Abbreviated Company Accounts - FINSLEY GATE CAR SALES LIMITED

FINSLEY GATE CAR SALES LIMITED - Company Information

05797462 FINSLEY GATE CAR SALES LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 05797462 2013-05-01 2014-04-30 05797462 2014-04-30 05797462 2013-04-30 05797462 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 05797462 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 05797462

FINSLEY GATE CAR SALES LIMITED

Abbreviated Accounts

30 April 2014

FINSLEY GATE CAR SALES LIMITED Registered Number 05797462

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	510	770
		510	770
Current assets
Stocks		279,475	202,866
Debtors		47,599	81,298
Cash at bank and in hand		9,877	34,267
		336,951	318,431
Creditors: amounts falling due within one year		(105,691)	(100,536)
Net current assets (liabilities)		231,260	217,895
Total assets less current liabilities		231,770	218,665
Total net assets (liabilities)		231,770	218,665
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		231,670	218,565
Shareholders' funds		231,770	218,665

For the year ending 30 April 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 8 January 2015

And signed on their behalf by:
M N Khan, Director
M N Khan, Director

FINSLEY GATE CAR SALES LIMITED Registered Number 05797462

Notes to the Abbreviated Accounts for the period ended 30 April 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Fixture and Fittings 25% straight line

Valuation information and policy
Stock is value at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs

2Tangible fixed assets

	£
Cost
At 1 May 2013	1,030
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	1,030
Depreciation
At 1 May 2013	260
Charge for the year	260
On disposals	-
At 30 April 2014	520
Net book values
At 30 April 2014	510
At 30 April 2013	770

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100