Droitwich Cars Limited - Limited company - abbreviated

REGISTERED NUMBER: 07203281 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014

FOR

DROITWICH CARS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountant's Report

4

DIRECTORS:

P M CARTWRIGHT

D J CARTWRIGHT

SECRETARY:

MRS R R CARTWRIGHT

REGISTERED OFFICE:

25 FOWLER AVENUE

HARLEY BAKEWELL

WORCESTER

WORCS.

WR4 0LU

REGISTERED NUMBER:

07203281 (England and Wales)

ACCOUNTANT:

J.G.C.ABBOTT

CHARTERED ACCOUNTANT

6 STONEY FIELD,

HIGHNAM,

GLOUCESTER

GLOUCESTERSHIRE

GL2 8LY

FIXED ASSETS

Tangible assets

2

1,689

2,053

CURRENT ASSETS

Stocks

4,435

11,700

Debtors

5,063

8,568

9,498

20,268

CREDITORS

Amounts falling due within one year

55,214

45,758

NET CURRENT LIABILITIES

(45,716

)

(25,490

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,027

)

(23,437

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(44,029

)

(23,439

)

SHAREHOLDERS' FUNDS

(44,027

)

(23,437

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 18th December 2014 and were signed on its behalf
by:

D J CARTWRIGHT - 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.

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.

Going concern

The accounts have been prepared on a going concern basis as the Directors are confident that the Company will

trade profitably in the future. The loss arising in the year has been as a result in the downturn

of trade in the car industry due to the current financial climate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

and 31st March 2014

6,257

DEPRECIATION

At 1st April 2013

4,204

Charge for year

364

At 31st March 2014

4,568

NET BOOK VALUE

At 31st March 2014

1,689

At 31st March 2013

2,053

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1-00

2

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial

statements of Droitwich Cars Limited for the year ended 31st March 2014 which comprise the Profit and Loss Account,

the Balance Sheet and the related notes from the company's accounting records and from information and explanations

you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its

ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Droitwich Cars Limited, as a body, in accordance with my terms

of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Droitwich

Cars Limited and state those matters that I have agreed to state to the Board of Directors of Droitwich Cars Limited, as a

body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted

by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body,

for my work or for this report.

It is your duty to ensure that Droitwich Cars Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Droitwich Cars

Limited. You consider that Droitwich Cars Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Droitwich Cars Limited. For

this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to me and I do not, therefore, express any opinion on the statutory financial statements.