| Manor Garage (Box) Limited |
| Registered number: |
04371498 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
87,534 |
|
|
17,584 |
|
| Current assets |
| Stocks |
|
|
156,800 |
|
|
155,995 |
| Debtors |
|
|
14,341 |
|
|
29,910 |
| Cash at bank and in hand |
|
|
5,965 |
|
|
87,033 |
|
|
|
177,106 |
|
|
272,938 |
|
| Creditors: amounts falling due within one year |
|
|
(81,729) |
|
|
(70,428) |
|
| Net current assets |
|
|
|
95,377 |
|
|
202,510 |
|
| Net assets |
|
|
|
182,911 |
|
|
220,094 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
182,910 |
|
|
220,093 |
|
| Shareholder's funds |
|
|
|
182,911 |
|
|
220,094 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| P Langley |
| Director |
| Approved by the board on 16 December 2014 |
|
| Manor Garage (Box) Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% reducing balance |
|
Motor vehicles |
20% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. NRV represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where NRV is less than cost. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
Going concern |
|
The director has given consideration to the continuing operations of the company and this has given rise to no material uncertainties regarding going concern. As a result the accounts have been prepared under the going concern basis of accounting. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
45,985 |
|
Additions |
74,883 |
|
Disposals |
(1,972) |
|
At 31 March 2014 |
118,896 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
28,401 |
|
Charge for the year |
3,923 |
|
On disposals |
(962) |
|
At 31 March 2014 |
31,362 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
87,534 |
|
At 31 March 2013 |
17,584 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
P Langley |
|
Director's loan account |
(319) |
|
100,462 |
|
(104,998) |
|
(4,855) |
|
|
(319) |
|
100,462 |
|
(104,998) |
|
(4,855) |
|
|
|
|
|
|
|
|
|
|
The balance £4,855 (2013: £319) is included in other creditors. The maximum overdrawn balance during the year was £28,870. Interest has been charged on overdrawn balances greater than £5,000 at the official rate of 4%. |
