REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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CARMARTHEN ACCIDENT REPAIR |
CENTRE LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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CARMARTHEN ACCIDENT REPAIR |
CENTRE LIMITED |
CARMARTHEN ACCIDENT REPAIR |
CENTRE LIMITED (REGISTERED NUMBER: 03916328) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
CARMARTHEN ACCIDENT REPAIR |
CENTRE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2016 |
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DIRECTOR: |
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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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Chartered Accountants |
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CARMARTHEN ACCIDENT REPAIR |
CENTRE LIMITED (REGISTERED NUMBER: 03916328) |
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ABBREVIATED BALANCE SHEET |
31 MARCH 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Investments |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
CARMARTHEN ACCIDENT REPAIR |
CENTRE LIMITED (REGISTERED NUMBER: 03916328) |
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ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2016 |
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The financial statements were approved by the director on
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CARMARTHEN ACCIDENT REPAIR |
CENTRE LIMITED (REGISTERED NUMBER: 03916328) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 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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GOODWILL |
Goodwill, being the amount paid in connection with the acquisition of the business in 2000. This has been fully |
amortised this year as the Director is of the opinion that there is no net realisable value remaining. |
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TANGIBLE FIXED ASSETS |
Depreciation is provided at the following annual rates in order to write off each asset over its useful life and |
repost assets at realistic net realisable values at the year end. |
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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. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
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AMORTISATION |
At 1 April 2015 |
and 31 March 2016 |
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NET BOOK VALUE |
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At 31 March 2016 |
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At 31 March 2015 |
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CARMARTHEN ACCIDENT REPAIR |
CENTRE LIMITED (REGISTERED NUMBER: 03916328) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 April 2015 |
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Additions |
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Disposals | ( |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
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Ordinary | £1 |
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Ordinary A | £1 |
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Ordinary B | £1 |
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Ordinary C | £1 |
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103 | 103 |
CARMARTHEN ACCIDENT REPAIR |
CENTRE LIMITED (REGISTERED NUMBER: 03916328) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following loans to the director subsisted during the years ended 31 March 2016 and 31 March 2015 |
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31.03.16 | 31.03.15 |
£ | £ |
Mr J A Evans |
Balance due at start of year | (83,385) | (55,170) |
Advances in year | (17,467) | (88,215) |
Credits in year | 137,389 | 60,000 |
Balance outstanding at end of year | 36,537 | (83,385) |
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Credits in year include dividends of £70,000 (2015 - £18,000) |
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Interest was charged at 3.25% to the Director. |