Abbreviated Company Accounts - R & S GARAGE LIMITED

Abbreviated Company Accounts - R & S GARAGE LIMITED

R & S GARAGE LIMITED - Company Information

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Registered Number 07995139

R & S GARAGE LIMITED

Abbreviated Accounts

31 March 2014

R & S GARAGE LIMITED Registered Number 07995139

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 35,000 35,000
Tangible assets 3 18,583 27,874
53,583 62,874
Current assets
Debtors 3,754 3,754
Cash at bank and in hand 26 26
3,780 3,780
Creditors: amounts falling due within one year (72,801) (72,859)
Net current assets (liabilities) (69,021) (69,079)
Total assets less current liabilities (15,438) (6,205)
Total net assets (liabilities) (15,438) (6,205)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (16,438) (7,205)
Shareholders' funds (15,438) (6,205)
  • For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their 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.

Approved by the Board on 31 December 2014

And signed on their behalf by:
Clova dawkins, Director

R & S GARAGE LIMITED Registered Number 07995139

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover consists of earnings in respect of services rendered to third parties during the year

Tangible assets depreciation policy
Depreciation is provided on straight line basis to write off cost of fixed assets over their expected useful lives

2Intangible fixed assets
£
Cost
At 1 April 2013 35,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 35,000
Amortisation
At 1 April 2013 -
Charge for the year -
On disposals -
At 31 March 2014 -
Net book values
At 31 March 2014 35,000
At 31 March 2013 35,000
3Tangible fixed assets
£
Cost
At 1 April 2013 37,165
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 37,165
Depreciation
At 1 April 2013 9,291
Charge for the year 9,291
On disposals -
At 31 March 2014 18,582
Net book values
At 31 March 2014 18,583
At 31 March 2013 27,874