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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 30 November 2016 |
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Albrighton Car Garage Limited |
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 30 November 2016 |
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for |
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Albrighton Car Garage Limited |
Albrighton Car Garage Limited (Registered number: 09004754) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2016 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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Albrighton Car Garage Limited |
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Company Information |
for the Year Ended 30 November 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Albrighton Car Garage Limited (Registered number: 09004754) |
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Report of the Directors |
for the Year Ended 30 November 2016 |
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The directors present their report with the financial statements of the company for the year ended 30 November 2016. |
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INCORPORATION |
The company was incorporated on
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 December 2015 |
to the date of this report. |
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Both the directors, being eligible, offer themselves for election at the forthcoming first Annual |
General Meeting. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act |
2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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Albrighton Car Garage Limited (Registered number: 09004754) |
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Profit and Loss Account |
for the Year Ended 30 November 2016 |
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Notes | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING LOSS | 2 | ( |
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Interest payable and similar charges |
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LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION |
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Tax on loss on ordinary activities | 3 |
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LOSS FOR THE FINANCIAL YEAR | ( |
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Albrighton Car Garage Limited (Registered number: 09004754) |
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Balance Sheet |
30 November 2016 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 |
7 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Profit and loss account | 9 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps 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 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. |
Albrighton Car Garage Limited (Registered number: 09004754) |
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Balance Sheet - continued |
30 November 2016 |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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Albrighton Car Garage Limited (Registered number: 09004754) |
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Notes to the Financial Statements |
for the Year Ended 30 November 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 net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable |
overheads. |
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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. | OPERATING LOSS |
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The operating loss is stated after charging: |
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£ |
Depreciation - owned assets |
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Directors' remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge |
No liability to UK corporation tax arose on ordinary activities for the year. |
Albrighton Car Garage Limited (Registered number: 09004754) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2016 |
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and | Motor |
property | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
Additions |
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At 30 November 2016 |
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DEPRECIATION |
Charge for year |
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At 30 November 2016 |
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NET BOOK VALUE |
At 30 November 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors | 643 |
Other debtors | 1,588 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
£ |
Other creditors |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 |
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Albrighton Car Garage Limited (Registered number: 09004754) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2016 |
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9. | RESERVES |
Profit |
and loss |
account |
£ |
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Deficit for the year | ( |
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At 30 November 2016 | ( |
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