Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Grant Vehicle Repairs Ltd
Contents
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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 Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Grant Vehicle Repairs Ltd
for the Year Ended 30 November 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Grant Vehicle Repairs Ltd for the year ended 30 November 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a member of the Association Of Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://rulebook/accaglobal.com .
This report is made solely to the Board of Directors of Grant Vehicle Repairs Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Grant Vehicle Repairs Ltd and state those matters that we have agreed to state to them, as a body . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grant Vehicle Repairs Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Grant Vehicle Repairs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Grant Vehicle Repairs Ltd. You consider that Grant Vehicle Repairs Ltd 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 Grant Vehicle Repairs Ltd. 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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Roderick Gunkel & Associates Ltd
Orchardlea
Callander
FK17 8BG
2 March 2017
Grant Vehicle Repairs Ltd
(Registration number: SC227302)
Abbreviated Balance Sheet at 30 November 2016
Note |
2016
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2015
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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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( |
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Net current assets |
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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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Provisions for liabilities |
( |
( |
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Net assets |
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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' funds |
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Approved by the Board on
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Stuart Campbell Grant
Director
2
Grant Vehicle Repairs Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
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 |
Freehold property |
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Fixtures, fittings, tools and equipment |
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Vehicles |
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Stock and work in progress
Deferred tax
Grant Vehicle Repairs Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued
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Tangible fixed assets |
Freehold land and buildings
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Fixtures and fittings
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Motor vehicles
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Total
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Cost or valuation |
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At 1 December 2015 |
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Additions |
- |
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Disposals |
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- |
( |
( |
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At 30 November 2016 |
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Depreciation |
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At 1 December 2015 |
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Charge for the year |
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At 30 November 2016 |
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Net book value |
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At 30 November 2016 |
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At 30 November 2015 |
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Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 December 2015 |
706,600 |
706,600 |
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Additions |
17,176 |
17,176 |
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Disposals |
(4,964) |
(4,964) |
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At 30 November 2016 |
718,812 |
718,812 |
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Depreciation |
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At 1 December 2015 |
176,859 |
176,859 |
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Charge for the year |
22,681 |
22,681 |
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At 30 November 2016 |
199,540 |
199,540 |
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Net book value |
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At 30 November 2016 |
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At 30 November 2015 |
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Grant Vehicle Repairs Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
17,750 |
17,750 |
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Amounts falling due after more than one year |
361,888 |
377,106 |
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Total secured creditors |
379,638 |
394,856 |
Included in the creditors are the following amounts due after more than five years:
2016
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2015
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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