527793 uk-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP
Forge Car Sales Limited
For the year ended 31 March 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06527793
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Contents Page
Forge Car Sales Limited
For the year ended 31 March 2014
1
Balance Sheet
2
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Forge Car Sales Limited
As at 31 March 2014
06527793
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
283
377
283
377
Current assets
Stocks
10,326
-
Debtors
1,657
2,000
Cash at bank and in hand
9,967
-
11,967
11,983
Creditors: amounts falling due within one year
(9,372)
(6,466)
2,611
5,501
Net current assets
Total assets less current liabilities
5,784
2,988
5,784
Net assets
2,988
Capital and reserves
Called up share capital
2
3
2
Profit and loss account
5,782
2,986
5,784
2,988
Shareholders funds
For the year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 27 October 2014
G L Wedlake Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Forge Car Sales Limited
For the year ended 31 March 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Plant&Machinery 25% reducing balance.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
1,392
At 01 April 2013
At 31 March 2014
1,392
Depreciation
1,015
At 01 April 2013
94
Charge for year
1,109
At 31 March 2014
Net book values
At 31 March 2014
283
377
At 31 March 2013
3 Share capital
Allotted called up and fully paid
2014
2013
£
£
2 Ordinary shares of £1.00 each
2
2
2
2
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