RS Auto Services Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06797133

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

RS Auto Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R Doherty

C Szczelkun

REGISTERED OFFICE:

Unit 5c

Crown Road

Warmley

Bristol

Avon

BS30 8JJ

REGISTERED NUMBER:

06797133

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Tangible assets

2

17,916

18,893

CURRENT ASSETS

Stocks

4,200

3,500

Debtors

3

5,903

7,459

Cash at bank

3,430

-

13,533

10,959

CREDITORS

Amounts falling due within one year

29,711

27,730

NET CURRENT LIABILITIES

(16,178

)

(16,771

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,738

2,122

CREDITORS

Amounts falling due after more than one year

1,192

-

NET ASSETS

546

2,122

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

544

2,120

SHAREHOLDERS' FUNDS

546

2,122

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 December 2014 and were signed on its behalf by:

R Doherty - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on 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.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

40,883

Additions

4,995

At 31 March 2014

45,878

DEPRECIATION

At 1 April 2013

21,990

Charge for year

5,972

At 31 March 2014

27,962

NET BOOK VALUE

At 31 March 2014

17,916

At 31 March 2013

18,893

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (31.3.13 - £ 929 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Allotted, called up and fully

paid.

1

2

2