Centre MOT Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07338671 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

Centre MOT Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P S Sandhu

REGISTERED OFFICE:

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

REGISTERED NUMBER:

07338671 (England and Wales)

ACCOUNTANTS:

Lawrence Grant

Chartered Accountants

and Reporting Accountants

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

FIXED ASSETS

Tangible assets

2

5,734

6,545

CURRENT ASSETS

Stocks

950

850

Debtors

18,325

897

Cash at bank

46,761

62,688

66,036

64,435

CREDITORS

Amounts falling due within one year

11,387

12,387

NET CURRENT ASSETS

54,649

52,048

TOTAL ASSETS LESS CURRENT LIABILITIES

60,383

58,593

PROVISIONS FOR LIABILITIES

678

737

NET ASSETS

59,705

57,856

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

59,704

57,855

SHAREHOLDERS' FUNDS

59,705

57,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 January 2015 and were signed by:

P S Sandhu - 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 invoiced sales of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

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

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of

certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing

differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only

to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which

the future reversal of the underlying timing differences can be deducted. In accordance with the Financial Reporting

Standard for Smaller Entities (effective April 2008), deferred tax is not recognised on revaluation gains. Deferred taxation

is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing

differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either

financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual

interest in the assets of the company after deducting all of its liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

9,730

Additions

1,480

At 30 April 2014

11,210

DEPRECIATION

At 1 May 2013

3,185

Charge for year

2,291

At 30 April 2014

5,476

NET BOOK VALUE

At 30 April 2014

5,734

At 30 April 2013

6,545

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1.00

1

1