Registered Number
:
07863383
|
For the year ended 31 October 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2018
East Boldon Motors Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
East Boldon Motors Ltd
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
3,547
1,780
2
3,547
1,780
Trade and other receivables
|
2,870
10,589
3
18,005
Cash and cash equivalents
|
24,248
34,837
20,875
Trade and other payables
:
amounts falling due within one
|
year
|
(16,961)
(36,730)
4
3,914
(1,893)
Net current liabilities
Total assets less current liabilities
|
1,654
5,694
1,654
Net assets
5,694
2
2
1,652
5,692
1,654
5,694
Shareholders' funds
For the year ended 31 October 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr Keith Lumsdon Director
|
These financial statements were approved and authorised for issue by the Board on 30 July 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 October 2018
East Boldon Motors Ltd
Notes to the Financial Statements
Statutory Information
East Boldon Motors Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
07863383
.
|
Cleadon Lane Industrial Estate
Cleadon Lane
East Boldon
Tyne & Wear
NE36 0AJ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historic cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 3
For the year ended 31 October 2018
East Boldon Motors Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
10,000
2,950
12,950
Provision for depreciation and impairment
|
8,220
Charge for year
1,183
9,403
3,547
1,780
3
.
Trade and other receivables
|
2017
2018
10,589
2,870
4
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
20,095
10,616
Taxation and social security
|
8,867
6,317
7,768
28
36,730
16,961
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