Abbreviated Company Accounts - BARNES CARS LIMITED

BARNES CARS LIMITED - Company Information

Registered Number 06161427

BARNES CARS LIMITED

Abbreviated Accounts

31 March 2014

BARNES CARS LIMITED Registered Number 06161427

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	7,221	27,427
		7,221	27,427
Current assets
Debtors		-	6,297
Cash at bank and in hand		27,946	25,751
		27,946	32,048
Creditors: amounts falling due within one year		(42,712)	(18,425)
Net current assets (liabilities)		(14,766)	13,623
Total assets less current liabilities		(7,545)	41,050
Creditors: amounts falling due after more than one year		(26,246)	(26,246)
Total net assets (liabilities)		(33,791)	14,804
Capital and reserves
Called up share capital		2	2
Profit and loss account		(33,793)	14,802
Shareholders' funds		(33,791)	14,804

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 30 December 2014

And signed on their behalf by:
Ahmed Shams Khan, Director

BARNES CARS LIMITED Registered Number 06161427

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 represents the total invoice value, excluding value added tax, of sales made during the year.

2Tangible fixed assets

	£
Cost
At 1 April 2013	83,375
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	83,375
Depreciation
At 1 April 2013	55,948
Charge for the year	20,206
On disposals	-
At 31 March 2014	76,154
Net book values
At 31 March 2014	7,221
At 31 March 2013	27,427

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% straight line