Carman Cars Limited - Accounts

Carman Cars Limited - Accounts

CARMAN CARS LIMITED - Company Information

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Registered Number : 06082621
England and Wales

 

 

 

CARMAN CARS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2017

End date: 28 February 2018

Carman Cars Limited
Contents Page
For the year ended 28 February 2018
As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 28 February 2018 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.



....................................................
Peak Management Associates (Ashbourne) Limited
King Edward Street
Ashbourne
Derbyshire
DE6 1BW
25 July 2018
1
 
 		 Notes
 		 2018
£		   2017
£
Fixed assets      
Tangible fixed assets 3 58,872    60,502 
58,872    60,502 
Current assets      
Stocks 7,939    1,500 
Cash at bank and in hand 2,763    (1,599)
10,702    (99)
Creditors: amount falling due within one year (75,026)   (60,929)
Net current assets (64,324)   (61,028)
 
Total assets less current liabilities (5,452)   (526)
Creditors: amount falling due after more than one year (84,913)   (76,718)
Net assets (90,365)   (77,244)
 

Capital and reserves 		     
Called up share capital 4 1    1 
Profit and loss account (90,366)   (77,245)
Shareholders funds (90,365)   (77,244)
 


For the year ended 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Members Have Agreed to the Preparation of Abridged Accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of directors


--------------------------------
Mr A S Beckett
Director

Date approved by the board: 25 July 2018
2
General Information
Carman Cars Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 06082621,registration address Compton Offices,King Edward Street,Ashbourne,Derbyshire,DE6 1BW.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
Land and Buildings 2% Straight Line
Motor Vehicles 25% Reducing Balance
2.

Intangible fixed assets

Cost or Valuation Goodwill   Total
  £   £
At 01 March 2017 16,500    16,500 
Additions -    - 
Disposals -    - 
At 28 February 2018 16,500    16,500 
Amortisation
At 01 March 2017 16,500    16,500 
Charge for year -    - 
On disposals -    - 
At 28 February 2018 16,500    16,500 
Net book values
At 28 February 2018 -    - 
At 28 February 2017 -    - 


3.

Tangible fixed assets

Cost or Valuation Land and Buildings   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 March 2017 77,071    3,000    797    80,868 
Additions -    -    -    - 
Disposals -    -    -    - 
At 28 February 2018 77,071    3,000    797    80,868 
Depreciation
At 01 March 2017 16,921    2,700    745    20,366 
Charge for year 1,542    75    13    1,630 
On disposals -    -    -    - 
At 28 February 2018 18,463    2,775    758    21,996 
Net book values
Closing balance as at 28 February 2018 58,608    225    39    58,872 
Opening balance as at 01 March 2017 60,150    300    52    60,502 


4.

Share Capital

Authorised
1 Ordinary shares of £1.00 each
Allotted
2018
£		   2017
£
1 Ordinary shares of £1.00 each 1    1 
1    1 

3