Company Registration No. 05057961 (England and Wales)
BUZZ ARNOLD CITROEN LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
BUZZ ARNOLD CITROEN LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BUZZ ARNOLD CITROEN LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,238
1,237
Current assets
Debtors
572
523
Cash at bank and in hand
3,308
3,075
3,880
3,598
Creditors: amounts falling due within one year
(4,731)
(4,261)
Net current liabilities
(851)
(663)
Total assets less current liabilities
387
574
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
386
573
Shareholders' funds
387
574
For the financial 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.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 December 2015
M R Arnold
Director
Company Registration No. 05057961
BUZZ ARNOLD CITROEN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment
25% reducing balance basis
Motor vehicles
25% reducing balance basis
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
2,200
Additions
413
At 31 March 2015
2,613
Depreciation
At 1 April 2014
963
Charge for the year
412
At 31 March 2015
1,375
Net book value
At 31 March 2015
1,238
At 31 March 2014
1,237
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1