Quay Garage (Braunton) Ltd - Accounts to registrar (filleted) - small 18.2
Quay Garage (Braunton) Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 9 May 2018 |
for |
Quay Garage (Braunton) Ltd |
Quay Garage (Braunton) Ltd (Registered number: 05651956) |
Contents of the Financial Statements |
for the Year Ended 9 May 2018 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Quay Garage (Braunton) Ltd |
Company Information |
for the Year Ended 9 May 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
69 High Street |
Bideford |
Devon |
EX39 2AT |
Quay Garage (Braunton) Ltd (Registered number: 05651956) |
Abridged Balance Sheet |
9 May 2018 |
2018 | 2017 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges her 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director on |
Quay Garage (Braunton) Ltd (Registered number: 05651956) |
Notes to the Financial Statements |
for the Year Ended 9 May 2018 |
1. | STATUTORY INFORMATION |
Quay Garage (Braunton) Ltd is a |
company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company is not trading. The financial statements have been prepared on a break up basis. Accordingly, full |
provision has been made in these account for all known liabilities and anticipated losses on realisation of assets. |
This is in accordance with the provisions of FRS 102 Section 1A small entities and the Companies Act 2006. |
The principal accounting policies adopted in the preparation of the financial statements are set out below and |
remain unchanged from the previous period, and also have been consistently applied within the same accounts. |
Financial instruments |
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in |
administrative expenses. Loans and borrowings are initially recognised at the transaction price including |
transaction costs. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2017 - NIL). |
Quay Garage (Braunton) Ltd (Registered number: 05651956) |
Notes to the Financial Statements - continued |
for the Year Ended 9 May 2018 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
6. | GOING CONCERN |
The company ceased trading on 9 May 2013. Consequently all assets and liabilities have been written down to |
their realisable values. |