REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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FOR |
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ARTHUR'S BRIDGE GARAGE LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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FOR |
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ARTHUR'S BRIDGE GARAGE LIMITED |
ARTHUR'S BRIDGE GARAGE LIMITED (REGISTERED NUMBER: 04275310) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
For The Year Ended 30 September 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
ARTHUR'S BRIDGE GARAGE LIMITED |
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COMPANY INFORMATION |
For The Year Ended 30 September 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ARTHUR'S BRIDGE GARAGE LIMITED (REGISTERED NUMBER: 04275310) |
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ABBREVIATED BALANCE SHEET |
30 September 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 4 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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
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(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. |
ARTHUR'S BRIDGE GARAGE LIMITED (REGISTERED NUMBER: 04275310) |
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ABBREVIATED BALANCE SHEET - continued |
30 September 2016 |
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The financial statements were approved by the director on
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ARTHUR'S BRIDGE GARAGE LIMITED (REGISTERED NUMBER: 04275310) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
For The Year Ended 30 September 2016 |
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1. | ACCOUNTING POLICIES |
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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 January 2015). |
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Turnover |
Turnover represents sales of car repair and servicing, excluding value added tax, performed during the year. |
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Goodwill |
Goodwill represents the excess of the fair value attributed to the investment in the business over the fair value of the |
underlying net assets at the date of their acquisition. Goodwill is being amortised over its expected useful life. |
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Tangible fixed assets |
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Freehold property | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2015 |
and 30 September 2016 |
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AMORTISATION |
At 1 October 2015 |
and 30 September 2016 |
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NET BOOK VALUE |
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At 30 September 2016 |
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At 30 September 2015 |
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ARTHUR'S BRIDGE GARAGE LIMITED (REGISTERED NUMBER: 04275310) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
For The Year Ended 30 September 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2015 |
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Additions |
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At 30 September 2016 |
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DEPRECIATION |
At 1 October 2015 |
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Charge for year |
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At 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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At 30 September 2015 |
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The freehold property is secured via the mortgage provided by National Westminster Bank Plc with a debenture charge |
registered on 11 March 2013. |
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4. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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2016 | 2015 |
£ | £ |
Repayable by instalments | 134,373 | 144,304 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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As at 30 September 2016, J G Wilson had loaned the company £19,946 (2015 - £20,429). There is no interest due on the |
loan and it is repayable upon demand. |
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7. | ULTIMATE CONTROLLING PARTY |
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