Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
K.J. Motors Derby Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
K.J. Motors Derby Limited
for the Year Ended 28 February 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of K.J. Motors Derby Limited for the year ended 28 February 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of K.J. Motors Derby Limited, as a body, in accordance with the terms of our engagement letterdated 17 November 2015. Our work has been undertaken solely to prepare for your approval the accounts of K.J. Motors Derby Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K.J. Motors Derby Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that K.J. Motors Derby Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of K.J. Motors Derby Limited. You consider that K.J. Motors Derby Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of K.J. Motors Derby Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
30 November 2015
K.J. Motors Derby Limited
(Registration number: 08394772)
Abbreviated Balance Sheet at 28 February 2015
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2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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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 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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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' deficit |
( |
( |
2
K.J. Motors Derby Limited
(Registration number: 08394772)
Abbreviated Balance Sheet at 28 February 2015
......... continued
Approved and authorised for issue by the Board on
.........................................
Mr P E Brookes
Director
.........................................
Mrs L D Geary
Director
3
K.J. Motors Derby Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
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 |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and Machinery |
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Computer equipment |
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Stock
Hire purchase and leasing
K.J. Motors Derby Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 March 2014 |
10,000 |
17,396 |
27,396 |
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At 28 February 2015 |
10,000 |
17,396 |
27,396 |
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Depreciation |
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At 1 March 2014 |
1,000 |
2,671 |
3,671 |
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Charge for the year |
1,000 |
2,299 |
3,299 |
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At 28 February 2015 |
2,000 |
4,970 |
6,970 |
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Net book value |
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At 28 February 2015 |
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At 28 February 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
3,224 |
- |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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