Company Registration No. 03963875 (England and Wales)
JUBILEE CARS STANMORE LTD.
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
JUBILEE CARS STANMORE LTD.
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
JUBILEE CARS STANMORE LTD.
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
30,802
26,598
Current assets
Debtors
12,949
17,072
Cash at bank and in hand
3,796
539
16,745
17,611
Creditors: amounts falling due within one year
(33,270)
(35,248)
Net current liabilities
(16,525)
(17,637)
Total assets less current liabilities
14,277
8,961
Creditors: amounts falling due after more than one year
(4,900)
-
Provisions for liabilities
(1,905)
(1,855)
7,472
7,106
Capital and reserves
Called up share capital
3
1,000
1,000
Share premium account
5,292
5,292
Profit and loss account
1,180
814
Shareholders' funds
7,472
7,106
JUBILEE CARS STANMORE LTD.
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2015
30 April 2015
- 2 -
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 11 January 2016
Mrs S O'Halloran
Director
Company Registration No. 03963875
JUBILEE CARS STANMORE LTD.
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
JUBILEE CARS STANMORE LTD.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2014
57,800
54,500
112,300
Additions
-
15,765
15,765
Disposals
-
(13,414)
(13,414)
At 30 April 2015
57,800
56,851
114,651
Depreciation
At 1 May 2014
57,800
27,902
85,702
On disposals
-
(12,120)
(12,120)
Charge for the year
-
10,267
10,267
At 30 April 2015
57,800
26,049
83,849
Net book value
At 30 April 2015
-
30,802
30,802
At 30 April 2014
-
26,598
26,598
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000