Auto-Options Vehicle Hire Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06780385 (England and Wales)

AUTO-OPTIONS VEHICLE HIRE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N Rossiter

Miss H E Ryan

SECRETARY:

Miss H E Ryan

REGISTERED OFFICE:

14 Progress Business Centre

Whittle Parkway

Slough

Berkshire

SL1 6DQ

REGISTERED NUMBER:

06780385 (England and Wales)

ACCOUNTANTS:

AGHS Accounting & Taxation Services Limited

14 Progress Business Centre

Whittle Parkway

Slough

Berkshire

SL1 6DQ

FIXED ASSETS

Intangible assets

2

-

750

Tangible assets

3

35,729

33,301

35,729

34,051

CURRENT ASSETS

Debtors

698

12,569

Cash in hand

225

250

923

12,819

CREDITORS

Amounts falling due within one year

43,430

46,651

NET CURRENT LIABILITIES

(42,507

)

(33,832

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,778

)

219

PROVISIONS FOR LIABILITIES

-

121

NET (LIABILITIES)/ASSETS

(6,778

)

98

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(6,878

)

(2

)

SHAREHOLDERS' FUNDS

(6,778

)

98

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 30 December 2014 and were signed on its behalf by:

N Rossiter - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised

evenly over its estimated useful life of five years.

Tangible fixed assets

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

Equipment

-

25% on cost

Motor vehicles

-

25% on cost

Website

-

25% on cost

Deferred tax

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

sheet date. The deferred tax asset arising from trading losses has not however been recognised.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

5,000

AMORTISATION

At 1 April 2013

4,250

Amortisation for year

750

At 31 March 2014

5,000

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

750

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

46,354

Additions

11,083

At 31 March 2014

57,437

DEPRECIATION

At 1 April 2013

13,053

Charge for year

8,655

At 31 March 2014

21,708

NET BOOK VALUE

At 31 March 2014

35,729

At 31 March 2013

33,301

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100