BRIDGEYATE MOTOR SERVICES LTD.
|
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04701587
BRIDGEYATE MOTOR SERVICES LTD.
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 5
Notes to the Abbreviated Financial Statements
BRIDGEYATE MOTOR SERVICES LTD.
Chartered Accountants' Report
For the year ended 31 March 2015
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts of
|
BRIDGEYATE MOTOR SERVICES LTD
.
for the year ended
31
March
2015
which comprise the Profit and Loss Account
,
the
|
Balance Sheet and the related notes from the company
'
s accounting records and from information and explanations you have
|
given us
.
|
As a practising 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 BRIDGEYATE MOTOR SERVICES LTD
.
,
as a body
,
in accordance
|
with the terms of our engagement letter dated
15
July
2015
.
Our work has been undertaken solely to prepare for your approval
|
the accounts of BRIDGEYATE MOTOR SERVICES LTD
.
and state those matters that we have agreed to state to the Board of
|
Directors of BRIDGEYATE MOTOR SERVICES LTD
.
,
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
|
BRIDGEYATE MOTOR SERVICES LTD
.
and its Board of Directors as a body for our work or for this report
.
|
It is your duty to ensure that BRIDGEYATE MOTOR SERVICES LTD
.
has kept adequate accounting records to prepare
|
statutory accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of BRIDGEYATE
|
MOTOR SERVICES LTD
..
You consider that BRIDGEYATE MOTOR SERVICES 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 BRIDGEYATE MOTOR SERVICES 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
.
|
Nick Callen Chartered Accountant and Tax Adviser
146 Bath Road,
Longwell Green
Bristol
BS30 9DB
05 October 2015
1 of 5
Abbreviated Balance Sheet
|
BRIDGEYATE MOTOR SERVICES LTD.
31/3/2015
31/3/2014
3
2,806
3,302
2,806
3,302
3,620
3,500
25,106
22,388
1,945
2,455
27,833
31,181
Creditors
:
amounts falling due within one year
|
(33,631)
(30,473)
(2,450)
(2,640)
Net current liabilities
Total assets less current liabilities
|
166
852
-
(660)
Provisions for liabilities
|
166
Net assets
192
100
4
100
66
92
166
192
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) 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 ofeach financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financialstatements, so far as applicable to the company.
|
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
|
Date approved by the board: 05 October 2015
|
Mr Mark Anthony Slade Director
|
Signed on behalf of the board of directors
|
Mr Timothy John Pollard Director
|
2 of 5
Notes to the Abbreviated Financial Statements
|
BRIDGEYATE MOTOR SERVICES LTD.
For the year ended 31 March 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
|
The company operates a defined contribution pension scheme for the benefit of its directors
/
and employees
.
Contributions
|
payable are charged to the profit and loss account in the period in which they are payable
.
|
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
|
shareholders prior to the balance sheet date
.
|
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
|
Acquired goodwill is stated at cost less amortisation
.
Amortisation is calculated on a straight line basis over the estimated
|
expected useful economic life of the goodwill of
5
years
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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
Computer Equipment
Fixtures and Fittings
3 of 5
Notes to the Abbreviated Financial Statements
|
BRIDGEYATE MOTOR SERVICES LTD.
For the year ended 31 March 2015
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
2
Intangible fixed assets
|
15,800
15,800
15,800
15,800
-
-
18,810
18,810
15,508
496
Charge for year
16,004
2,806
3,302
Allotted called up and fully paid
|
31/3/2015
31/3/2014
100
Class A shares of £
1
.
00
each
|
100
100
100
100
4 of 5
Notes to the Abbreviated Financial Statements
|
BRIDGEYATE MOTOR SERVICES LTD.
For the year ended 31 March 2015
Mr Mark Anthony Slade
Interest Free payable on demand loan
11,760
31,338
32,384
10,714
-
11,760
31,338
32,384
10,714
-
Mr Timothy John Pollard
Interest free, payable on demand loan
11,845
31,338
32,387
10,796
-
11,845
31,338
32,387
10,796
-
5 of 5