OARES COACHES LTD - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02915458 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

OARES COACHES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G Oare

SECRETARY:

Mrs A Oare

REGISTERED OFFICE:

112-114 Witton Street

Northwich

Cheshire

CW9 5NW

REGISTERED NUMBER:

02915458 (England and Wales)

ACCOUNTANTS:

Burton Beavan

Chartered Certified Accountants

112-114 Witton Street

Northwich

Cheshire

CW9 5NW

FIXED ASSETS

Tangible assets

2

204,116

212,510

CURRENT ASSETS

Debtors

128,369

134,596

Prepayments and accrued income

388

20,448

Cash at bank

466

74,905

129,223

229,949

CREDITORS

Amounts falling due within one year

36,747

65,449

NET CURRENT ASSETS

92,476

164,500

TOTAL ASSETS LESS CURRENT LIABILITIES

296,592

377,010

CREDITORS

Amounts falling due after more than one year

-

12,917

NET ASSETS

296,592

364,093

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

296,492

363,993

296,592

364,093

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 30 January 2015 and were signed by:

G Oare - 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 net invoiced sales of goods, excluding value added tax.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

982,487

Additions

71,234

Disposals

(214,329

)

At 30 April 2014

839,392

DEPRECIATION

At 1 May 2013

769,977

Charge for year

61,374

Eliminated on disposal

(196,075

)

At 30 April 2014

635,276

NET BOOK VALUE

At 30 April 2014

204,116

At 30 April 2013

212,510

3.	CALLED UP SHARE CAPITAL

**	POSTING HAS BEEN MADE TO SHARE CAPITAL 1 ACCOUNT ON TRIAL BALANCE BUT NO CORRESPONDING ENTRY HAS BEEN MADE ON CLIENT SCREEN FOR SHARE CAPITAL 1

THIS NOTE WILL THEREFORE NOT AGREE TO AMOUNT SHOWN ON

BALANCE SHEET