Registered Number 05958790
A1 MOTOR SERVICES LIMITED
Abbreviated Accounts
31 October 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
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 (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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( |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Turnover policy
Tangible assets depreciation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill equally over 10 years
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
Motor Vehicles 25% reducing balance
Other accounting policies
T & L Investments Limited is the holding company.
There is an amount due from T & L Investments Limited amounting to £36,151 (£47,143-2014) and no interest is charged on this amount.
The property is let from T & L Investments Limited on an open market basis, the amount of rent paid was £30,000 (£30,000-2014). During the year the company paid dividends to T & L Investments Ltd amounting to £90,000 (£50,000-2014)
ULTIMATE PARENT COMPANY
The company is a wholly owned subsidiary of T & L Investments Ltd
ULTIMATE CONTROLLING PARTY
The company is under the ultiamte control of the directors by virtue of their ability to act in concert in the respect of the operating and financial policies of the company.
£ | |
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Cost | |
At 1 November 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2015 |
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Amortisation | |
At 1 November 2014 |
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Charge for the year |
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On disposals |
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At 31 October 2015 |
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Net book values | |
At 31 October 2015 | 9,000 |
At 31 October 2014 | 12,000 |
£ | |
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Cost | |
At 1 November 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2015 |
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Depreciation | |
At 1 November 2014 |
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Charge for the year |
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On disposals |
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At 31 October 2015 |
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Net book values | |
At 31 October 2015 | 9,114 |
At 31 October 2014 | 8,519 |