Company Registration No. 03433258 (England and Wales)
WARMANS MOTOR COMPANY LIMITED
Unaudited accounts
for the year ended 31 March 2018
WARMANS MOTOR COMPANY LIMITED
Unaudited accounts
Contents
WARMANS MOTOR COMPANY LIMITED
Company Information
for the year ended 31 March 2018
Director
Nathan Mark Warman
Company Number
03433258 (England and Wales)
Registered Office
890 GARRATT LANE
LONDON
SW17 0NB
Accountants
RK Taxation Services
890 Garratt Lane
London
SW17 0NB
WARMANS MOTOR COMPANY LIMITED
Statement of financial position
as at 31 March 2018
Inventories
144,289
133,060
Cash at bank and in hand
-
16,896
Creditors: amounts falling due within one year
(106,977)
(108,225)
Net current assets
37,312
41,731
Total assets less current liabilities
37,312
41,731
Creditors: amounts falling due after more than one year
(40,737)
(40,737)
Net (liabilities)/assets
(3,425)
994
Called up share capital
2
2
Profit and loss account
(3,427)
992
Shareholders' funds
(3,425)
994
For the year ending 31 March 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 19 December 2018.
Nathan Mark Warman
Director
Company Registration No. 03433258
WARMANS MOTOR COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2018
WARMANS MOTOR COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03433258. The registered office is 890 GARRATT LANE, LONDON, SW17 0NB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
WARMANS MOTOR COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Plant & machinery
Finished goods
144,289
133,060
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
661
-
Trade creditors
3,000
3,000
Taxes and social security
13,077
13,986
Other creditors
54,363
54,363
Loans from directors
35,876
36,876
7
Creditors: amounts falling due after more than one year
2018
2017
The advances and credits to directors subsisted during the year ended 31 March 2018.
9
Average number of employees
During the year the average number of employees was 3 (2017: 2).
