Registration number:
for the Year Ended
Devco Mobile Vehicle Services Limited
Contents
Abbreviated Balance Sheet |
|
Notes to the Abbreviated Accounts |
Devco Mobile Vehicle Services Limited
(Registration number: 01142725)
Abbreviated Balance Sheet as at 31 October 2016
Note |
2016 |
2015 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Shareholders funds |
|
|
For the year ending 31 October 2016 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
.........................................
Mr R Drew
Director
Devco Mobile Vehicle Services Limited
Notes to the Abbreviated Accounts
Accounting policies |
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015).
Turnover
Turnover comprises the value of goods and services supplied by the company net of value added tax, adjusted for work in progress.
Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Depreciation
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Asset class |
Depreciation method and rate |
Leasehold Buildings |
5% straight line basis |
Plant and machinery |
15% reducing balance basis |
Fixtures, fittings, tools and equipment |
15% reducing balance basis |
Office equipment |
15% reducing balance basis |
Motor vehicles |
25% reducing balance basis |
Stock
Stock has been valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Deferred tax
Provision has been made for deferred taxation on the difference between the taxation written down value and the accounts net book value of tangible fixed assets.
Hire purchase and leasing
Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the Profit and Loss Accounts as incurred.
.
Devco Mobile Vehicle Services Limited
Notes to the Abbreviated Accounts
Fixed assets |
Tangible assets |
Total |
|
Cost |
||
At 1 November 2015 |
92,435 |
92,435 |
Additions |
3,898 |
3,898 |
At 31 October 2016 |
96,333 |
96,333 |
Depreciation |
||
At 1 November 2015 |
43,383 |
43,383 |
Charge for the year |
8,114 |
8,114 |
At 31 October 2016 |
51,497 |
51,497 |
Net book value |
||
At 31 October 2016 |
|
|
At 31 October 2015 |
|
|
.
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
.
Devco Mobile Vehicle Services Limited
Notes to the Abbreviated Accounts
Related party transactions |
Transactions with directors |
2016 |
At 1 November 2015 |
Advances to directors |
Repayments by director |
Other payments made to company by director |
At 31 October 2016 |
Mr R Drew |
|||||
Director's Loan |
812 |
|
( |
- |
- |
2015 |
At 1 November 2014 |
Advances to directors |
Repayments by director |
Other payments made to company by director |
At 31 October 2015 |
Mr R Drew |
|||||
Director's Loan |
2,283 |
|
( |
- |
|
.
Control |
The directors are the controlling party by virtue of their controlling shareholding in the company.