Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Andrew Tart Motor Engineering Ltd
(Registration number: 07835546)
Abbreviated Balance Sheet at 31 October 2014
Note |
2014
|
2013
|
|||||||
Fixed assets |
|||||||||
Intangible fixed assets |
|
|
|||||||
Tangible fixed assets |
|
|
|||||||
|
|
||||||||
Current assets |
|||||||||
Stocks |
|
|
|||||||
Debtors |
|
|
|||||||
Cash at bank and in hand |
|
|
|||||||
|
|
||||||||
Creditors: Amounts falling due within one year |
( |
( |
|||||||
Net current liabilities |
( |
( |
|||||||
Total assets less current liabilities |
|
|
|||||||
Provisions for liabilities |
( |
( |
|||||||
Net assets |
|
|
|||||||
Capital and reserves |
|||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
|
|
|||||||
Shareholders' funds |
|
|
Approved by the director on
......................................... |
1
Andrew Tart Motor Engineering Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
|
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:
Asset class |
Depreciation method and rate |
Land and buildings |
|
Plant and machinery |
|
Motor vehicles |
|
Stock
Deferred tax
Hire purchase and leasing
Andrew Tart Motor Engineering Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued
Fixed assets |
Intangible assets
|
Tangible assets
|
Total
|
|||||||
Cost |
|||||||||
At 1 November 2013 |
90,000 |
39,568 |
129,568 |
||||||
Additions |
- |
25,900 |
25,900 |
||||||
At 31 October 2014 |
90,000 |
65,468 |
155,468 |
||||||
Depreciation |
|||||||||
At 1 November 2013 |
36,000 |
13,739 |
49,739 |
||||||
Charge for the year |
18,000 |
8,925 |
26,925 |
||||||
At 31 October 2014 |
54,000 |
22,664 |
76,664 |
||||||
Net book value |
|||||||||
At 31 October 2014 |
|
|
|
||||||
At 31 October 2013 |
|
|
|
Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
|||||||||||
No. |
£ |
No. |
£ |
|||||||||
|
|
|
|
|
||||||||